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Ashley May Not Have Money To Invest In January



Joe Kinnear has been making some strange comments this morning about Mike Ashley’s finances, and could it be that Ashley has no money to invest in the club in January, after all?

joe-kinnear-erte

Joe Kinnear – squad may not be strengthened in January

Joe Kinnear said today:

“Michael has cracked a bone in his foot and he’s on crutches,” “I’ve spoken to the doctor and he has told me that it’s going to be between six and eight weeks, which is another massive blow for us.”

“To make matters worse, we think Joey Barton has broken the dreaded metatarsal, which will be between ten and 12 weeks.”

“It’s unbelievable how much bad luck we’ve had. That’s the way it been going for us, week in, week out, day after day, these are the problems we have to cope with.”

“I was disappointed with the way we played in the first half because we didn’t create much, but at least we competed a lot better in the second half.”

“The biggest problem is we have to constantly chop and change things, we’ve never had a settled side and we had to do that again tonight when Joey and Michael got injured.”

Despite all the news coming out of Newcastle United over the last 29 days, we still have only one new player in, and after listening this morning to what Joe Kinnear is saying about Mike Ashley’s finances, it seems like he has no money now to invest in the club.

The news this morning on Toulouse full-back Albin Ebondo is that the move is in danger of collapsing, after the French club raised the asking price for their 24-year-old.

We are starting to give up on there being any new faces in before next Tuesday, with presumably the money we get for Given and maybe even N’Zogbia being used to shore up things financially at the Tyneside club.

We don’t know this for certain, but Joe is making some odd comments about Ashley losing so much money in the credit crunch.

What a way to run a football club, and this is starting to remind us of what happened at Leeds United a few seasons ago, which would be a complete and utter disaster for Newcastle United.

But as we said we’re not exactly sure what’s happening at the club – but what’s new about that?

Comments welcome.


307 comments so far

  • sirjasontoon

    Jan 29, 2009 at 12:06 PM

    Comment #161

    RyanToon // Jan 29, 2009 at 12:03 PM

    i like kinnear because he took us when noone else would, i think that is a good reason!

    MY GUT FEELING IS MIKE WAS NOT PREPARED TO PAY FOR A TOP MANAGER…MONEY TALKS.

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  • sirjasontoon

    Jan 29, 2009 at 12:07 PM

    Comment #162

    By the way I wasn’t shouting : )

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  • murphy

    Jan 29, 2009 at 12:07 PM

    Comment #163

    Dear Mike Ashley,

    Could you put the toon back up for sale?

    Your’s faithfully,

    A depressed toon fan.

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  • Jay K

    Jan 29, 2009 at 12:08 PM

    Comment #164

    JK dont care about us he like most ov the players there he does as they say and gets his money.

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  • StevieB

    Jan 29, 2009 at 12:08 PM

    Comment #165

    Even more worrying is the fact the Fat B has offered a 2 year extension on JFKs contract. WIMBLETOON? More like WimbleDOON if we dont bring quality players in now

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  • toptoon

    Jan 29, 2009 at 12:09 PM

    Comment #166

    the bloke is worth 1.4 billion in brittains rich list man!! im sure he’s got 20 million spare to save the f*ckin club!! this is a joke man!!!!

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  • sirjasontoon

    Jan 29, 2009 at 12:09 PM

    Comment #167

    Team-Useless,Injured,Losers
    Transfer Policy-Zilch
    Manager-Dinosaur,Old Fashioned,Liar,Out of Depth
    Lambias-Shhhhhhhhhhhhh
    Wise-Don’t get me started
    Ashley-Liar

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  • workyticket

    Jan 29, 2009 at 12:10 PM

    Comment #168

    Everybody’s so quick to blame Kinnear, but we were completely robbed yet again last night despite an admittedly poor start. Opposing players now think they can pull down Newcastle players whenever they like in the box without the slightest fear of a penalty.

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  • Brettoon

    Jan 29, 2009 at 12:11 PM

    Comment #169

    sirjasontoon –

    Ashley-Liar!!

    Understatement mate

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  • Stuart79

    Jan 29, 2009 at 12:11 PM

    Comment #170

    Kinnear and Ashley out

    We need a decent manager and a owner who has some money.

    We’ll be relegated with Kinnear in charge so we’ve got nowt to lose!

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  • Brettoon

    Jan 29, 2009 at 12:11 PM

    Comment #171

    Workyticket –

    We were completely robbed…

    No mate… we were sh1te

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  • sirjasontoon

    Jan 29, 2009 at 12:11 PM

    Comment #172

    Bret I wanted to swear but bit my tongue haha

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  • Stuart79

    Jan 29, 2009 at 12:13 PM

    Comment #173

    Workyticket- We weren’t robbed, we just don’t creat any chances.

    I’m sick to death of blaming the ref all the time. Every game we lose the ref always gets it!

    Well how about the fact were not good enough and we have a manager who is out of his depth.

    Not his fault it’s just the way it is

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  • sirjasontoon

    Jan 29, 2009 at 12:13 PM

    Comment #174

    workyticket // Jan 29, 2009 at 12:10 PM

    Everybody’s so quick to blame Kinnear, but we were completely robbed yet again last night.

    Look at the stats last night we had 1 shot on target and they had 7.

    Man City could of had a penalty as well…I watched the game on the net and we where utter pap.

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  • beyethegreat

    Jan 29, 2009 at 12:14 PM

    Comment #175

    http://savenewcastle.com/

    this is our only option

    people say ashley should sell but know 1 wants to buy us

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  • Brettoon

    Jan 29, 2009 at 12:14 PM

    Comment #176

    Sirjasontoon – haha

    Stuart – Agreed mate… Always blaming the ref when in the first half we didn’t creat ANYTHING.

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  • hitman

    Jan 29, 2009 at 12:15 PM

    Comment #177

    we had 2 shots on goal,thats not the refs fault

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  • sirjasontoon

    Jan 29, 2009 at 12:16 PM

    Comment #178

    Mike has failed to assemble a team that can be classed as mid table…even hull are a more attractive proposition than newcastle..and Wigan for Fk’s sake it is just embarrassing.

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  • Tom1664

    Jan 29, 2009 at 12:18 PM

    Comment #179

    12.06 Toulouse defender Albin Ebondo has told skysports.com that he is hopeful his move to Newcastle will come to fruition.

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  • sirjasontoon

    Jan 29, 2009 at 12:18 PM

    Comment #180

    I just feel that Mike has totally neglected Newcastle since his arrival…now the chickens are coming how to roost…or is that vultures.

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  • sirjasontoon

    Jan 29, 2009 at 12:18 PM

    Comment #181

    home to roost : )

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  • murphy

    Jan 29, 2009 at 12:18 PM

    Comment #182

    Dear JFK,

    What happened to the two very expensive loan signings?

    What happened to the 10million transfer kitty?

    What happened with M’bia?

    What happened with no players leaving?

    What happened with extending the squad?

    What happened with the 2 year contract?

    what happened with Given not leaving?

    What happened with Owen definatly signing a new contract?

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  • Stardust

    Jan 29, 2009 at 12:19 PM

    Comment #183

    I awoke from a deep sleep, NUFC were financially crippled, wages were 70% of turnover which meant we would lose money again this year, no money for signings – as we can’t add to the wage bill, I asked why we were like this.

    Because we were on the Bus to oblivion being driven by Shepherd was the answer, he has taken 35million in dividends when we had lost 55million – Oh I exclaimed.

    On speaking to bystanders I was told the club were paying the conductors were getting paid 80k a week but they has stress and couldn’t work, the mechanics were on 70k a week, but didn’t like oil, others who were on similar wages just weren’t performing. They looked closer and saw that all the money in ticket sales had been removed from the Bus company as dividends, nothing was left. The passengers asked where are we headed, “Leeds is just ahead” was the reply. I looked out of the window, I could see the Leeds Hilton Hotel, just beyond it Leeds Station and Leeds University, it was true, the tachograph also told the same story.

    Well just turn the bus back to Newcastle I said to the passengers, we cant, no-one can do it, the engineers wont engineer, the driver is taking us there, and the conductor just can be bothered. Employ someone else to do it, we cant came the reply we cant afford any wages we are imploding and going to crash.

    Suddenly a multi-billionaire called Mike stormed onto the bus, he was an expert engineer and he could drive, albeit a car but he hadn’t driven a bus before.

    So what of this new driver – Apparently he has cleared out all of our debt from his own pocket – impeccable pedigree, he has shown himself to be incredibly successful.

    Yes he has cleared off the debt, we’ve seen the buses account, but we hate him – he is just going to make money out of us shouted the passengers, “Sorry” I exclaimed “I don’t understand”. We were going to crash and he is steering us to safety. Don’t Care – came the reply, get more people on the bus, but how? We have no money, don’t care get more people on the bus.

    Mike slowed the bus and started to turn it around, Mike being an expert looked at the paint, he had his best coachworkers look at the bus. “Bodge came the reply. The chassis is rotten, the suspension cant take this load, the engine is lazy and sluggish yet incredibly expensive to run, in fact the whole bus is being held together by its Shiny Red Paint.

    Mike used to be a strong and wealthy man, but in between buying the bus and starting to mend it he had lost most of his wealth so he didn’t have the money to put things right the way he wanted to, he envisaged fun and jy at owning the bus, reality was settling in.

    “We hate him” the passenger shout, in looking at the chassis he scratched and chipped the paint. And now he is throwing the staff off, he says he doesn’t want them as they are lazy, always off sick, he wants to make the bus go faster with a new fuel in the engine, a fuel that is a mix of youth and experience.

    The freeloaders were thrown off, Mike stripped off the thin veneer of paint, and found rust everywhere, he stripped it all out until it was back to bare metal. He started rebuilding the bu, he brought in cheaper but more eager and better skilled workers. He could not do it all at once as the lazy underperformers had long contracts, removing and replacing staff was an almost impossible task that had to be handled carefully.

    Mike eventually got the steering working, the bus had a direction again, the new youth fuel showed great promise, the experience mix, at the right price was harder to find, Mike knew not to buy the wrong or expensive to run fuel or his bus would grind to a halt, he was prepared to run light for a while and only add people to his bus that would make it run faster. As the bus travelled back to Newcastle the panels were all new, the chassis firm, and they knew things were being put back together. The new windows went in, the seats were replaced, and they scoured the world for the best staff who would work for reasonable wages. They couldn’t afford anything else.

    As they approached Newcastle and drove over the tyne bridge, a team of engineers on the bridge marveled at the new panels and improved chassis, Mike shouted that he would improve the engine even more in time, the windows gleamed, the bus was solid, it was able free of some of the lead weight able to move and turn quicker.

    As the past the engineers as crowd gathered – “Where’s our red Paint” they screamed, the red panels were replaced by a stealy grey metal finish, mike couldn’t afford to add the finishing touches, he had been rebuilding the chassis and mechanics first.

    Wheres our Red paint – a Mob gathered. Mike came out he made a statement, produced his figures, explained he had a limited budget. The Crowd were incensed. Wheres our red paint.

    One of the gathering crowd threw a brick and smashed the windscreen, taking mikes attention away from the road, the engineers screamed “ no the bus is starting to work now you need patience, it’s the only way” the mob didn’t hear it was furious.

    A second brick, a third and a barrage. The bus windows and panels smashed, the wiring and seats were ripped out, the tyres slashed, then a petrol bomb, Mike didn’t know what to do. As the mob pelted the bus he was sad as they had simply misunderstood. Perhaps if I had told them exactly what I was doing he reflected – maybe he was right.

    Mike tried to sell the bus, he couldn’t no-one would buy it, so he thought he would put it back together, he knew as he was an engineer, the only way to make it work was to start with the chassis again, when Wise man Shepherd came to his side. “Paint it red son, Paint it red – forget your new fuel, forget the chassis, the passengers are happy with getting from A to B, and you can take as much as you want from the club with a bright red bus, they just hope to get to the journeys end although we never do, and when we nearly got to leeds you turned us around”

    Mike believed passionately he wanted to get to many journeys ends and see great things, he knew that started with getting the right people on the bus, he knew how to build a real bus despite everyone telling him he didn’t know how. He knew engineers built things that lasted forever and other engineers would appreciate what he would done, in time those who simply wanted red paint would have to understand – a bus needs something that holds it together.

    Mike went back to his bus, the crowd were there, painting the rusting shell and burned out wreckage bright Red, even though the bus could no longer move.

    The crowd looked at Mike and realised that the bus chassis, even though burned was stronger than a year before.

    Question – do you want Mike to build the chassis and add the staff and fuel it can afford over time to get to many happy journeys end – or do you want the bus painted red?

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  • Macas35

    Jan 29, 2009 at 12:19 PM

    Comment #184

    We should have had a penalty but they had 2 shouts for a penalty too, although I didnt think the one involving Bassong merited one. We can talk about buying in defenders but to me we need to go for broke and bring in some attacking flair and talent. An attacking midfielder, a quality winger and another striker is essential. We will always give goals away. We need to ensure we can beat teams at home by outscoring them, and just maybe we might have enough to stay up.

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  • NorthernPaul

    Jan 29, 2009 at 12:20 PM

    Comment #185

    Murphy:

    It was all lies mate. The entire club just lies all the time.

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  • Stuart79

    Jan 29, 2009 at 12:21 PM

    Comment #186

    Murphy – Nail on the head mate!!!

    He’s a disgrace any way we look at it.

    If he’s saying it of his own back or if he’s being a puppet for Ashley.

    Either way it’s ridiculous!

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  • Born Again Geordie

    Jan 29, 2009 at 12:22 PM

    Comment #187

    I fuc*ing hate the depression this man has brought to our club – we are in free fall and gathering speed !!!

    Talk about light at the end of the tunnel – it’s just fuc*ing collapsed AGAIN !!!!!!!!

    Someone help us FFS !!!!!!

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  • sirjasontoon

    Jan 29, 2009 at 12:22 PM

    Comment #188

    Stardust can you arrange for Mike to be run over by the Magic Bus please?

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  • the holy grail

    Jan 29, 2009 at 12:24 PM

    Comment #189

    to all you freddie lovers!!

    “the Shepherds have made ?8,351,298 from Newcastle United, ?5,489,239 in share dividends and ?2,862,059 in salaries. In 2005, Shepherd’s annual salary from the club was £552,954[2].” this is all money he took from the club OUR CLUB why didnt he waver his dividends and reinvest them in the club . . . because he was out for every penny he could get. he was paying his brother for consultancy fees . . for what it was just another way to get money out our club.

    In March 1998, Shepherd and Douglas Hall were the target of a News of the World exposé, led by the “Fake Sheikh” Mazher Mahmood. The pair, believing Mahmood to be a wealthy Arab prince trying to set up a business deal, were caught mocking the club’s own supporters for spending extortionate amounts of money on merchandise, calling female supporters “dogs”, and mocking star striker Alan Shearer by calling him the “Mary Poppins of football”, all while frequenting a brothel.

    Amidst heavy media coverage, the Newcastle Independent Supporters Association and the then Minister for Sport, Tony Banks, called for the resignation of the pair[3]. Although reports from sources close to Shepherd initially indicated he was contractually unable to resign, he and Hall had both left their posts within two weeks of the scandal breaking.

    His general approach to running the club, as well as the ongoing fallout from the News of the World story, earned Shepherd a number of unflattering nicknames such as “Fatty Shepherd”[1],the “Fat Controller”[2] and “Baron Greenback”[3].

    “Only ten months after resigning, Shepherd and Hall, the majority shareholders at Newcastle, voted themselves back on to the board. This led to the immediate resignation of the PLC chairman David Cassidy, who had taken the position just six months earlier. Shepherd then went on to take over as PLC chairman”

    this is off Wikipedia and even they know what he is like. you all say he loved the club why would you buy shearer for world record and then grief him to a bloke you dont know. ALSO HE WAS RECORDED ON VIDIO SAYING HE WOULD CARRY OWEN BACK TO LIVERPOOL after he spend 17mil on him. the bloke is a joke he made nufc a joke and i am ashamed he is a geordie.

    “In his 2005 autobiography Sir Bobby Robson provides detailed criticism of Shepherd’s chairmanship, claiming that while manager he was denied information regarding the players’ contracts and transfer negotiations. He also criticised Shepherd and Douglas Hall, the club’s deputy chairman, for their focus only on the first team and St James’ Park, causing them to neglect less glamorous, although equally important, areas such as the training ground, youth development and talent scouts. The club’s training ground has been notorious in the past, due to its unkempt state, for causing injuries to first team players[7]”

    from the man himself, who wanted carrik but got butt because fat fred wanted him . . .is this a bit familiar yet no one went on the way they do about wise.

    “Following the defeat to Sheffield United on 4 November 2006, more than 2,000 fans protested outside St James’ Park, calling for his resignation[9]. Websites such as True Faith and United For Change led a supporter campaign against him. Protests were again held after the club’s defeat to Blackburn Rovers on 5 May 2007, after which Glenn Roeder resigned.”

    such short memories!!!!!!!!!!!!!

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  • Stuart79

    Jan 29, 2009 at 12:24 PM

    Comment #190

    Stardust – I didn’t get passed the first paragraph as you bore me to death!

    He didn’t pay of the debt because he wanted to he had to!

    Oh and by the way, were still in debt, were just in debt to a big fat tosser who has no idea how to run a football as big as this.

    Oh and another thing. We would never have been another Leeds because we have the potential turnover to service the debt like every other club in the world!

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  • sirjasontoon

    Jan 29, 2009 at 12:25 PM

    Comment #191

    I want a starting 11 to challenge for uefa cup…is that to much to ask for?

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  • beyethegreat

    Jan 29, 2009 at 12:25 PM

    Comment #192

    lads lets try and be cheerful

    q.what is the worst that can happen

    a.relegation

    what is my point i dont know

    oh yeah try and be cheerful even if there is nothing to be cheerful about

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  • Chizzy_Toon

    Jan 29, 2009 at 12:28 PM

    Comment #193

    This says it all about any possible transfers:

    “You need finances to do that.

    “With the credit crunch being the way it is, and the fact he has put in £260m into the club and £100m in for wages, Mike Ashley has done the best he could.

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  • Stardust

    Jan 29, 2009 at 12:28 PM

    Comment #194

    Stuart79 – Ignorance is bliss, we were technically insolvent, i show you up every time on financial and business arguments so stop your lies and be still

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  • Dragonera

    Jan 29, 2009 at 12:29 PM

    Comment #195

    Stardust & the holy grail

    There is no point, ignorance is bliss on here.

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  • NorthernPaul

    Jan 29, 2009 at 12:29 PM

    Comment #196

    Stardust:

    All very well mate, nice cut and paste.

    It wont help when we’re in the frigging lower divisions, and our better players have left though will it.

    We need a compromise. We do actually NEED a little bit of red paint. If you cant see that, then you’re deluded.

    None of us are asking for 200million to be spent, all we want is the obvious gaps filled in the squad.

    We want to stay in Englands top league. We dont demand to win it. Not right now anyway. All we want is the club to put out a team which will avoid relegation.

    As it stands, we are going down. You can repair your fu!king bus all you want, but to plan for the long term, you have to put things right in the short term otherwise it is pointless.

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  • dougnufc

    Jan 29, 2009 at 12:29 PM

    Comment #197

    I really wished Keegan would not have walked us out.

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  • sparko

    Jan 29, 2009 at 12:30 PM

    Comment #198

    stardust we will be the most insolvent team in the championship at this rate what are your thoughts on that you pri#k

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  • Stuart79

    Jan 29, 2009 at 12:30 PM

    Comment #199

    Freddy Shepherd said something very telling yesterday for once.

    “You can’t make a profit out of a shambles, and in my opinion Ashley is trying to do just that”

    Well said Freddy!

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  • toonarmyuk

    Jan 29, 2009 at 12:31 PM

    Comment #200

    Well, whether or not I believe it I’m not sure. But Kinnear quoted as saying that Man City have offered 5m “and not a penny more”. Also he says he’s confident that Ebondo will come to the club, and that Toulouse have upped his price from 2.5m to 3m.
    Surely another 500k is worth it to get this lad in!?!?!
    It sounds like they are making out that the Given negotiations will run right up to the window, which would give the club an excuse not to spend the cash (no time to!).

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