Derek Llambias admits that Mike Ashley and his cohorts at Newcastle started their tenure off poorly, and we have to agree with that, as they made almost every mistake in the book, and after two years had Newcastle relegated in May, 2009, after Alan Shearer had come in but couldn’t save his hometown club from the drop.
Derek LLambias - we’re plugging away
But since those dark days of the summer of 2009, very dark days in fact, Newcastle have made a spectacular come back to the big time, and we were promoted from the Championship with a fantastic 102 points in May of 2010, finished in 12th place in our first season back in the Premier League, and then last year were 5th top, and we’re back in Europe, and in just over three years we’ve only had a couple of managers – and good ones in Chris Hughton and Alan Pardew.
Derek Llambias told some home truths yesterday when he was interviewed after the Wonga deal was announced:
“We started off poorly. I came in after the first year: I picked up from there and it’s been a difficult, difficult period.” “We’ve been plugging away, slowly. You don’t understand what we’ve done – we’ve done a good job. We’ve been realistic about what this club can do and what it can do in the future.”
“Financially we are stable and we will get stronger and stronger. Financially we don’t take anything out of the club, remember that. We don’t charge the club any interest on the loans – we’re not interested in that. What we want to do is bring something to the club and eventually, with eight years’ stability, hopefully we’ll do that.”
“You have to understand, we’ve got an owner who’s not used to failure. What we’ve got now is a very good format moving forward.”
The Newcastle hierarchy are definitely trying to build stability into the club, and financially we are in as good a shape as any club in the Premier League at the moment, and at least financially Derek Llambias and Mike Ashley have done very well indeed over these last three years, excellently in fact.
And Derek, who is essentially the lead executive at the club, will run the club as a non-profit organization, he’s said that many times before.
And that means that any profits we make in the future, will be re-invested back into the club, and that’s a great way to run Newcastle, because as we get more successful – hopefully – Alan Pardew will see a lot more transfer money available to him to bring in better players.
That’s the hope in any case.
Bear in mind that in the last financial year we have records for, which is 2010-2011 – we lost only £3.9M, so profits cannot be too far away, especially with this new Wonga deal just being struck.
If only the two at the top at Newcastle could loosen the purse strings just a little bit in January, so we could get two top players through the door – that would be very good.
But they will not do that – so we’ll just have to see what we can do in the transfer market come January.
We need a couple of defenders, and a good striker to come in to strengthen the squad.
What do you think about this?
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