Two Newcastle Statements In Three Days – What’s Going On?

Two Newcastle statements in two days – as the club have just released another – much shorter statement than Sunday’s and it’s good news.

Mike Ashley – no loan repayment

This is what the Newcastle statement said today:

“In relation to recent media speculation following the statement made by the Club on May 9, Newcastle United would like to make it clear that owner Mike Ashley is not looking for his interest free loan to be repaid, or to take any money out of the Club.”

That’s good news.

That’s been released to probably quell most of the poor reviews the initial statement has received – but we think the most important line in the initial statement has been misconstrued – completely.

The following is the bit that upset fans most – and it seemed like it meant that no money would be made available to Chris Hughton for new players in the summer.

“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.”

We just put out an article explaining that no capital expenditure on new players, the statement that is worrying lots of Newcastle fans,  doesn’t mean that money will not be made available to Chris Hughton to buy players this season.

It would have been very good if  Newcastle could have also clarified what that statement meant too – but maybe tomorrow?

We think we know what it means – read about it here.

Comments welcome.

Note: Don’t forget to vote for The Newcastle United Blog Player of the Season on our home page – one vote per reader.

25 comments so far

  • fongct

    May 11, 2010 at 6:36 PM

    Comment #1

    that is not a good news either, our biggest expense is wages expense which is 40M+, the 60M we can get from getting promotion can easily cover that expense

    I havnt counted the season tickets and sponsor etc yet….

    where has the money gone?….this statement just makes more confusion, if they want to explain it, explain it properly….not one statement one day, another statement another day….can they do things properly?

    I m really interested in the financial statement now

  • noir9

    May 11, 2010 at 6:54 PM

    Comment #2

    Where’s the money gone!? What money? We have lost near enough £70 mil over the last 2 seasons & it’s fairly well know that MA has had to put money in to cover loses. Now i’m no accountant but if he has taken money out of the club how has he managed if we are blowing money, it simply does not make sense to take money out and then have to put it back in.

  • ginkoh

    May 11, 2010 at 7:00 PM

    Comment #3

    I want to know who made the statement for official site. Liambias, MA or just admin ? The one who wrote it is just lack of football knowledge and don’t know how to talk with the supporters at all.

    That’s why we need someone like Chris Moat or football administration to connect between fans and club.

  • ginkoh

    May 11, 2010 at 7:01 PM

    Comment #4

    Oh Sorry “Chris Mort” not Moat.

  • snaggletooth

    May 11, 2010 at 7:11 PM

    Comment #5

    There is no plan for new capital outlay on players, also can read as : we dont plan on paying in installments but will pay cash in hand for any players we bid for. with the readies upfront more clubs will be willing to do business with us if they know in advance that they will get money in the bank paid in full. in thoery all of the doom mungers could be very wrong and this is an advert for how NUFC will do business in the future. an advert for we have real money in the bank ready to spend. depends on your disposition how you read the statement, me, the cup is always half full not half empty, have a nice day everyone.

  • DrMagpie

    May 11, 2010 at 7:21 PM

    Comment #6

    Credit when credit is due.

    If its true that Ashley does not expect to get the 100 million + interest free loan back in the near future, we need to give him credit for that. He did a lot of things wrong in his first year as owner but it seems that he is actually trying to make things right, and we as fans need to give him the chance to prove himself.

    That said, he is of course on very thing ice and needs to continue what he has been doing the last season.

  • Chris F

    May 11, 2010 at 7:52 PM

    Comment #7

    basically, what this shows is that those running the club are a bunch of muppets.

    frankly, there was no need for that statement on sunday, what other clubs do you know who come out with a yearly statement of intent?

    just bloody well keep your traps shut and do your jobs.

    at least we all know why they say they won’t talk to the media, it’s because every time they do make a public utterance, they’re shown up to be a bunch of complete clowns.

  • magpie999

    May 11, 2010 at 8:36 PM

    Comment #8

    I tell you what I’ve said for years that the great fans we have are also part of the reason we’re such a continued laughing stock.

    You just have to read some of the rubbish on here from idiots who think (given the current climate with Portsmouth, L’pool etc and the fact we won nothing when we did spend big) still think we should be going out this summer and spending 50-60 million+ on players.

    Wake up for gods sake.

    The squad we had when we got relegated was good enough for the Premier League and the only reason we went down was because the neither the coaching staff or the players could concentrate on the job in hand with all the off field circus going on around them.

    I’m the first to admit Ashley made a mess of things when he came (I refused to go back after the Keegan fiasco after having a season ticket for 16 years) but even I have to admit that he’s starting to sort this mess of a club out.

    Don’t think for one minute that this club wasn’t in a mess before Ashley came though. It was a shambles under Shepherd and the only reason he kept in hidden was because he kept bringing in trophey signings for muppets like the ones on here who all they care about is the next big name earner coming through the door.

    I’ve gone from being one of Ashleys biggest haters to actually thinking he’s getting to grips now and doing a decent job.

  • Turkish Magpie

    May 11, 2010 at 8:42 PM

    Comment #9

    magpie999- 100& agree m8!

  • Robbanufc

    May 11, 2010 at 8:47 PM

    Comment #10

    DrMagpie, Completely agree with you!

    This is actually awesome news. Maybe in 5 years we are one of the very few clubs in england running with a positive revenue. Would be amazing. That would give us a real upper hand! Credit where credit is due!

    I’m sure we’ll get the inforcements where Chris sees they are needed. Keep the faith lads! Howay the lads!

  • stuart no9

    May 11, 2010 at 8:51 PM

    Comment #11

    i think they knew exactly what they were saying in that statement on sunday, and i think it meant, what we all thought it meant, BUT, ashley , being the liar, that he has proved to be,( by his own confession) still treats us like idiots, and didnt expect us to question his comments ( its called arrogance) and has quickly had to grovell around it. A LIAR IS A LIAR ALWAYS WILL BE . F..K OFF

  • magpie999

    May 11, 2010 at 9:03 PM

    Comment #12

    Cheers Turkish

    It just really gets on my end when you hear fans shouting about big name signings.

    I even heard some muppets on here in the last few weeks talking about Berbatov as a possible signing…..I mean that just says it all for me. I swear half the time I think its just makams on here trying to wind people up because I’m trying to beleive that our fans wouldn’t be some bloody stupid.

    I’d love to see the following:

    Maynard – Bristol City
    Beckford – Leeds
    Belhaj – Portsmouth
    Perch – Forest
    Whittingham – Cardiff

    maybe a couple more after that

    Get rid:
    Harper (I know he’s done a job this season but much like when got promoted last time and got rid of David Kelly I think we need to harsh here..Krull Numbr 1 with Fraser as Reserve)

  • costello91

    May 11, 2010 at 10:10 PM

    Comment #13

    you seem to know your football, you want to get rid of steve harper???? best (give the chap a chance)
    and then buy beckford, maynard, perch (no prem experience?????)
    keep up the good posts mate!!

  • sjc07

    May 11, 2010 at 10:12 PM

    Comment #14

    Interesting that both statements have failed to address our new shirt sponsor and strip!

    Always a source of finical income for any club yet, as far as I know we have nothing in place.

    Re. Beckford. He is overrated and no better than Shola. His ego and inconsistencies damaged the moral at Leeds in the latter of the season. We need players with experience to guide the youth for example Kris Boyd has played Champions League football and top flight Scottish football all his career. Sure he is not likely to set the Premier League alight, but he is an asset.

  • Newutd

    May 11, 2010 at 10:37 PM

    Comment #15

    Magpie999 –

    You are blinded in all the hype Beckford received after the cup games. He has actually been a while on the bench in LEAGUE 1. Hasn’t impressed anyone since those mentioned cup games. A whiner as well. Not what we need in our spirited troop.

    Perch has had one really good match all season – against us. He has been on the bench quite often, and has been rather mediocre when playing.

  • GeordieBean

    May 11, 2010 at 10:49 PM

    Comment #16

    How aboot we give ameobi only games next season agianst the mackems he always scores agianst them for some reason 😉

  • GeordieBean

    May 11, 2010 at 10:57 PM

    Comment #17

    only 2 games* 3:)

  • Howay The Lads

    May 11, 2010 at 10:58 PM

    Comment #18

    Ameobi is so underrated. Even last season he scored 6 in a total of 15 full games – not bad for a shite player, eh.

    I know he does bugger all for the rest of the time, but when he has his back to goal, on the 18 yard line, with a player just behind him, I would say there is no better finisher in football…

  • Mac

    May 12, 2010 at 12:00 AM

    Comment #19

    Ameobi has been a great servant at Newcastle but there is noooooooooooooooo way he is prem league class. Nice bloke though, apparently.

  • Brutooon

    May 12, 2010 at 12:40 AM

    Comment #20

    Ameobi commit the most fouls in football history!

  • ginkoh

    May 12, 2010 at 4:47 AM

    Comment #21

    Hope Shola will prove us wrong next season.

  • Toon Sweden77

    May 12, 2010 at 7:30 AM

    Comment #22

    Congratulations Colocinni!!!!

    He has been included in Argentinas WC squad!!

  • Toon Sweden77

    May 12, 2010 at 7:36 AM

    Comment #23

    And Jonas as well but that didnt come as a surprise.. but congratulations to him anyway. Good luck to you and thanks for a great season.

  • Ericles

    May 12, 2010 at 10:22 AM

    Comment #24

    Surely the “form the basis” comment implies that other players will be added to the squad? We just do not know who they will be or who CH has in mind. We can assume they will be young ones and proven freebies with experience of the Premier and still some puff. We can ignore what the self-appointed agents of the press say on the matter. I hope Skjelbred arrives but it already looks like others suggested on this site will be signing elsewhere. If they do not want to play for NUFC then who cares!

  • noir9

    May 12, 2010 at 11:02 AM

    Comment #25

    Ericles, the “capital outlay” bit does make it sound like there is no money to spend. But as you say the “form the basis” part indicates that there will be additions. Of coarse they maybe just the youth players promotion to the first team squad.


You must log in to post a comment.