Lee Charnley has spoken – well not exactly spoken – but he’s written something to fans following Newcastle’s release of their financial results for the year through last June 30th.
They are excellent results with the profits after tax being at a massive £32.4M.
Of course most of us are very worried right now that it’s almost certain we will be relegated this season to the Championship so good financial results mean absolutely nothing to the faithful fans – in fact it makes things worse.
Managing Director Lee Charnley – bland message
Here in what the Managing Director has said:
“We appreciate that, at the present time, football results and not financial results are what our supporters want to see from us.”
“That said, it would be wrong for the Club not to acknowledge the submission of our accounts for the period July 2014 to June 2015.”
“We understand, however, that what you want to see are results on the pitch. There are still 21 points to play for and lots can, and likely will, happen over the next seven games.”
“We, of course, acknowledge the seriousness of our situation. However we must remain positive and retain the belief that we can secure our Premier League status and we are doing everything we can to support Rafa and the team.”
While I could blast the incompetence of the Board, that’s all I seem to be doing these days, so I’ll refrain from doing that.
We need to support Rafa Benitez and the players 100% – and hope he can somehow achieve a miracle in these final seven games.
Comments welcome
58 comments so far
Lee Charnley Bunga Party
Apr 6, 2016 at 12:54 PM
Comment #1Balance sheet champions for the 10th year running then …..
FrankfurtMag
Apr 6, 2016 at 12:58 PM
Comment #2I love a profit record, I do. It beats a Beardo and Cole for sure. I put it on a par with a Shearer and Ferdi.
Howay the profits!
NezzaNUFC
Apr 6, 2016 at 12:59 PM
Comment #3Imagine how much Newcastle will gain when relegated?
A lot of first team players will be gone and probably double there valuation when bought!
It’s a win win for Lee whilst we are the one’s who suffer!
Jail for Ashley
Apr 6, 2016 at 1:05 PM
Comment #4Well the fat man has proved a profit can be made out of a football club alveit at the cost of its sporting identity. All hail Mike Ashley lets chip in for a brinze statue. I would gladly mind if the fat greedy fcuker was entombed in it.
Ron Knee
Apr 6, 2016 at 1:08 PM
Comment #5Pass the sick bag.
Jail for Ashley
Apr 6, 2016 at 1:14 PM
Comment #6Is he going to lend us more money to get out the Championship, he’s in a tight spot now. If he doesn’t put money in he has to have a huge clear out. If he does that he’s left with a pitiful U21 squad languishing third bottom of the second division. How will he go about getting his money back if he puts in another 50M. There’s going to be some interesting times ahead. Will be good watching him squirm just a shame that it’s the club and fans that have to suffer the most.
Jail for Ashley
Apr 6, 2016 at 1:15 PM
Comment #7I winder if Mikey flew in to celebrate the win.
WWSBRD
Apr 6, 2016 at 1:21 PM
Comment #8Nezza
Think ur a bit wide of the mark there bud, we go down Newcastle will gain nothing
Lee is praying we stay up much like the rest of us because by all accounts he had no plan in place for relegation which will likely mean fire sale not auction
WWSBRD
Apr 6, 2016 at 1:23 PM
Comment #9Tbf looking at the squad I won’t be too upset by any of them leaving regardless of what league we are in next season
Lee Charnley Bunga Party
Apr 6, 2016 at 1:27 PM
Comment #10I wonder when the club will seriously look at planning for relegation ?! Who is going to scout the players that we need for that division ?
As far as I can see near enough every team in the top league has organised their pre season but we dont seem to have any tournaments booked ?
barkel
Apr 6, 2016 at 1:30 PM
Comment #11if we’re playing championship next year I would imagine the following players would be trying for moves
Krul
Mbemba
Janmatt
sissoko
wini
tiote
sdj
perez
cisse
mitro
hibbitt
Apr 6, 2016 at 1:31 PM
Comment #12anyone who can be sold will be sold relegation will throw a spanner in the works with this profits melarkey ….charnley will not be so smug in future
Lee Charnley Bunga Party
Apr 6, 2016 at 1:36 PM
Comment #13@Barkel
Out of that lot I would only want to keep Krul , Mbemba, Perez , Mitro and possibly SDJ and Wini depending on fitness and attitude levels
The rest can all go for me
Lindisfarne
Apr 6, 2016 at 1:37 PM
Comment #14I doubt a celebration in a brewery is not on the cards, but not for the lack of league points.
WWSBRD
Apr 6, 2016 at 1:39 PM
Comment #15Keep Gini? Why? One of the most disappointing signs we’ve made for years
Lindisfarne
Apr 6, 2016 at 1:41 PM
Comment #16# double negative.
Apologies
Jail for Ashley
Apr 6, 2016 at 1:44 PM
Comment #17None of us know what will happen if we go down and I doubt very much if the goons running the show do either. The last time he literally tried to sell everyone and realised he couldn’t so put in 50M to pay them all. I’m not sure if he’s prepared to do the same again.
Lee Charnley Bunga Party
Apr 6, 2016 at 1:47 PM
Comment #18@Jail for Ashley
So do you think we will be starting a new five year plan when we go down then?
Would not surprise me if Colocinni or Beardsley are the new head coach come next season
manxpie
Apr 6, 2016 at 1:50 PM
Comment #19Gini has been lost since he was moved from being out on the left in fact I don’t think he’s scored since
De Jong surely must get a chance now front four of
——————mitro—————–
Gini———–De jong——–town send
Sisko as an impact sub
WWSBRD
Apr 6, 2016 at 1:50 PM
Comment #20JfA
Where do the club go if he won’t put money in again though? The club ‘owes’ Ashley about as much as it’s worth at this point and we don’t actually have that much to sell, asset stripping has already started he just hasn’t got the buyer yet, players values won’t be high anymore, youth set up is incredibly bad so we can’t afford to rely on them and sell the entire first team
I don’t see where his other option is
Graeme
Apr 6, 2016 at 1:50 PM
Comment #21Jail – Unfortunately the Rotund one is between a rock and a hard place, both of his own making!!
He either stumps up the money to get us out of the Championship or he kisses goodbye any chance of getting his loan repaid.
I guess he could always hold Penfold and the Board responsible and recoup his money from their performance bonuses!!!!
toon kk
Apr 6, 2016 at 1:52 PM
Comment #22Martoon
From previous thread,
You dangerously starting to sound pessimistic mate. !!!!!!
But tbh I’ve said that all season, we just can’t be motivated, lack quality and for what ever reason even our best player’s aren’t giving 100%.
Unfortunately we will go down, one man (Rafa) for all he has class experience is just to little to late.
posada
Apr 6, 2016 at 2:05 PM
Comment #23We are due to get 80 million from the Prem League shortly in addition to these figures.
Interesting. That’s the exact amount this self supporting net work of fools spent in January, in a pathetic last attempt to save themselves.
Jail for Ashley
Apr 6, 2016 at 2:11 PM
Comment #24I think Cathro will be the manager next season.
Jail for Ashley
Apr 6, 2016 at 2:13 PM
Comment #25The most frustrating thing about the whole thing is like the season we finished fifth there was money there to buy more than just Anita and last summer there was funds there to hire a top manager but they went for the cheap unambitious option which has cost us dearly.
LGFUAD21
Apr 6, 2016 at 2:13 PM
Comment #26NezzaNUFC
You might be on to something.
With the books now well in order. Even if we get relegated we’ll be worth more than last time based on potential.
I dont think the relegation will hit us drastically financially like some have suggested. Providing we can get value for players.
We will have parachute payments of £25m about £30m in cash reserves (if I’m reading the accounts correctly) and through the sale of:
Gini
Krul
Sissoko
Janmaat
Shelvey
Perez
Other deadwood
We can raise about £60m in cash.
In total thats about £95m.
That should easily be enough to build a great Championship side…..oh wait we’re run by Charnley……
Here’s what’ll happen…
We’ll get relegated we’ll bring Sammy back and appoint Agent Bruce.
hibbitt
Apr 6, 2016 at 2:13 PM
Comment #27Jail for Ashley
not sure he is up to it !!
LGFUAD21
Apr 6, 2016 at 2:15 PM
Comment #28Jail for Ashley
Aye.
Everyone knows you dont bulk up your squad for Europa. But you should always be looking to improve it.
Even if since that season we only replaced leavers adequately and added 2 £10m solid signings per window we’d have been in a better state.
Jail for Ashley
Apr 6, 2016 at 2:16 PM
Comment #29Graeme,
He really is mind. Does he stick or twist, a firesale and selling us for 60/ 80M might bring him 120M is in leaving a loss of around 140M over nine years.
Graeme
Apr 6, 2016 at 2:36 PM
Comment #30Jail, Hopefully, he is going to realise that his best option is to give whatever it takes to keep Rafa in charge. Penfold can be a Clerk, Carr can be a Scout and Moncur can go back to “Glad-handing” in the posh seats.
Everything related to “Football” becomes Rafa’s remit. Penfold organises what Rafa wants and needs, to the best of his ability.
If Rafa dictates who comes, who goes – from First Team to Under 12’s, including Coaching Staff, we will come back as a far, far better equipped club than we are today.
FCB would see the Club Value rocket and he should then bail out with most of his investment back.
NezzaNUFC
Apr 6, 2016 at 2:39 PM
Comment #31LGF
My point exactly mate, Newcastle will have a lot off £ for the Championship and probably why this isn’t bothering me if we get relegated.
I’ve said a few times the Championship could be what we need to build a fantastic young squad with a young hungry manager.
Lee Charnley Bunga Party
Apr 6, 2016 at 2:41 PM
Comment #32Whatever happens I hope the club now realise their arrogant stance and stupid policies have not worked so it should be now time to rip up the blue print and actually look at how other better run clubs who have a lot less resources than we have had !!
Imagine Southampton had spent 120 million in the last 2 seasons under Koeman with only really selling one star player (Cabaye!) they would have won the league this season already!
toon kk
Apr 6, 2016 at 2:43 PM
Comment #33MA won’t sell up when we’re relegated. He’ll want us back up, he’s not a quitter.
Whether the board have enough off to bring in the correct players and a manager good enough to motivate a club which has a cancer within remains to be seen.
NezzaNUFC
Apr 6, 2016 at 2:43 PM
Comment #34In the mean time I think Newcastle need to off load every player except
Perez
Armstrong
Mitrovic
Mbabu
Chancel
Aarons
But no doubt we will keep
Colback
Dummet
And other reserves
YoungMagpieFromBurnley
Apr 6, 2016 at 2:44 PM
Comment #35Championship team:
_____________Elliot
NewRB_Lascelles_Mbemba?_Haidara
________Colback_Anita
NewRM_______NewCAM_______Aarons
___________Armstrong
Cathro manager.
Probably finish around 13th.
Toonces
Apr 6, 2016 at 2:46 PM
Comment #36I think some of the drop off in Wijnaldum’s form, especially in the second half of the season, can be partly attributed to coming in from a league that takes a true winter break. It seems several players that come in to the PL from the continent have a drop off in performance after Christmas during their first season or two. Also why you need a core of dependable proven premier league players to provide consistency.
Wijnaldum is not a poor player. At the start of the season Mourinho commented on top class players at clubs where they wouldn’t normally have signed. Wijnaldum was an example he specifically mentioned (Max Gradel at Bournemouth another). I think he is a good player who is playing poorly, just as much of the team is doing.
I certainly expected more from Wijnaldum and I think the Ashley culture within the club has sucked him in to its black hole. I was hoping he would be a player who could help improve the culture in the clubhouse but with retaining want-away Colo as captain, having the failed, uncharismatic McClaren as manager, the dithering board of directors, surprising lack of accountability within the club from top to bottom, has Ashley’ed Wijnaldum and so many others.
YoungMagpieFromBurnley
Apr 6, 2016 at 2:46 PM
Comment #37Actually, watch us re-sign Mcclaren. That wouldn’t be surprising.
NezzaNUFC
Apr 6, 2016 at 2:47 PM
Comment #38Young magpie why spoil it with a 4231 formation lol
Lee Charnley Bunga Party
Apr 6, 2016 at 2:51 PM
Comment #39@YoungMagpie
Actually wouldn’t surprise me if the club moved for Pardew once he has been sacked by Palace at the end of the season…..
NezzaNUFC
Apr 6, 2016 at 2:51 PM
Comment #40Tonces
It’s a myth mate on that aspect of continent players!
It’s been an excuse for many years but I don’t see WHU, Southampton, Man City etc, etc complain!