Newcastle United Issue Statement


Newcastle United FC issued a   statement yesterday.


The Board of Newcastle United Football Club whilst celebrating winning the Football League Championship 2009-2010 are aware that the next season in the Barclays Premier League presents a challenge to all at the Club. The Board recognises that one of the greater elements of this challenge is to promote stability throughout the organisation.

This great club has not won a major trophy since the 1969 victory in the European Fairs Cup. The first challenge is to maintain Premier League status.

Given the situation, and the fact that Newcastle United have continually been misrepresented by the national media over the past decade, the club now feels that it is the correct time to send a clear message to its magnificent supporters who have kept faith with the club over the past forty years and also to send out a clear message to all branches of the media about the club’s plans for the next five years both on and off the field of play.

Finances

The Club presented its financial report to Companies House this April for the year 2008/2009. The financial report shows that there was an operating loss of £37.7 million for that year and an estimated loss for 2009/2010 of £32.5 million. Newcastle United also has an overdraft of £20 million that is fully committed. It is clear to the Board that no organisation can be successful, until the financial position is stabilised.

The Board have therefore structured a five year plan in which the ultimate goal will be to ensure that the club is run at a “break even” manner by the year 2015/2016. The club also wishes it to be known; in an effort to stop the untrue rumours and stories that emanate from outside Newcastle United that:

• The Board have set a five year plan to promote core values of credibility, viability and sustainability both on and off the field of play at Newcastle United.

• The Board will concentrate on Newcastle United’s stability by promoting from within where possible.

Football

(a) Manager

Chris Hughton is the Manager of Newcastle United Football Club and has a contract in place until the end of the 2010/2011 season.

All media articles and interviews regarding footballing matters will come through the Newcastle United Media Officer, and be answered by the Manager and/or coaching staff with the Manager’s authority. The Manager can give interviews in respect of footballing issues and any other sporting issues that the press may be interested in around Newcastle United Football Club.

No interviews will be given by any members of the Board in respect of any footballing issues.

(b) Players

The first team squad that won the Championship this year will form the basis of the team for next season in the Premier League. There is no plan for new capital outlay on players.

The only individuals who will talk about player issues will be those connected with the football administration of the Club i.e. the Manager/Assistant Manager by way of either direct interview or through prepared statements via Newcastle United Football Club’s Media Officer.

There will be no comment from the Board regarding the purchase of players.

There will be no comment from the Board regarding the sale of players.

There will be no comment from the Board regarding ongoing contract talks with players presently at Newcastle United Football Club or with those that the club may enter into negotiation with.

There will be no comment from the Board regarding current pay structures at Newcastle United.

There will be no comment from the Board regarding players at other clubs in respect of their “interest” at playing for Newcastle United.

There will be no comment from the Board to players’ agents regarding any of the above whether those agents are acting for their clients in a buying or selling capacity.

Player Agents:

(a) Buying Agents:

The Board will not make any comment to the media regarding any players that they are seeking to purchase. The Board will deal with agents on their fixed terms of business and part of those terms will include clauses relating to privacy.

(b) Selling Agents:

The Board will not comment to the media regarding any players being sold by Newcastle United and the Board will deal with agents on the usual terms of business including explicit terms of privacy.

Promoting regional football

The Board and supporters are aware that Newcastle United currently has a footballing academy brimming with talent, skill and dedication. As part of Newcastle United’s quest for a team that truly represents the values of the Geordie nation the club will look to promote, where it can, from within and for the academy to become a leading light as one of the best if not the best in the UK.

The days when players such as Alan Shearer, Steve Bruce, Peter Beardsley and Michael Carrick had to leave Newcastle to begin their illustrious football careers elsewhere are over. Newcastle United is more than aware of the great passion for the game of football that exists locally and is intent on ensuring that every great Geordie footballer has the opportunity to play for his home team club.

Media

The Board at Newcastle United wish to reiterate the points made above that there will not be at any stage in the future any comments coming from the Board regarding any issues surrounding Newcastle United save for prepared statements that are issued by the Newcastle United Media Officer.

Once again, for the sake of clarity, this does not affect the Manager and coaching staff talking to the press/media about footballing matters on an everyday basis. The Board are being absolutely transparent in respect of this policy and would ask that the press/media direct any future questions that they may have regarding Newcastle United to our media officer.

The Future

In simple terms this is a transparent policy that will feed through and inform all aspects of the running of Newcastle United Football Club’s first team. There will be no comments from any member of Newcastle United’s Board in the future regarding any issues surrounding Newcastle United to the press/media at large.

The only persons dealing with such information to the media will be, as has been stated before, the Manager/coaching staff talking about footballing matters and issues or from prepared statements from Newcastle United’s Media Officer.

The Board at Newcastle United have issued this statement to the public to set out clearly to one and all the current financial situation and to state clearly that every effort will be made by the Board to achieve a “break even” financial situation by 2015.

Newcastle United Football Club is an organisation that holds a special place in the hearts of Geordies worldwide and the Board understands that it is they who are the spiritual torch holders of Newcastle United Football Club.

The Board has made this statement so that all those involved with Newcastle United be they supporter, member of the media or an individual with an interest in football can be aware of what the Board will strive to achieve over the next five years.



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29 comments so far

  • Flan

    May 10, 2010 at 10:25 AM

    Comment #1

    Shortnend summary of the statement =YOYO club. 🙁

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  • Purely Belter

    May 10, 2010 at 10:26 AM

    Comment #2

    maybe this is a first step in trying to communicate with the fans a bit more and letting us know what is going to happen.

    i think they could be learning from their mistakes.

    getting rid of the debt is a good thing because i know everyone wants success now but we cant end up like leeds, pompey and soon liverpool etc

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  • Hugh G Hampton

    May 10, 2010 at 10:28 AM

    Comment #3

    “i think they could be learning from their mistakes. ”

    LOL!
    All the mugs who continue to give Ashley their money certainly aren’t learning from theirs.

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  • Geordiedoonsooth

    May 10, 2010 at 10:35 AM

    Comment #4

    Okay so we’ll be breakeven by 2015 problem is we’ll probably be a Div 1 club. Long hard times ahead for the toon.

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  • Paul P

    May 10, 2010 at 10:44 AM

    Comment #5

    Ok, I can see what they are trying to do, but they are completely missing the point. The only way they will break even is if we are a premier league club, that is where the money is. The only way we will be a premier league club is to improve the squad. Remember, the higher up the league you finish, the more money you receive. As it stands at the minute, we have not enough to keep us in the league. This is sad.

    If Ashley cant afford to run the club, he needs to find and sell to someone who can afford it, that is the problem though, who out there can afford it and will buy it for the right price.

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  • Ericles

    May 10, 2010 at 10:48 AM

    Comment #6

    According to the Daily Mail (no comment) this means there is no transfer kitty for CH. Much of the statement is an avoved declaration to “make no comment” – so where is the idea coming from that Ashley & Co are now learning to communicate with the fans? So, accordingly we are being told by the media that CH will have to pick up out of contract players, freebies, and loan signings. No good asking Ashley about this cos he has already said “no comment”. This does mean that any press comments about who we are interested buying are now all lies by default. Obviously we cannot even compensate any club for signing their youngsters now. Ashley, despite his waffle about the heritage of NUFC, is still a spiv and sleight of hand barrow boy who we cannot put any faith in whatsoever. Howay the lads and the future to the Geordie Nation!

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  • marshy

    May 10, 2010 at 10:51 AM

    Comment #7

    recipe for disaster with ashley the head chef.

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  • bmdspencer

    May 10, 2010 at 10:55 AM

    Comment #8

    I think this had to be done and I think you’ll find alot of other clubs following suit which will making it easier to stay in the prem. Teams like Stoke, Everton etc won’t be big spenders in the summer and with 1-4 shrewd free transfer and loan signings (Boa Morte, Van Aanholt, MESSI 😉 we should be ok.

    At the end of the day, we don’t want to be in the same position as Pompey right?

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  • listie

    May 10, 2010 at 10:55 AM

    Comment #9

    Worrying statement TBH,

    “no organisation can be successful, until the financial position is stabilised” erm Man U, huge debt still successful!

    The most worrying bit out the whole statement

    “There is no plan for new capital outlay on players.”

    I think most fans know we shouldn’t spend silly money, but all the financial bods say promotion is now worth £90m, pay off any debt and spend a little and bank a little!

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  • DJM TOON

    May 10, 2010 at 10:57 AM

    Comment #10

    sorry all, but nowhere does it stipulate that we wont be buying players!

    jesus you’re all nuts!!

    reading that was great… the board have recognised that their is a media circus that surrounds our club… they have effectively shot that out the sky by saying from now on if its not from the lips of the coaching/playing staff or our media officer, it isnt true

    not talking about transfers… great stuff… look at last january, there was no/little talk then and we got some good young players in.

    the guy supported CH, we’re back where we belong and were preparing for what is ultimately the way a football team should be run. you’re no true fan if you’d rather have NUFC run at massive debts and on the brink of collapse just on the chance we may win a trophy… history has shown us it doesnt work… go back to the fairs cup and we won through grit and steel, through a team of players.

    thats what we should be looking to emulate… not manu or liverpool or manc or chelsea

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  • DJM TOON

    May 10, 2010 at 11:02 AM

    Comment #11

    and before anyone starts to have a go

    “There is no plan for new capital outlay on players.”

    does not mean we wont be buying or bringing in for that matter, new players… read the statement for what it is

    and, reading the statement as a whole… it goes on to say that they wont talk about it even if they did have 50mil to spend

    anyone involved in business would read that and say fairplay… keep your cards close to your chest.

    the guy cant do right for doing wrong

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  • PHOENIXNIGHTS

    May 10, 2010 at 11:03 AM

    Comment #12

    I have split views on this – the long term financial stability of the club is of course paramount however we need to strengthen – I just hope we can get a few decent loans (OHara and maybe Sturridge of Chelsea) Beckford on a free. Barton and STaylor are like new signings and Carroll WILL be a handfull in the PM. Are Ashley and Lambias intentionally trying to depress the Toon? The happiest pre season in a long time and then the two slimbags come out with this. Keep the faith lads – I for one will be happy with survival 2010/2011.

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  • big bob

    May 10, 2010 at 11:09 AM

    Comment #13

    “There is no plan for new capital outlay on players.”

    if it doesnt mean we are not going to buy players what does it mean ????????????

    championship here we come again at least the parachute payments are now 45million mmm
    not bad for not spending any money

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  • DJM TOON

    May 10, 2010 at 11:13 AM

    Comment #14

    well if they know anything, they know the toon faithful love to hold high expectations of the next trophy signing… the 50mil we’ll be spending on players splashed all over the press… going around being the “big club”

    perhaps they’ve nipped that in the bud straight away and good for them

    we all know we need to consolidate next term… our core squad is capable of that.

    the statement states that no new capital… that doesnt mean no new players… and dont get your knickers in a knot… they said the same last jan and we got three new faces that have been fine additions

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  • DJM TOON

    May 10, 2010 at 11:13 AM

    Comment #15

    it says CAPITAL outlay you moron

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  • big bob

    May 10, 2010 at 11:21 AM

    Comment #16

    new capital outlay means no buys…………..fullstop
    they have seen us win the championship easily so obviously think we can survive in the premier league
    looking at the teams from 10 – 17 in the premiership all have better squads then nufc at present and will strengthen in the summer
    where as our best players couldnt cut it last time we were there
    colo ,gutirez,enrique,smith,nolan
    this is the core of our team
    start praying as it will be along hard season

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  • Davies

    May 10, 2010 at 11:28 AM

    Comment #17

    The statement doesn’t worry me in the slightest. It says what we’ve been told for a while now:

    NO MORE PISSING MONEY AWAY LIKE IN THNE DAYS OF FAT FREDDY.

    This is shrewd. Somebody above wrote that successful teams can run on debt and used Manchester United as an example. I’m sure we’ll all give Man United a pat on the back for all their former glories when Fergie’s gone and the club goes into administration (nearly £800m in the hold and counting!), but I’d rather we didn’t follow them.

    No. We are running at a loss and this needs to be rectified. If Hughton needs a particular type of player that he can’t get on a free or on loan, I’m sure that an arrangement can be reached. Remember, there are players who will have to be sold at some point, so there will be funds. This may mean some unpopular decisions, but these will be on Hughton’s head, not Ashley’s.

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  • Davies

    May 10, 2010 at 11:29 AM

    Comment #18

    DJM Toon; I don’t think anyone’s listening mate.

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  • DJM TOON

    May 10, 2010 at 11:51 AM

    Comment #19

    big bob… no new capital outlay means MA wont sanction dipping into his own pocket… the club will have to find the money.
    whats the problem with that? we’re still in a financial mess which needs to be rectified.. it might be tough to swallow but when you’re up to your eye balls in debt with yoru bank manager and your overdraft is maxed out, what do you have to do? cut down going to the pub, going on holiday, taking the wife to dinner… in essence, tighten your belt

    same rules apply to us. LIVE WITHIN YOUR MEANS

    now with all that said and done… everything will happen behind closed doors… MA clearly stated last term that he was sinking 5mil a month or whatever into the club… but come jan he still invested in the team… but he didnt make a song and dance about it and act like we owed him.

    the guy is trying to be shrewd i believe and ultimately… he got us back to where we belong… yeah yeah it was his fault we went down… sick of hearing… the clubs in a better position now than 18months ago… as far as i’m concerned he’s due some slack and the only proof will be in the football next term. i expect nothing more than surviving… if he gives us that, i’m gonna be happy.

    davies… i think its known as the “herd mentality” :o)

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  • Tel

    May 10, 2010 at 12:29 PM

    Comment #20

    Love Ashley or loathe him, I have to say i am happier with the financial state of the club now than a couple of years ago. How many of you can honestly say that the money spent on Owen was value for money? As for the teams we compete against strengthening, who do they strenghen with? Its either the same old pack of average players who shuffle around for a higher pay packet, or rarely a new found talent from lower leagues or abroad, I would rather that than overpaid prima donnas milking the club for all its worth. Yes we have had value from some of our highly priced stars but they are in a minority. The policy on youth and teamwork is far better than rip off overage golddiggers, do we really want to risk the very being of our club on the chance that spending big will give us success. Man utd further into debt each year..how long can that be sustained? Liverpool with hicks and gillette, not in champions league and in massive debt, who will they sell? gerrard, Torres Kuyt? pompey serious trouble dont know if they will be solvent next year. cardiff likewise. Hull already talking about the possibility of administartion because they overspent. Crystal palace staff not paid due to lack of cash. Leeds lived the dream and are only now back in championship. If we finish 4th Bottom that will be enough for me, also how many of you actually support the club financially. Or perhaps you do when things are rosy. Every business needs a business plan and financial security or there is no business. Thats all Ashley has done and attempted to communicate with its customers, not promising the world, just reality. He has learned from the mistakes of his first two years, but we as fans havent learned from the expectations of the last 40. Enough ranting, sorry if I have offended anyone, but I am passionate about my club, not the owner, or board, just the future of it and the current financial way of the game cannot be sustained. (As an idea I pay around 700 per year for my 2 tickets, that means we have to attend for 14 – 15 years to pay an average players wage of £10,000 for one week. ) HOW LONG CAN THAT GO ON ?

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  • Spitfire

    May 10, 2010 at 12:37 PM

    Comment #21

    DJMToon

    Well said mate, I wish others would not just pick sentences at random and them panic about them, posting their words of wisdom when they clearly don’t understand what has been said. At the end of he day capital is new money introduced from outside to fund specific items. It is not income from running the business or from sales. It is not reserves (if we had any!) It is extra and additional money. So we will be getting new players but Ashley won’t be funding them with new money from his wallet.

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  • Spitfire

    May 10, 2010 at 12:41 PM

    Comment #22

    And anyway it was not entirely Ashleys fault we went down: remember Owen Viduka Duff etc – guys who if they had got theirar5es into gear and scored a goal for us would have stopped us going down.

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  • christos

    May 10, 2010 at 1:23 PM

    Comment #23

    it’s the first time that i agree with a decision taken by Ashley. It is not possible to have a bussiness that loses 30-40m every year and keep spending as if everything is fine. We can get 3-4 playor on loan or free and survive next year. This is the right thing to do if we don’t want to follow portsmouth and leeds. Half of the teams in PL will not be able to spend this summer and i believe that we are a better team than all of them i.e. Wolves, Wigan, Bolton, Mackems, WBA, Blackburn, West Ham, Stoke. So with a bit concentration and a bit of luck we can finish mid-table which is the objective for next year.

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  • WLtoon

    May 10, 2010 at 1:26 PM

    Comment #24

    No one knows how much Ashley will give CH to spend so its pointless ranting about it,its true that there is no guarentee that speculating to accumilate would keep us up but i think it would give us a better chance. We can argue the toss all we like about whether we are up to our eyes in debt or not? but if clubs like Wolves and Birmingham can make funds available to their managers for the prem then surely so can MA. I dont think anyone was expecting MA to push the boat out too much by giving CH 30M, but 10-15M wud,nt be unreasonable especially when you consider the 50M EXTRA clubs get for prem football. IF this speculation is right?? i expect nothing but upheaval throughout the club again, there are people who think MA is doing a sterling job???,but there are many more who think he is,nt.

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  • Mr Books

    May 10, 2010 at 1:39 PM

    Comment #25

    Spitfire, Capital expenditure is not new money from outside, it is money transfered from capital to asset on the balance sheet.

    Buying a player is a capital expenditure for a football club, just as buying a new oven is a capital expenditure for a baker.

    My read of the statement is that if hughton wants to buy he has to sell first. However 5 years to break even on the current loss means that there is space to increase the wage bill in the short term. In other words expect some loan signings and new contracts for good kids.

    The rest of the waffle basically says that Ashley and Llambias deny any accuracy in anything they may say as relates to NUFC, and unless it comes directly from the media officers mouth or a statement released by the media officer, then you can’t put quote marks round it and say its from the board of Newcastle United.

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  • Sgt. Heagerty

    May 10, 2010 at 2:50 PM

    Comment #26

    look lads, we all new this was coming so why is everybody acting surprised. We have to get ahold of this debt now before we are on the brink like liverpool. Man u isn’t far behind. Best we get ahold of it now then later. And this isn’t the same squad that went down 2 years ago. These players have heart and will fight to stay up. We will get a couple key pieces to help in the fight but im glad we are gonna get this debt under control then we can live without having to worry wether or not our team will do a portsmouth next season…Stay loyal and true to the team fellows…

    HWTL

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  • Thump

    May 10, 2010 at 3:24 PM

    Comment #27

    Christ I’m glad to see that three or four of our readers aren’t over reacting.

    I hate to say it but if you don’t understand the subject matter you shouldn’t be commenting and drawing assumptions from it.

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  • yuwing

    May 10, 2010 at 5:52 PM

    Comment #28

    wait Newcastle in 20th spot in summer, then they will know the cost of this decision

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  • JIMMYBOB33

    May 10, 2010 at 11:20 PM

    Comment #29

    common sense here? would,nt it be better to spend 10 – 20 mil to ensure we stay in the prem then get relagated and lose 60 = 90 mil because we will be finished if we get relagated again gates would really go down in fact after this statement i wonder how it will effect shirt sales and gates surely he cant be that stupid and risk it what a mess

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