The Huge Disconnect Between Ashley And Newcastle Fans

It was a strange day indeed yesterday for Newcastle United, as they released what on the surface were stellar financial results with record revenues of £129.7M and record profits of £18.7M, but the odd thing was the talking point was that there was close to £30M costs for last year not yet accounted for in the high level figures that were released.

Cardiff City v Newcastle United - Premier League

Mike Ashley – out of touch with what fans want and need

More detailed figures are needed, and there are a number of areas where the extra costs could have been incurred – like paying for the new (world-class) Benton Training facilities, although none of the £129M loan from Mike Ashley was repaid by the club.

Sadly that would indicate Ashley has not plans to leave Newcastle any time soon.

The many questions now being asked by fans is how with an increase in revenue of £33.8M, we made only £9.8M more in profit in this financial year, than we did last year when we made £9.9M.

Newcastle are 3rd in the Premier League Money League in terms of profits behind Everton at £28.2M and Manchester United at £23.9M.

And there is a hint that Newcastle took some extra costs to keep the profit down, after not buying one single player in the last financial year and selling Yohan Cabaye for a hefty £20M.

Note there is nothing illegal here, and financial figures can be manipulated by taking costs when you are flush with cash.

Yet when we look at where Newcastle are in what really matters as a football team – in the league and in the cups – we are nowhere.

Newcastle are currently in 12th place in the league and struggling in 2015, when we have won only 2 games in 12 and lost seven of them.

And we are likely to be overtaken by both Everton and West Brom in the final eight games of the season unless we can start winning some games.

And in the cups we were beaten again in the 3rd round of the FA Cup but it wasn’t by a lower league side  this time around.

That has happened three times in the last five years, but this season we were beaten by Leicester City, who are rock bottom of the Premier League and almost certain to be relegated.

So on the playing side of things it is not good, and Newcastle are paupers when it comes to how good we are on the pitch.

We dare say that if Newcastle’s football fans were bankers they would have been happy at the results released yesterday.

But they are not, and some of the most passionate football fans around have been starved of success for far too long, with an owner who isn’t bothered about winning trophies – only about making money.

And that’s why we still have a big problem at Newcastle, and there is a huge disconnect between the Billionaire owner and the Geordie fans.

There is a huge gap – and it’s called ambition.

Unless Mike Ashley changes his ways or sells the club to somebody who vows to take Newcastle back to where we belong in the top reaches of the Premier League – we are in trouble – however much money we make every year.

That’s the big problem at Newcastle – the management is out of touch with their customers – and that’s never good.

Comments welcome.

Note: Mark Hammell is an avid reader of the blog and he has signed up for 7 endurance events totaling over 600 miles, after he has just recovered from a serious ACL injury.

Mark is doing this to raise money for the Sir Bobby Robson Foundation. Here is Mark’s Justgiving page – see if you can help him out and help Bobby’s Foundation.

You can follow us on our three social media sites.

9 comments so far

  • Ibizatoon

    Mar 31, 2015 at 9:02 AM

    Comment #1

    Morning all,

    I’ve been thinking things over, as per usual.

    A point on the accounts. Whilst I appreciate the club don’t legally have to, and they have certainly fulfilled their legall duties with regards to the accounts to date, but given the lack of trust and bad feeling with fans, why on Earth, if there was nothing to hide, would the club not break the accounts down properly, with proper explanations?

    One credibe reason, other than, “they don’t have to” would be great.

    As always with this regime, I have hit the point of if all is hunky dory, as claimed, then why not go over board to prove it?

    Don’t want to? Why? Just makes me think they can’t.

    As BandB has said (well, along the lines of), why bother to try and communicate with us, when we feed ourselves the reasons in the first place. By saying nothing, they can’t do anything wrong and people can prove nothing.

    Just speculation and it isn’t fair to beat the club with speculation, no, we should always “wait and see” as that’s what real fans do.

  • BoyDoneGood

    Mar 31, 2015 at 9:10 AM

    Comment #2

    That’s right – why not wait and see when it’s only a matter of a day or two. What would a Machiavellian club owner gain by keeping a secret for an extra day?

  • Jail for Ashley

    Mar 31, 2015 at 9:11 AM

    Comment #3

    The last two times we have been knocked out of the FA cupt third round it has been against PL opposition rather than embarrassing exit to lower league teams, the PL teams in question both got relegated rock bottom of the league mind.

  • BandB

    Mar 31, 2015 at 9:11 AM

    Comment #4


    Why should offer an excuse like “it’s the training ground” which could be examined, scrutinised and picked apart.

    They can say nothing, knowing from experience that fans will invent an explanation for them that allows fans to rationalise away any nagging feeling that they are being royally rogered in return for their Saturday day out.

  • Jeff from Benwell

    Mar 31, 2015 at 11:42 AM

    Comment #5

    Best comment in the last 24 odd hours since the Accounts hysteria kicked off was by Pawl250

    “People with little knowledge making very big assumptions because they want something to moan about or like to create a conspiracy.”
    Which one is BandB and which Jesper ?

  • GeordieTwo

    Mar 31, 2015 at 9:09 PM

    Comment #6

    There is nothing wrong with asking for a detailed breakdown of what the club’s costs were and why we only had and 18.7M pound profit. There is also nothing wrong with speculating about the reasons. We do it all the time on here. We speculate about where we’ll finish, who will score etc/ etc. Most on here know the owner is not trustworthy and has no interest in football. I’m sure hiding profits is something he does every year with his tat shops. But we’ll see what the club has to say and judge then. Make it good Mike. It’s going to have to stand up to a lot of scrutiny.

  • GeordieTwo

    Mar 31, 2015 at 9:10 PM

    Comment #7

    Come on Mike, share the details with us. We know you have a spotless record for telling the truth after all.

  • GeordieTwo

    Mar 31, 2015 at 9:17 PM

    Comment #8

    In fact I have to say I love a good bedtime story from Mike The Weasel Ashley. It goes something like this.
    Once upon a time there was a brilliant northeast club named Newcastle United just sitting there ripe for the picking. While the owners were having medical problems I slipped in there and tempted them sorely with golden treasure. They quickly nodded their greedy heads and happily left. I moved in with the best of intentions before realizing this football malarkey is different than sports tat. I quickly hired some shoddy pals to run things the way I’m used to but the Geordies screamed and cried. Ah well it’s turning a nice profit now and I am living happily ever after. The end.

  • GeordieTwo

    Mar 31, 2015 at 9:19 PM

    Comment #9

    That’s the touching story Mike tells all his friends. All 2 of them.


You must log in to post a comment.