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Howay The Lads!!

This Is How Newcastle Do Business – Other Clubs Could Take Note

11:28 pm, Thursday, March 8th, 2012 by Dr. Ed Harrison · 112 Comments

Newcastle issued their financial results for the year ended June, 2011 today, and it made for some positive reading.

Derek Llambias – very good financial results

The previous year was through June of 2010, so remember Newcastle were in the Championship that year, so they are not much better this last financial year for one big reason that Newcastle were back in the Premier League.

Their revenues  from TV tripled last year compared to the previous year, and total revenues (turnover)  increased to £88.4M from £52.4M and the losses decreased to £3.9M from £33.5M  the previous year.

We put out a report earlier today on the figures and discussed them and included graphs of the revenues and losses over the last four financial years, and it makes for some positive reading and some good trends.

It’s not surprising that Derek LLambias has come out and talked even more about the figures and how Newcastle have put their financial house in order, while still improving the playing quality of the side.

We are currently 6th top of the Premier League – which is an excellent achievement – so far this season, and we just hope we can keep it up over the last 11 games of the season.

This is what LLambais had to say on a wide range of issues:

“If Mike had not come in at that time, the club would have been in dire, dire trouble.” “It would have been another Portsmouth – maybe worse, because it is so big, it is such a big club.”  “Our model is working, and we have not downgraded the team.”

“We never want to waste the club’s money – the fans’ money. No crazy salaries like they had before.”  “Hopefully we are now being the custodians that we are meant to be. It would be lovely if we were all hand in hand – the club and the fans.”

“The owner doesn’t take a penny out, but that’s what people don’t believe. These figures show he doesn’t.”  “We’re getting over the bad parts. We have apologised for the mistakes. We did make mistakes that were naive and for a combination of factors.”

“Now we’ve got full control of the direction. We’re going to get there, in a very responsible way, without endangering the future of the club.”  “The divide shown by some of these financial figures is huge.” “We are punching above our weight at the moment. “

“You look at some of those figures and you wonder how are they going to survive.”  “Can the owners just keep pumping money in? Maybe some of the foreign ones can, but I’m not sure about the UK-based owners.” “The tradition and the history will still be there.”

“It’ll be fantastic if we can bring a trophy to the club. That would give us a feeling of, ‘It worked.’”  “We’ve got a manager hungry for a trophy, a team that we’re building, staff and players on long-term contracts, and we’re investing in the future.” “It’s been an exceptional season.”

“Now it’s a case of pushing forward. This season we targeted tenth or above. Next season it was going to be eighth.”  “We just do straight contracts. We do no overseas pensions, no image rights. We say, ‘This is your money, now you go away and talk to your tax advisers if you must.’ “

““We don’t do goal bonuses. We had that with Martins, maybe that’s why he would always shoot from the halfway line!”  “We used to see him on the ball and think, ‘Oh look. He’s going to shoot again.'” “We’ve taken all that stuff out. We know exactly where we are.” “We do have team bonuses for success, in terms of positions.”

“We would like to see deferred transfer payments phased out, so that you just pay for a transfer over a year.” “Why pay for it over five years? Most do it.” “We prefer to pay it over a short period of time. This was put to the Premer League board in 2010 and was rejected by everybody.”

“We are saying it should be discussed. You shouldn’t be spending money you haven’t got. It’s not the right way to behave.” “And look at the taxman. Why is the taxman giving clubs so long to pay their tax bills? For instance, VAT – it should be paid on the dot. It’s a crazy way of running a business.”

“And is the creditors rule right in football? Footballers are getting paid, but the local tradesmen who have done work for the club aren’t and it is costing jobs.”

That’s interesting about not giving bonuses for goals, so the Demba Ba is not incented that way – hopefully the club will renew the Senegal striker’s contract before the summer, so we have a decent chance of keeping him at the club.

Newcastle also pay for their transfers up front in full, and  in cool cash, and that’s news about trying to get the Premier League Board in 2010 to be the way transfer business is conducted by all clubs.

It certainly would help those clubs who vastly pay out money they simply don’t have, and not end up in bankruptcy as we have seen recently with Glasgow Rangers and Portsmouth – among others.

If Mike Ashley was going to invest around £300M into a project to make money,  he could have found much better investments than in a football club – it’s very hard to make money in sports.

Ashley has loaned the Newcastle club £140M over the last few years, and it doesn’t seem like he wants repaid anytime soon, and of course he’s not getting any interest from that loan.

So at least financially Ashley and LLambias have done very well since we were relegated – there’s no doubt about that.

We only wish they would try much harder to get a better and improved relationship with the Newcastle fans, who still distrust the two of them and their motives.

But there’s no doubt that Newcastle United are coming back both on and off the field – and that has  got to be good.

Very good.

Howay The lads!!

Tags: Financials · Newcastle News

112 responses so far ↓

  • 1 Tsunki // Mar 8, 2012 at 11:30 PM

    I did this to be first and ever read the article yet. Shame

  • 2 Tsunki // Mar 8, 2012 at 11:31 PM

    Never read. I will now though.

  • 3 Demba_Ba // Mar 8, 2012 at 11:38 PM

  • 4 TemuriKetsbaia // Mar 8, 2012 at 11:41 PM

    I think bigger teams than Rangers could end up in the brown stuff over the next couple of years and we wont be one of those clubs.

    Whatever you think of MA we’re in great shape financially and have a successful team.

    You can only be sure that Arsenal and Newcastle have a secure future due to the sensible way we have been run.

  • 5 planbillytedbob // Mar 8, 2012 at 11:41 PM

    if you do a non-ironic “first” you are the biggest c*nt in Christendom

  • 6 Tsunki // Mar 8, 2012 at 11:42 PM

    Well, I have to say that it surprises me to hear DL speak that way on so many aspects of the clubs finances – ther’es a lot of er…. sense…. and er….sense in there. I feel disarmingly at a loss to argue with most of the points he’s making. Makes a lot of sense in the simplicity of their contracts, loved the Martins goal bonus thing lol. Now that really does make sense when I think back! I need to get some sleep and look at this in the morning so I can get back to not trusting the guy properly again!

  • 7 Tsunki // Mar 8, 2012 at 11:45 PM

    @3 – Whaaaaa????? Hang on, I’m not ready for this….nosebleed….

  • 8 planbillytedbob // Mar 8, 2012 at 11:45 PM

    he just doesn’t look trustworthy haha. how discriminant

  • 9 TemuriKetsbaia // Mar 8, 2012 at 11:45 PM

    @3 Signed

  • 10 Thump // Mar 8, 2012 at 11:47 PM

    It does make a lot of sense Tsunki. I’m rationalising agreeing with him by reminding myself that he’s a grade a knob rocket 😀

    Just got back in from the reserve game. The police have a lot to answer for, the way they handled fans after the game was an absolute disgrace. One mackem was grabbed by the throat and thrown at least 3 or 4 feet, while a Toon fan was punched square in the face by an officer – I saw nowt to warrant that reaction. As for the fans in the ground ripping off the hoardings, it was mainly a group of young lads trying to be clever. I think I was more impressed by how easily they came off – you know the corrugated plastic that you see on “For Sale” signs? It’s that stuff glued onto plywood backing. One lad must only have been 13 or 14 and pulled an entire section off himself o_o

  • 11 Demba_Ba // Mar 8, 2012 at 11:52 PM

    @ TemuriKetsbaia thank you

  • 12 AndyMac // Mar 8, 2012 at 11:53 PM

    Demba_Ba /says:


    This is Fatman spin pure and simple.

    No Geordie in his right mind would support this shlte while the Fatman uses St James Park as a glorified billboard.

    Plss off Demba Ba back to Fatmans Marketing Department !!!!

  • 13 AndyMac // Mar 8, 2012 at 11:57 PM

    Tsunki says:

    “Well, I have to say that it surprises me to hear DL speak that way on so many aspects of the clubs finances – ther’es a lot of er…. sense…. and er….sense in there”

    The real reason we made profit is because a certain Judas Carroll left for pastures new and gave us a nice fat lump sum.

    Dont go thinking Fatman and Dobbin have come up with some grand master plan 🙁

  • 14 LGFUAD21 // Mar 8, 2012 at 11:57 PM

    DL just held up his hands. To that I shake his hand. Things are looking up.

  • 15 planbillytedbob // Mar 8, 2012 at 11:58 PM

    Andymac is a bit militant.

  • 16 AndyMac // Mar 8, 2012 at 11:59 PM

    BTW that Judas Carroll should have been in ” ” as I’ve never seen AC as a traitor just part of Fatman’s cunning master plan to fool an awful lot of Mags at the same time 🙁

  • 17 Tsunki // Mar 9, 2012 at 12:02 AM

    Thump – fantastic outing then. I was taking my lad out for a last driving lesson before his test tomorrow and was rationalising with him how it was better to do this rather than go see the stiffs for nowt, whilst all the time not believing my own slaver. Now I’m sort of glad I didn’t bother. What was the crack with the bill, then? Bored? Miss out on some good ol’ G8 head-bashing at the proper derby did they? I remember a couple of derbies ago when my bro-in-law got whacked by a copper on his leg for absolutely nothing, it was black n blue for weeks he could hardly stand up. This game I was walking to the ground from Stowell Street and I heard one rozzer say to the other they should have worn their s*nderlan’ shirt for today – maybe that’s a clue to who the force draft in for these things? Don’t get me wrong I have total respect for the law and it must be crap to police two sets of savage fans but sometimes there’s a rogue element just as there is with the fans, only they have the power to put you in the back of a van and tenderise your ribs legally which is always a bit of a worry when you’re just out to atch a match with the boy…:(

    On the hoarding quality, I guess that tells you a bit about where the savings are made lol – lots of tacky advertising! Like the SD dot com tv advert, man that does my head right in!

  • 18 AndyMac // Mar 9, 2012 at 12:02 AM

    planbillytedbob says

    “Andymac is a bit militant”

    Like saying someone is a bit pregnant 🙂

    Sorry planbilly but this regime, just like the last in its heyday, manages to hoodwink an awful lot of supporters into thinking black is white and vice versa.

    Truth is we’re no better off in real terms than when Fatman took us down to the Championship. Maybe that was all part of his Plan ?

  • 19 Demba_Ba // Mar 9, 2012 at 12:04 AM

    @ AndyMac okay lets give cisse back sell tiote ect so we can have the st james park sign there you cave man ! we and they will always call it st james park man

  • 20 Tsunki // Mar 9, 2012 at 12:04 AM

    AndyMac – you may have sensed that there is a slight amount of reservation in my grudging acknowledgement. He does cut a conciliatory rug though. I take it he still hasn’t made it on to your card list then? 😉

  • 21 Tsunki // Mar 9, 2012 at 12:06 AM

    AndyMac @ 17said

    planbillytedbob says

    “Andymac is a bit militant”

    Like saying someone is a bit pregnant


  • 22 Tsunki // Mar 9, 2012 at 12:07 AM

    hey what happened to me smileys?

  • 23 planbillytedbob // Mar 9, 2012 at 12:09 AM

    Andy how are we no better off? we aren’t paying extotionate wages. we are pushing for Europe. we have better players. we are on a solid financial base. we are planning ahead.
    what is it about that which makes us no better off?

  • 24 AndyMac // Mar 9, 2012 at 12:11 AM

    Tsunki says:

    “AndyMac – you may have sensed that there is a slight amount of reservation in my grudging acknowledgement. He does cut a conciliatory rug though. I take it he still hasn’t made it on to your card list then? 😉

    I did Tsunki and I’m not likely send him anything while there are so many muppets about who he can manipulate with his bullshlt. Just goes to show you can fool some of the people all of the time even when the stadium is renamed for Fatmans benefit – NOT OURS !!!!!!!

  • 25 Tsunki // Mar 9, 2012 at 12:13 AM

    AndyMac – you may be in danger of looking a teensy bit irrational. How would you explain the simple equation of wage bill in championship versus same in 6th place premier league this year? Also do you think we would be doing this well with the old No9 on the bridge?

  • 26 AndyMac // Mar 9, 2012 at 12:16 AM

    planbillytedbob says:

    “Andy how are we no better off? we aren’t paying extotionate wages. we are pushing for Europe. we have better players. we are on a solid financial base. we are planning ahead.
    what is it about that which makes us no better off?”

    In trading terms planbilly. We were turning over approximately £88m the year we were relegated albeit with a higher wage structure which any normal owner would have seen to after taking over from SJH and the other Fatman.

    On the pitch I think we’ve moved backwards despite the fact that our squad is probably the best since SBR’s time and 6th in the league will eventually translate to 7th or 8th before the season ends. Which wins us nowt !

  • 27 Demba_Ba // Mar 9, 2012 at 12:19 AM

    Andymac just come out and say it, “I like Ashley and Llambias. They’re very, very smart businessmen”

  • 28 AndyMac // Mar 9, 2012 at 12:19 AM

    Not sure if that answers your question Tsunki ?

    Lets not forget it was the Fatmans cock ups that took us down. An £80m plus turnover (if we’d stayed up) could now be worth £100m+ but the bills had to be paid for our dip down the ladder.

  • 29 planbillytedbob // Mar 9, 2012 at 12:22 AM

    so what you’re saying is because any new owner would have reduced the wage bill that makes the fact that ashley did it redundant?
    financially we are in a better place because while our turnover is the same our outgoing are substantially less.
    i understand where you’ve started but i don’t get how we are not better off here.
    and if our team is better then how has it gone backwards. you’ve confused me there

  • 30 planbillytedbob // Mar 9, 2012 at 12:24 AM

    as for saying 6th translates to 7th or 8th. you may be proved right at the end of the season. however, you really cannot know that.

  • 31 Baro // Mar 9, 2012 at 12:26 AM

    Yes, Andy Carroll did get sold, Yes stadium name changed, and Yes I have called Mike names before.

    But, we all just have to realize, he is here for the long-term. Each and everything we own, we don’t want them ugly. Well, same for Mike, he owns this club, doesn’t want it ugly, and corrupted. He has done several unfavorable things at this club. But, those digits, tell the whole story. It gets ugly before you see the beautiful side. Just like rebuilding a house. First, looks like crap, then you see the beauty. Well, the revenue is up, losses are cut, and we are close to breaking even. Who knew we would of been in this position before this season? The goal was top 10, we are in 6th, and most likely will finish season off in top 5, hopefully 4th, most likely if we beat arsenal at their ground on Monday. We have to just go with it, and respect what we have….

  • 32 planbillytedbob // Mar 9, 2012 at 12:28 AM

    @27 Andy you explain yourself better here but you surely see they have learned from mistakes. trying to make it work. i don’t completely trust them but we are in a better position now than just before shepherd sold up

  • 33 Thump // Mar 9, 2012 at 12:29 AM

    @Tsunki: Couldn’t tell you mate. Spoke to a few Mackem’s who agreed that the police were a bit edgy and were probably looking for bother but it amazes me how they can be so flagrant with it. There was a young lad standing next to me and my mate with his older brother who got pushed aside by one of the officers and had I not have been there, he’d have been over the seats. The same lad almost had one of the ad hoardings bounced off his head – it’s okay though, my head broke it’s fall.

    The Mackem lad who was grabbed by the throat was one of three who were being escorted back to the stadium (after obviously having made their own way out)… so they had got at least a block away (can’t think of the name of the street atm) before being pulled back through hundreds of young lads… they just made matters worse. Even if they had been causing bother, why not just arrest them on the spot rather than trapse them all the way back through the crowds? Doesn’t make sense mate!

  • 34 AndyMac // Mar 9, 2012 at 12:31 AM

    Two separate issues PB.

    Financially we’re no better off than we were when Fatman came riding in on his white horse. The club has almost gone backwards in turnover terms and is now way behind Tottenham (as a reasonable yardstick club size etc etc) and unlikely to reach the magic £100m plus for another year or more – increasing the gap between us and the “Top Six”.

    In playing terms we were average mid table before Fatman arrived and we’d won nowt. So unless you’re gonna tell me the trophy cabinet is now chokka full of recent successes, I’d have to say we’re no further forward as 6th or 7th aint gonna win you any more apart from a few more Sky TV quid for Fatman to bank ?

  • 35 Thump // Mar 9, 2012 at 12:34 AM

    @AndyMac: I agree with what you’re saying, but what about the financial fair play that is coming into power next season? It’s hard to say that Fatman Slim hasn’t prepared us relatively well for that.

  • 36 TemuriKetsbaia // Mar 9, 2012 at 12:34 AM

    Spurs have won nothing either.

  • 37 Baro // Mar 9, 2012 at 12:36 AM

    these dogleashes are really dreaming, aren’ they?
    Just won’t admit how crap they are , and so YESTERDAY!

  • 38 planbillytedbob // Mar 9, 2012 at 12:41 AM

    right Andy i see your point there. you’ve worded it well and have avoided abuse so i respect you for that. however, we were a lower-mid table side, or fast becoming one, when he took over. if we qualify for Europe we will be much better than mid table. 6th is 1 place off 5th and Europe.
    we have all but moved backwards turnover-wise.
    but we are now moving forwards at a faster rate in my eyes and will catch up on this (at least) one year of “what if” time.
    all i am concerned with is that we are moving forwards now. we were not before.

  • 39 AndyMac // Mar 9, 2012 at 12:41 AM

    Good point Thump but do you think Spuds arent thinking along the same lines ?

    Less than five years or maybe six years ago we were in the top ten of the football rich list and Spuds were trailing in our wake.

    Now we’re £100m behind them (admittedly after their exploits in the CL) and not looking likely to close that gap any tome soon.

    Dont get me wrong I know Fat Freddy fecked things years ago but Fatman hasnt pulled out all the stops despite the fact that (Numbers wise) we should be a far better club than Spuds

  • 40 Thump // Mar 9, 2012 at 12:42 AM

    Haha Baro, that gave me a laugh. He needs a bigger club? He can be theirs for £80m 😉

  • 41 planbillytedbob // Mar 9, 2012 at 12:45 AM

    baro that’s great. they see themselves as a team who can offer consistent champions league football? with that horrendous squad and backwards dogleish. they’re having a laugh

  • 42 Thump // Mar 9, 2012 at 12:46 AM

    Don’t be silly planbilly – look at them! They’re right up there in the CL spo– oh wait…

  • 43 AndyMac // Mar 9, 2012 at 12:47 AM

    Good point Thump but do you think Spuds arent thinking along the same lines ?

    Less than five years or maybe six years ago we were in the top ten of the football rich list and Spuds were trailing in our wake.

    Now we’re £100m behind them (admittedly after their exploits in the CL) and not looking likely to close that gap any time soon.

    Dont get me wrong I know Fat Freddy screwed things years ago but Fatman has failed to address that imbalance (caused partly by his own naïveté) when he clearly had the wherewithall to do so.

    Yes Spuds have won nothing recently (but more recently than us) but they must surely be in a better position to be able to aim for the top trophies ?

  • 44 Thump // Mar 9, 2012 at 12:51 AM

    Not at all AndyMac, I’m sure it’s the first thought when they look at their finance sheets, but still we have a headstart and that could be our saving grace. If we keep building and turning a profit, it could be advantageous for us.

  • 45 AndyMac // Mar 9, 2012 at 12:52 AM

    To finish off – we are moving in the right direction BUT if you owned this club you’d have to be a tool to not do that otherwise where’s the resale value ?

    However with Pardwho in charge of team affairs and Fatman holding the purse strings I would say we’re ten years away from winning anything – mainly because I expect Fatman and Clueless to still be here in five years and another owner will need that much time to turn the ship around.

  • 46 planbillytedbob // Mar 9, 2012 at 12:52 AM

    Andy . i actually find myself liking you and agreeing with your points now you’ve explained but i can’t wholeheartedly agree with your original sentiment.

    i don’t think we will ever fully agree but i do respect your opinion and take on board what you’ve said.

  • 47 Thump // Mar 9, 2012 at 12:53 AM


  • 48 AndyMac // Mar 9, 2012 at 12:55 AM

    Thanks Plan B we can always agree to disagree 🙂

  • 49 planbillytedbob // Mar 9, 2012 at 12:58 AM

    now that’s finished im off to kip and dreams about us winning the Europa league next season 😉

  • 50 planbillytedbob // Mar 9, 2012 at 1:00 AM

    one last thought id like to see a.league of profit/loss as well as the turnover one

  • 51 AndyMac // Mar 9, 2012 at 1:02 AM

    and as for you Thump you bassa 🙂 I was going to bed when I read this shlte

    ““The naming rights is such a passionate thing. It’s not about being disrespectful or taking away the tradition or the history of the club – it’s about trying to get another Yohan Cabaye out there on the pitch. That’s how we see it”

    So if Fatman and Dobbin are the ACE BUSINESSMEN that some people claim why cant they extrude another £20m, 30m or £100m out of their marketing plans like Spuds and the BD’s have managed ?

    If you look at that table of club turnover even with a loss of £20m from CL turnover the Scousers and Spuds still manage to turn over more than we can and as far as I’m aware its still called White Hart Lane and Anfield ?

    Thats definitely it, good night gentlemen.

  • 52 Thump // Mar 9, 2012 at 1:19 AM

    Haha yeah, it raised my eyebrows too. If they’re trying to get another Yohan Cabaye on the pitch, does that mean they’re going to be selling the naming rights at about £5m a year? haha

  • 53 09nufc09 // Mar 9, 2012 at 1:27 AM

    the club now is in a far better shape both on and off the field from when ashley took over and i think MA has already said he dosent want his money back until the club is sold.
    we are now valued at 270 mil compared to 200 mil when he took over but we have no debt and have players worth alot of money compared to has been players on stupid wages that no other club would want to buy.
    the future is looking bright with graham carr spotting gems and the club investing 15 mil in young players for the reserve/u18. the majority of the first team are on long term contracts, we are sat 6th in the league 6 points off 4th (playing them next) and the mackems dropping down the table again.

  • 54 Sav // Mar 9, 2012 at 1:58 AM

    And Llambias never told a lie in his life. Can this be the same bloke who last year went running around the pitch in his pelt and this year launched a spittle-flecked tirade at fans telling them they wouldn’t believe how horrible him and Mashley could be? Is this the same pair who were found guilty of lying to the fans because it was expedient to do so, who lied to Keegan, to Big Al, who made Dennis Wise head honcho at the club and who insist on renaming SJP after a chain of sports shops?

    Its not all bad. Unlike dumb and dumber were in charge before, these two aren’t stupid. Pardew is a good manager and Carr is a good scout and the re-organisation of the playing staff and contracts has been root-and-branch. Even if we did have to get relegated to bring that about which cost the club millions.
    But leopards don’t change their spots and no amount of wishing will transform these two into the benign and efficient benefactors this article seeks to portray. Sorry, Ed, but these aren’t philanthropists.

  • 55 cupiddstunt // Mar 9, 2012 at 2:36 AM

    Andymac @ # 11/12

    You are to use one of your own descriptive words a prize dobbin, you are beyond a shadow of a doubt one of the biggest bellends that have ever posted on this blog.

    It’s truly sad to think that your bigotry and stupidity will never allow you to appreciate what is happening to this club you sad f**k.

  • 56 swoopingmagpie // Mar 9, 2012 at 2:44 AM

    is this resurrection for these ding bats

  • 57 RonVanDam // Mar 9, 2012 at 3:34 AM

    Nek minute another mad debate starts on this article

  • 58 LGFUAD21 // Mar 9, 2012 at 5:17 AM

    Liverpool have insane revenue streams because their fans are absolute noobs that will purchase any old tat with the badge on it. Its something I notices over Christmas while working in a store. A surprising amount of tacky wallets and god awful looking jackets (not because of it being Liverpool, they genuinely looked tacky as).

    Id be serving a 40 year old man with a mullet and some rubbish wallet and thinking “c’mon you’re a grown man, get a man’s wallet, not one which makes you look 10 years old”

    We toon fans do not buy into this sheeeeeeeeeeheight because we are classy. You could put a Liverpool badge on a polished turd and their fans would be lining up.

    You can tell a lot about a man by the type of wallet he uses (they bought some SH!TE music too).

    On a serious note, our revenue streams are bound to be down, our ticket prices are nothing compared to those other teams. The recession has hit football fans hard and Newcastle have been wise to offer these discounts. My mate has an emirates season ticket and he says it seems emptier each year (probably due to their excessive prices, because its an easy venue to get to being next to kings cross station). We need to sell stadium rights and the like just to make up for the lost revenue in gate receipts from these discounts.

  • 59 bills-son // Mar 9, 2012 at 5:56 AM

    Fans calling Llambias a prize bellend are no doubt the same fans who called Pardew a bellend when he first came. And they are just as wrong with Llambias as they were with Pardew. And as they were/are with Ashley.

    I have absolutely no doubt that Llambias’s looks are 90% of the reason – he looks like a useless second hand car salesman who is henpecked by his wife and gets his rocks off on grannies in benders. But there is an old saying – don’t judge a book by its cover. And when you look inside the Llambias book you see a different story. My agent mate (who works closely with NUFC) has repeatedly told me that Llambias is a top man, clever, straight with no airs and graces. Just like Ashley in fact.

    Yes they both made mistakes in the early days, especially Ashley who acted like a fan and not the hardnosed businessman he is. But they both learnt fast, decided to keep the club after relegation and since then these two guys have had their own bluepreint to bring success to our great club – and that plan is CLEARLY working fantastically well.

    What the majority of fans don’t realise, can’t comprehend, wouldn’t believe possible … is that Llambias and especially Ashley … are PASSIONATELY DETERMINED and HELL BENT on bringing a cup or better still a title to SJP (yes, even they still call it that as well) and bringing us that success ASAP within the financial structure they employ.

    Llambias has just said this in an interview ““If we lose on a Saturday, my wife just leaves me alone in the next room and Mike sulks in his house. That’s what happens when you get involved in something when you start to run and love a team and all the functions of our club.”

    Pardew has already said that Ashley was gutted and never spoke to him for three months after we threw away that 3.0 lead to WBA on the last day last season to finish outside of the top 10 and (especially) below the Mackems.

    These are the same reactions we fans have when we get beat. Reactions most fans don’t think ever enter the heads of Llambias and Ashley. Wrong again.

    We have NEVER had a better, more determined, more financially astute, success hungry owner of NUFC than Ashley in my 50 years as a Toon supporter. And he has only JUST STARTED on his trophy and title seeking mission.

    Just wait and see what happens in the summer. Ashley can smell blood now, he can see that a trophy and the Champs Lge might be closer than he thought – he trusts Pardew – he knows we have a very good squad already – and I reckon he will be hell bent on adding 3/4 top quality signings to make us real challengers next season.

    This is a fantastic time to be a Toon supporter. Any fan who doesn’t think so needs to see a shrink. You really do.

  • 60 Indian Magpie // Mar 9, 2012 at 6:15 AM

    I am off to see a Shrink

  • 61 shearermania // Mar 9, 2012 at 6:16 AM

    @billa-aon…well said…..this is great news for the club….about time we all forgive and back the board…

    we want them to succed…..all of us

    howay the lads….onwards and upwards

  • 62 shearermania // Mar 9, 2012 at 6:17 AM

    @indian magpie…..reading between the lines, theres something wrong with your head mate.

  • 63 Indian Magpie // Mar 9, 2012 at 6:30 AM

    When i read betwwen the lines, i only find empty white space. 😉

  • 64 Indian Magpie // Mar 9, 2012 at 6:31 AM


    I wrote only one line how did you manange to read between them.

  • 65 bills-son // Mar 9, 2012 at 6:41 AM

    Indian Magpie – you obviously haven’t been able to read between the lines on what is going on at NUFC.

    Still believing Ashley is taking our club backwards is definitely cause for a visit to the shrink.

  • 66 stephen1971 // Mar 9, 2012 at 6:43 AM

    Yea mike bought the club to destroy it , ffs wake up , the guy is a self made billionaire who,s forgot more about business than any of us will ever know, why on earth would he put so much into buying a club to destroy it ???????? he came with a plan and made a few mistakes and learned by them , now the club is doing well and long may it last,

    as for fans v club communication , if the money was yours would you come out and tell the world you,ve got millions to spend ????? i don,t think so, you know clubs would try and pull your eyes out if you did, oh and which other club do you know where the directors etc are coming out and talking of their plans ????

  • 67 Indian Magpie // Mar 9, 2012 at 6:55 AM

    i never siad about taking the club backwards, i am just not getting carried away.

    i hope you are billson, i really do, its the case of once bitten 2wice shy.

  • 68 bills-son // Mar 9, 2012 at 6:55 AM

    stephen1971 – spot on.

    The fact is though Ashley and Llambias HAVE COMMUNICATED clearly in the past what their plans for the club are – developing the youth system, signing good young players not aging trophy signings, not paying over the odds, paying transfer fees up front, rewarding good performance with new contracts, maximising revenue etc.

    It is just that fans (and the rag top press have ridiculed these comments and/or said they were just a front for selling our top players, signing kids, trousering the dosh, sticking two fingers up at the fans, with ambitions no higher than teetering above relegation every season.

    That of course is now being shown to be absolute bollox and the rantings of small minded bigots who couldn’t see the wood for the trees behind their blind hatred for Ashley.

    Ashley has CLEARLY & REPEATEDLY communicated his plan and strategy to fans – we actually ALL KNOW WHAT IT IS.

    Its just that previously 99% of fans thought it was gob$shite and wanted the ‘truth’.

    When in fact … Ashley was communicating the truth all the time.

  • 69 Indian Magpie // Mar 9, 2012 at 6:56 AM

    *i hope you are right* 😉

  • 70 gaz 44 // Mar 9, 2012 at 7:04 AM

    i think there still is a problem regards to communications i.e the sacking of houghton … prob turned out to be right thing to do but fans would of liked to have heard the logik behind it at the time

  • 71 shearermania // Mar 9, 2012 at 7:12 AM

    still dont understand the contunued hatred towards ahley and lambias…..its like some kind of self destuction…
    the reality is we will sell a good player come summer, perhaps tiote or cabye….but thats just business – if united, liverfool or city wants 1 of our players they pay the going rate thats it!!!!and then all the negative self destructive so called fans will be up in arms again…

  • 72 cyprus // Mar 9, 2012 at 7:22 AM

    Didn’t put a foot wrong with that spiel, Llambias. I don’t know about you but I’m coming round to Mike. The more I look at him the more he looks like a genuinely likeable guy, which is extremely hard to do when you are a billionaire. He tried to be one of the lads, he tried to listen to the fans (e.g. Keegan, Shearer, ‘I hear you, you want me out’, etc.) and he made his own mistakes too (Wise, Given, Milner, SJP, what else? water down the bridge…), and he got undeserved abuse (e.g. threats at his kids etc.) but he has stuck with the project. Like Ed said, you don’t get into football to make money and he is still propping us up with that little matter of 140 mil. So, Mike, if you read this to kill time (hope you don’t, frankly, given the abuse) here’s to you mate!

  • 73 cyprus // Mar 9, 2012 at 7:24 AM

    ‘under the bridge’

  • 74 shearermania // Mar 9, 2012 at 7:28 AM

    lot of love around here for the pie man…..could it be a turning point?

    waiting for the usual suspects to log on to have a dig……

  • 75 cyprus // Mar 9, 2012 at 7:39 AM

    good point on the self-destruction. Whether Mike is ‘good’ or ‘bad’ or not, treating him like the fans have, it’s natural that he would hate us back. (I would!) If we were all heading the same way he would throw even more money in the project. Just like all of us, when you are liked you bend over backwards to please the one who likes you.

  • 76 Colo-Sus // Mar 9, 2012 at 7:48 AM

    In the full Miror article he says ” a few names will leave in the summer”

    Does this mean NAMES ie stars? Or Just bodies

    I’m worried about Toite and Ba leaving if anyone stars go it’ll be them IMO

    God I hope not though that’d be much worse than Carroll

  • 77 planbillytedbob // Mar 9, 2012 at 8:06 AM

    anybody having a go at andymac for his original comments he explains himself later on and makes a good argument. he does initially look like an ignorant hater but he doesn’t resort to pure name calling when i question him.
    we are back where we began turnover wise (if his figures are correct).
    Andy does admit we’re moving in the right direction now though

  • 78 planbillytedbob // Mar 9, 2012 at 8:14 AM

    Colo calm down lol

  • 79 Colo-Sus // Mar 9, 2012 at 8:18 AM

    Haha sorry plan your right

  • 80 Ibizatoon // Mar 9, 2012 at 8:20 AM

    Weekend is almost upon us…can’t believe we have to wait until Monday for the game 🙁

    On the article….Was that Llambias actually saying they’d made mistakes? Before you know it they’ll be interacting with fans on a regular basis 😉

  • 81 Durham_Toon // Mar 9, 2012 at 8:22 AM

    What an absolute ball bag this guy is!

    “The owner doesn’t take a penny out, but that’s what people don’t believe. These figures show he doesn’t.” “We’re getting over the bad parts. We have apologised for the mistakes”

    The club owes him what, £140m is it? So he’s never going to want that back? It makes a mockery of these accounts as we’re still in £140m of debt!

    And apologised??? WHEN? Have you F! Even if you had you continue to do stupid things to antagonise fans, I firmly believe you’re doing it all on purpose to drop us in it when it suits you!

    The team is going strong, I like the manager and his staff but this guy and the fat controller will never win me over with false statements like this.

  • 82 WWJBD // Mar 9, 2012 at 8:25 AM

    There have been good things and terrible things under his ownership but its hard to fully judge it until its over

    No need to shout at each other for opinions though

    U like them, u question them or u hate them good for u ur entitled to ur opinion but ur not entitled to have everyone agree with u

  • 83 WWJBD // Mar 9, 2012 at 8:28 AM

    Only other thing I’d like to add is the club is not debt free its in debt to MA for 140 mill. If he wants that back he can take it whenever (and more worryingly however) he wants.

  • 84 Ibizatoon // Mar 9, 2012 at 8:29 AM

    But if people don’t agree with me how do I know I’m right?

    Ah well, voice of reason again wwjbd

  • 85 Ibizatoon // Mar 9, 2012 at 8:33 AM

    Agreed…we are obviously still in debt. I’m obviously not “in the know” with regard to how the figures have come about, however, I feel it is somewhat safe to assume that a lot of the “debt” would have been caused by the previous owner. The club needed cash and Ashley has put it in and apparently interest free. Yes he can, if he wanted, generate the funds to re-pay the debt, I can only see this happening if he was selling or once we were back on track and could somewhat afford it.

    Let’s hope it’s not a mass clear out of personnel. Only time will tell

  • 86 geoff777 // Mar 9, 2012 at 8:34 AM

    It’s great that the club are “balancing the books”.

    How the club deal with the 140M debt will be interesting.

    You don’t have to make this about personalities.
    Ashley & Llambias are temporary custodians.
    They seem to have learnt from their mistakes and that is good news for the club’s supporters.

    SJP is Ashleys stadium until he sells.
    He can call it what he wants. He can put up any advertising signs he can get planning permission for.

    It’s nothing to do with us – out of our control.
    Support the team and forget about Ashley & Llambias.

  • 87 WWJBD // Mar 9, 2012 at 8:35 AM

    Only when the day comes that ur heart goes up against that feather mate 😉

  • 88 davybtoon // Mar 9, 2012 at 8:35 AM

    Great interview if u ask me, yea we owe him 140mil but surely the plan is for the club to b running at a profit every year say 40mil this way we hav funds for players n Ashly can slowly repay himself , it’s not rocket sciences
    N all you lot goin on about trophies what did we win b4 Ashly nothing

  • 89 davybtoon // Mar 9, 2012 at 8:37 AM

    Make no mistake if Shepard was in charge there wud b no Nufc now

  • 90 Dannyo // Mar 9, 2012 at 8:39 AM

    When it comes to the debt, i doubt MA, if he’s smart about it, will take it out before the profits become quite substantial.
    Goal 1, get the club to live prospurus on its own money.
    Goal 2, get my money back without damaging the clubs process.

    I know it’s allot to expect from MA. But after 4-5 years, the money he put into the club are still in the club…

    On another note, being a manager of a business myself, i can appriciate how near miraculus this turnaround has been. Someone cutting the costs so substantially in a club, a football club, and not have it reflect on the pitch is a nigh miracle.
    It’s an expeptional feat indeed.

  • 91 davybtoon // Mar 9, 2012 at 8:39 AM

    We need European football for extra revenue

    Also romain alfantino is supposed to of now signed a 3 year deal

  • 92 davybtoon // Mar 9, 2012 at 8:44 AM

    I love the way we do business now if we want someone we get them for a great price n if someone wants our players they hav to pay stupid money for them,
    Dl makes a great point in the interview by saying we’re getting to a stage we’re players don’t want leave now they want to stay n that’s important

  • 93 davybtoon // Mar 9, 2012 at 8:46 AM

    N those little tramps pulling the signs down giving the rest of us a bad name

  • 94 Ibizatoon // Mar 9, 2012 at 8:48 AM

    European football has to be a goal. But we need to be careful as the squad will need strengthening and not just a CB and fullback. I would hope they have a good plan in place if we do qualify, we don’t want to be stretched too far and perform badly in the league, cups and Europe…it could hinder all of the positive work done so far

  • 95 Indian Magpie // Mar 9, 2012 at 8:59 AM

    The Bit with the 140 million debt was the best piece of business IMO

    why pay interest on debt when it can be moved in house, that i think has also saved NUFC millions. that can be paid off when club is in better shape (than what it is now)

  • 96 WWJBD // Mar 9, 2012 at 9:04 AM

    I would agree but if SportsDirect starts losing money or if he gets into issues with money then where will he be looking to get money from?

    I dont pretend to know what is in his head (nor would I ever want to) but time will tell how he sees NUFC

  • 97 davybtoon // Mar 9, 2012 at 9:05 AM

    Ibiza – the plan has to b to replace players like smith, lovenkrands, xisco maybe even see Simpson n Guthrie moved on n replaced with better quality, but then also can’t stress enough how important it is that Vukic, abeid, ferguson, tavernier, ranger, sammi, dummitt, streete any new youngsters who r ready r promoted to the first n used as that is how we make r squad stronger

  • 98 Dannyo // Mar 9, 2012 at 9:06 AM

    I really enjoyed that interview. It’s allot more revealing, imo, compared to the Q&A, i really do reckon at this point that thy’re learning how to handle stuff, and they’re well in control of things.
    A bit more communication would be nice, but on the player/manager side, it’s more than enough imo.

  • 99 Indian Magpie // Mar 9, 2012 at 9:07 AM

    Daniel Arnold ? @Dan_Arnold7
    Reply RetweetedRetweet
    FavoritedFavorite · Close Open Details So a major transfer has been sanctioned for the summer. The guessing games begin! @MsiDouglas #nufc

    Retweeted by Mark Douglas

  • 100 WWJBD // Mar 9, 2012 at 9:11 AM

    Romain Amalfitano 22 year old midfielder from the Ligue 2, 47 apps 6 goals really that good of a buy? Fully trust Carr’s scouting but will he be better than what we already have? He is best played central yes?

    Has Cabs, Tiote, Gosling, Vuckic and Abied plus either Guthrie or his replacement to compete with

  • 101 davybtoon // Mar 9, 2012 at 9:11 AM

    Can’t believe how some ppl can’t see how far behind we are from other clubs, teams like spurs, Chelsea, both Manchester clubs, arsenal n Liverpool financially r so much stronger in terms of sponsorship deals jus take Liverpool they get 40mill kit n shirt sponsor we get 5mill, man u get 40mil jus for the training kit sponsor

  • 102 Ibizatoon // Mar 9, 2012 at 9:12 AM

    Davy…Agree that we need to bring through some of the younger players, but it has to be a good balancing act. We will need top 6 next year, to do well in Europe (now win, but progress a reasonable amount). I would imagine the domestic cups would give the youngsters more game time.

    Hopefully with the addition of some quality, we can afford to introduce one or two youngsters without exposing ourselves too much

  • 103 jayphoto // Mar 9, 2012 at 9:12 AM

    really think that MA and DL have improved in their decision making over the last few years! They’ve obviously learnt about football and more importantly Newcastle united the hard way, but gotta say, im well proud that our club is up competing with chelsea, arsenal and liverpool the right way, looking to bring young players through and live within its means! Its probably time to forget about the past when it comes to MA, lets be honest, he’s taken everybodies worst in terms of anger and abuse and he’s still here, he’s not gonna sell up any time soon, we may aswell enjoy whatever success we have!

  • 104 Dannyo // Mar 9, 2012 at 9:14 AM

    Ofc, that’ll always be the backside of things, but he’s doing well so far, and climbing the lists instead of sliding down them.
    But things can turn quite quick at times if u’re not investing safely over time.

    I remember MA buying the “No Fear” brand, oh, how i’d love to see that on the NUFC shirt.
    Mr. T with “No Fear” on his chest… I’d love it 🙂

  • 105 davybtoon // Mar 9, 2012 at 9:15 AM

    Dannyo it’s great interview great insight into how we do transfer n deal with agents, great how if we offer a final deal n they reject it if they come back we lower it

  • 106 Ibizatoon // Mar 9, 2012 at 9:15 AM

    Davy…We were relegated 2/3 seasons ago, of course we’re behind those other teams you mentioned. I think our new model will enable us to start building towards that level again. We already seem to have jumped the other 13 odd teams in a season and a half…give it time and I think it will come good

  • 107 jayphoto // Mar 9, 2012 at 9:16 AM

    @wwjbd – I think its more of a case that amalfitano fits the type of player carr likes, he’s quite quick, very strong technical ability, good passing, vision etc! Think he’s coming in to replace guthrie who i imagine will leave! Down here in birmingham, theres massive rumours linking villa with Guthrie in the summer, wouldn’t surprise me!

  • 108 WWJBD // Mar 9, 2012 at 9:26 AM

    Thats the key issues with my feelings towards the ownership I just dont trust them, they will do good things but there almost always is a piece of crap waiting round the corner.

    I would be disappointed if he is Guthries replacement tbh I think we could be after bigger fish for that now we are pushing for European football.

    I can see Guthrie going to Villa tbh but am not really that bothered look at them and look at us if he wants to go there then good luck to him but he might want to see how Barton is enjoying life right now 🙁

  • 109 Rotonda heights // Mar 9, 2012 at 9:40 AM


    You conveniently forgot the 30M parachute payment we got and the record number of times we were shown on sky in our relegation season.

    Ashley & llambias admitted they made mistakes but i dread to think where we would be now if shepherd was still here because he was using fans money, not his own like ashley does. Lose the blind bigotry and hatred and try and be objective.

  • 110 AndyMac // Mar 9, 2012 at 11:00 AM

    Blind bigotry or just seeing beyond the spin and bullshlt ?

    £140m is owed to the Fatman so we still have more debt than before he arrived. How we got that far into debt is down to the Fatman pure and simple, dont know any other way to spell it out.

    As for the most appropriate name on this blog – Cupidstunt 🙂

  • 111 cupiddstunt // Mar 9, 2012 at 4:01 PM


    Blind bigotry is correct you are not approaching this with an open mind at all, we were buying players on the promise of paying for them with future earnings.

    We were still paying for players that had left us and gone on to other things it was well documented that owen, viduka and others were still being paid for long after they were gone from the club.

    Most of the club assets were mortgaged and the debt was on an upward spiral.

    So the debt was something that was building long before MA bought out SJH and FS.

    £70 million of debt had to be cleared when he first took over the club MA didn’t gripe overly much he said he did not do due diligence and then put his hand in his pocket and paid the £70 mil off.

    Yes mistakes were made and we were relegated but instead of selling off the big wage earners as other relegated clubs do to reduce the costs he only let go those who wanted to go, kept the core of the team together and we were back up the following season at a canter.

    Ha said when he first took over that he wanted the club as a figurehead for his business on a global front and he acknowledged this was not a money making decision so was prepared to fund the club to £25 to 30 million a year, that is meet the losses annually up to that amount.

    So as such the success of SD is intrinsically linked the clubs success.

    The fact that you appear to take offense at almost every action that the board take is why I say you are a blind bigot, you refuse to accept that anything that has been done by this board will amount to anything.

    It has been said on more than one occasion that MA’s loans ( £140 mil.) will only be recovered when the club is in a position to repay it without hurting or when it is being sold.

    From top to bottom the club is better positioned that we have been for many a year and you still complain.

    The bulk of your argument is based on conjecture whereas the bulk of mine is documented hence fact.

    To quote you “ BTW that Judas Carroll should have been in ” ” as I’ve never seen AC as a traitor just part of Fatman’s cunning master plan to fool an awful lot of Mags at the same time ”

    Carroll was in the office demanding a new pay rise three months after penning a new “ living the dream” 5 year deal.

    The board refused £30 mil for a player that was prob worth £8 at a stretch Liverpool came back with a 35 mil offer Ash demanded all up front no staged payments pool agreed what more do you want.

    The “Fatman’s cunning master plan” I think shows the mentality you possess.

    D’you still believe the world is flat?

  • 112 geordiejamie89 // Mar 9, 2012 at 9:22 PM

    I have to say I mostly agree with cupiddstunt. Newcastle do look to be going in the right direction. And with the league and European competitions starting to become harder for the bigger clubs, Newcastle could be in with a shout in a competition in the future. The top four to roll off most people’s lips a few years ago: Man Utd, Liverpool, Chelsea, Arsenal. Now, I’d have to say ask me at the end of the season. I’m happy with Newcastle these days. Newcastle’s upper level have done well with selling and buying, and the clubs finances. I just hope we can improve some more in the summer, it would be nice to sign a couple of players. A little bit of wise spending and hard training over the summer, and Newcastle will reap the rewards. And if any of the Newcastle staff are thinking about signing another Michael Owen or Xisco, or Alan Smith, come see me, I might not be qualified but I’m also not that daft. Over and out.

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