West Ham Vice-Chairman Karren Brady has criticized Newcastle Managing Director Derek Llambias.
Karren Brady – criticizes Derek Llambias
Newcastle issued their financial results for the year June 2009 through June 2010 last Wednesday, for the time that Newcastle were in the English second division.
The revenues dropped almost 40%, but it appears the club managed things extremely well under the rather dire circumstances, and Newcastle were able to stay afloat, even with a massive wage bill of £47.5M, through interest free loans from owner Mike Ashley.
And that strategy of keeping top players at Newcastle paid off big time, when Newcastle easily won automatic promotion and were 32 points clear of 3rd placed Nottingham Forest.
Just think Newcastle could have lost 10 of the games that they won in that season, and still been automatically promoted, and that;s just one measure of the terrific job manager Chris Hughton did that season for Newcastle.
To put things in perspective, WBA and Blackpool were also promoted and had wage bills of £15M and £6M respectively.
That was a good news story for Newcastle, but Karren Brady has taken exception to Derek LLambias over-praising owner Mike Ashley last Wednesday, and particularly the statement that Newcatsle wouldn’t have survived without Mike’s money.
This is what Ms. Brady said in her Sun dairy:
“I can’t let one comment from his (Mike Ashley) chief executive Derek Llambias go quietly.”
“Rubbing his boss with the embrocation of gross flattery, he says: ‘Quite honestly, Newcastle United would not be here without him.’ Quite honestly, that’s rubbish.”
“The club is bigger than him, just as West Ham is bigger than us all.” “Newcastle United will exist when Mike Ashley has gone to the great casino in the sky.”
We suppose Karrren had to write something in the Sun, and of course the more controversial it is the better, we suppose.
What Derek meant was that Newcastle couldn’t have kept so many good (and expensive) players at the club, without Mike Ashley’s loans during the season, because the incoming revenues couldn’t have supported the wage bill.
But we hope this is the end of this little story, and Derek doesn’t come back with any stinging response to what the outspoken Karren Brady has said – sometimes saying nothing is the class thing to do.
The facts are that Mike Ashley is disliked by many (most?) Newcastle fans, and whatever he does will not sway them one little bit.
And it’s not surprising that Llambias tries to over praise the owner and his boss, who still surprisingly refuses to say anything to the Newcastle fans.
That’s a very strange way of treating your customers, and he couldn’t have learned that in business school – but we better leave it at that.