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MP Chi Onwurah Meets With Ashley – Some Confusing Statements In Times Interview



Newcastle Central Labour MP Chi Onwurah’s constituency includes St. James’ Park and she has been interviewed in the Times today.

She has been trying to talk to Mike Ashley about the running of Newcastle United for many years and finally got an invitation to meet the owner Mike Ashley last Saturday.

That probably means that Ashley will not be selling the club anytime soon and he may take the club off the market soon.

The invitation was for a meeting with Mike Ashley and some of his people before the game last Saturday when we hammered Cardiff City 3-0: our best win of the season.

There will soon be a parliamentary debate in the House of Commons about the owner’s running of the Newcastle United and his unwillingness to invest in the club.

Onwurah has said she was not convinced by Ashley’s explanation of why he will not invest in the club.

This is some of what Chi Onwurah has said in the Times today:

“It’s clear he feels very strongly in his own defense, so it’s not a matter of indifference to him that he’s seen as the cause of Newcastle’s malaise as well as seen as undermining the city and asset-stripping the club – that matters to him.”

“He and the people around him think he’s the victim of misrepresentation, that he hasn’t taken any money out of the club.”

“We disagreed strongly.” “He didn’t convince me.”

“Most worrying, in my view, is that he has no intention of investing significantly into the club.”

“He said to me at one point, ‘Would you put all your money into it?’”

“But this isn’t just any company, it’s a huge part of our city.”

“I would have recognized I was buying a cultural asset that required investment.”

“One of his people said, ‘But he has invested’.” “Buying the club wasn’t an investment, it was buying something.”

“Giving the club loans isn’t investment.”

“Mr. Ashley said the club can only spend what it generates but, as I’ll say in the debate, that is a form of austerity economics — a club needs investment to reach its potential.”

There are some confusing statements from Chi Onwurah.

What we need Mike Ashley to do is to invest the club’s money that it generates as a business.

We really should not be talking about Ashley’s own money, and he has already invested some of his own money into the club.

That’s to the tune of about 125M over the years at zero interest rate to the club.

It’s the club’s money he’s unwilling to invest – that’s the real problem here.

And if Newcastle suddenly pays Ashley £125M to settle the loan that’s not the owner taking money out of the club;  it’s Newcastle United FC paying off what they owe to the owner.

We shouldn’t be confusing Mike Ashley’s own money and the club’s finances; the detailed financial accounts of which come out at the end of every fiscal year.

Ashley has said he will give every last penny the club generates to Rafa.

If he did that we could have had a good team by now.

The point is he hasn’t done that.

As the world’s 19th richest club last season – based on revenues generated of £178.5M – we should be able to invest decent money in buying some good players.

Other clubs with less money seem to be able to do that.

Comments welcome.


168 comments so far

  • geordietom

    Jan 24, 2019 at 12:59 PM

    Comment #81

    bambams …

    your comment proppa bloke…

    only when i take my meds mate lmao…

    1
  • bettyswallocks

    Jan 24, 2019 at 1:00 PM

    Comment #82

    Lovem or Hatem…….. I don’t think Mr. Ashley is overly concerned about whether or not he’s welcome in Newcastle. I don’t think it’s one of his favourite destinations.

    What would concern him is strong and sustained disruption of Shyte Direct in particular his supply depot at Shirebrook.

    2
  • Lovem or Hatem

    Jan 24, 2019 at 1:04 PM

    Comment #83

    @ betty

    I agree that sustained disruption aimed at sports direct (store and shirebrook) will be the best thing to do.

    0
  • geordietom

    Jan 24, 2019 at 1:04 PM

    Comment #84

    i’ve got a theory about toon22 …

    the more hearts he gets on here the more frequent his posts become …

    so stop hearting the frog lmfao…

    1
  • Lee Charnley Bunga Party

    Jan 24, 2019 at 1:05 PM

    Comment #85

    @Bambams and RobLeenio

    Its what I have never understood at anytime in his ownership he has had the power to change the way the club is run, actually properly communicate with the fans and could have easily had us challenging at the top end of the table while still making a profit.

    Even the model of buying younger players from foreign leagues to develop and sell on for a profit could have worked properly if it hadn’t been done half arsed!

    Everything has always been done half arsed without the drive or commitment needed to follow it through.

    2
  • bettyswallocks

    Jan 24, 2019 at 1:12 PM

    Comment #86

    Lee Charnley bunga……. Nail on ‘t head there.

    1
  • Lee Charnley Bunga Party

    Jan 24, 2019 at 1:13 PM

    Comment #87

    That’s why he is going nowhere could you imagine how much of a fool he would look if we got a new owner in who actually realised this clubs potential?!

    He would be such a laughing stock !

    0
  • SPRINGY

    Jan 24, 2019 at 1:13 PM

    Comment #88

    Bambam what ya been doin with ya leg?

    1
  • c-dog

    Jan 24, 2019 at 1:20 PM

    Comment #89

    geordietom

    I think the most pressing issue at hand is Mike Ashley’s continued ownership of Newcastle United.
    The toon22 agenda of yours is getting old.

    8
  • WarrenBartonCentreParting

    Jan 24, 2019 at 1:24 PM

    Comment #90

    Unfortunately we will have to take several steps backwards before we can move forwards, lose Benitez, lose our best players and drop a couple of divisions, that way NUFC will be a weight round Ashley’s neck. Currently Ashley is gambling.. with Sky TV money and the Premiership the stakes.. he is already resigned to losing Benitez in the summer, he is just praying Benitez has the self respect to keep the current squad in the division for another season of big bucks..

    0
  • Rotonda heights

    Jan 24, 2019 at 1:24 PM

    Comment #91

    lovem or hatem

    don’t think he gives a rats, not as if he lives in the area

    0
  • geordietom

    Jan 24, 2019 at 1:25 PM

    Comment #92

    c-dog …

    as jail said its a forum for people views on what they want to say …

    and i put it in as a joke…

    not my agenda seems more like you getting brainwashed off the frog …

    i rest my case m’lud

    2
  • Lovem or Hatem

    Jan 24, 2019 at 1:26 PM

    Comment #93

    I see the latest LB to be linked is Jordan Lukaku

    1
  • Lovem or Hatem

    Jan 24, 2019 at 1:26 PM

    Comment #94

    If Ashley doesn’t care about coming to Newcastle, why did he turn up for the Cardiff game?

    2
  • c-dog

    Jan 24, 2019 at 1:27 PM

    Comment #95

    geordietom

    refer to him by his proper title please, The Messiah

    3
  • bettyswallocks

    Jan 24, 2019 at 1:28 PM

    Comment #96

    Sheikh mealy or shake my lie whichever is most appropriate will probably become even more stubborn after being discussed in parliament as he did last time he was asked to give explanations.
    He is most definitely a disestablishmentarian.

    1
  • c-dog

    Jan 24, 2019 at 1:28 PM

    Comment #97

    Ashley’s model to make a profit through transfers is well and truly gone.
    If he’d implemented the current model(invest as little as possible to finish 17th), then Big Sam would surely still be in charge

    0
  • hibbit

    Jan 24, 2019 at 1:28 PM

    Comment #98

    Zele sorry for late reply

    i know nothing about this years episode of fakeover and even if i did i wouldn’t share.

    0
  • geordietom

    Jan 24, 2019 at 1:28 PM

    Comment #99

    c-dog …

    lmfao mate …

    0
  • RobLeenio

    Jan 24, 2019 at 1:37 PM

    Comment #100

    @ kacper Tylenda, here’s one for you mate – Alex Hurst from Tru Faith looking for a website designer

    https://mobile.twitter.com/tfalex1892/status/1088409487290044416

    2
  • hibbit

    Jan 24, 2019 at 1:37 PM

    Comment #101

    usually one the more reliable publication shttps://www.shieldsgazette.com/sport/football/newcastle-united/newcastle-clinch-loan-deal-for-striker-report-1-9555394

    1
  • toon22

    Jan 24, 2019 at 1:38 PM

    Comment #102

    Gerordietom is sounding very pro MA

    It’s never MAs fault

    2
  • manni

    Jan 24, 2019 at 1:39 PM

    Comment #104

    Looks like we are getting Lukaku’s brother…left back at Lazio on loan ….

    https://www.hitc.com/en-gb/2019/01/24/report-newcastle-agree-deal-to-sign-jordan-lukaku/

    0
  • geordietom

    Jan 24, 2019 at 1:39 PM

    Comment #105

    shields gazette is saying we have signed jordon lukaku on a loan he’s on his way to ST.JAMES

    1
  • toon22

    Jan 24, 2019 at 1:40 PM

    Comment #106

    MA actions have show he dislikes

    Being confronted in person
    Protests in the ground
    Protests at Shirebrook
    MPs

    2
  • toon22

    Jan 24, 2019 at 1:41 PM

    Comment #107

    I really can’t get excited at any loan deal
    It’s simply more money for MA to trouser

    2
  • c-dog

    Jan 24, 2019 at 1:41 PM

    Comment #108

    jordon lukaku

    christ almighty

    1
  • geordietom

    Jan 24, 2019 at 1:41 PM

    Comment #109

    toon22 …

    stfu …

    geordietom hates ashley what part of hate dont you get …

    3
  • toon22

    Jan 24, 2019 at 1:42 PM

    Comment #110

    It’s also funny how you always get a PR response to anything involving the HMRC

    Hmmmmmm……..

    3
  • toon22

    Jan 24, 2019 at 1:42 PM

    Comment #112

    Ok

    0
  • toon22

    Jan 24, 2019 at 1:44 PM

    Comment #113

    Is that what “ every penny” gets you with about 100 million in the bank ?

    1
  • Jib

    Jan 24, 2019 at 1:45 PM

    Comment #114

    From Jordan’s Wikipedia page

    “Newcastle United
    In January 2019 he agreed to a loan move to Newcastle where he became an instant hit and club legend scoring a brace on his first appearance and going on to score another seven and assisting twelve saving Newcastle a season”

    ha ha ha

    2
  • toon22

    Jan 24, 2019 at 1:46 PM

    Comment #115

    If MA claims he’s not taken money from the toon
    I say the HMRC needs to check for theft

    Money has gone somewhere and our owner seems not to not know where it’s went

    3
  • Lee Charnley Bunga Party

    Jan 24, 2019 at 1:46 PM

    Comment #116

    https://www.youtube.com/watch?v=8-zn6lsY9AI

    Hes like his big brother in so many ways ! Tall , strong , quick but a little clumsy on the ball….

    Very attack minded though

    1
  • RobLeenio

    Jan 24, 2019 at 1:46 PM

    Comment #117

    Well, I’ll welcome him with open arms and cheer him from the rafters, but he’s hardly one to set the pulses racing. He’s the required cover at left back, so that’s a positive.

    1
  • Jib

    Jan 24, 2019 at 1:47 PM

    Comment #118

    Loan to buy
    He is Romelu’s brother
    A left back

    1
  • toon22

    Jan 24, 2019 at 1:47 PM

    Comment #119

    Every penny

    0
  • Frank pingles come sock

    Jan 24, 2019 at 1:47 PM

    Comment #120

    Gianluca Di Marzio
    ?
    @DiMarzio
    Deal done @J_Lukaku94 to @NUFC on loan from @OfficialSSLazio @SkySport @SkySportsPL @SkySportNewsHD @SkySports

    267
    1:16 PM – Jan 24, 2019
    Twitter Ads info and privacy

    0


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