web analytics



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

  • DubaiMicky

    Jan 24, 2019 at 2:19 PM

    Comment #161

    These journalists and everyone we’re allegedly linked to – what do they know eh?

    Or the Toon supporting ones keep it quiet.

    0
  • wynsleap

    Jan 24, 2019 at 2:22 PM

    Comment #162

    It’s all well and good Ed saying that if we pay Ashley £125m “it’s not the owner taking money out of the club but it’s Newcastle paying off what they owe to the owner. Sorry but it IS if that happens and then his asking price for a proposed takeover NEVER drops (and sometimes increases). How can anyone justify how this guy runs our beloved club?

    7
  • RobLeenio

    Jan 24, 2019 at 2:22 PM

    Comment #163

    bettys, as I remember it there was a Sunderland player in court accused of rape, part of his defence was that the girl was well known for sleeping with footballers, there was a threesome mentioned as part of the evidence which involved the girl and happened within a couple of days after the alleged rape.

    Mbabu was one of the players named in the threesome.

    I think one of Rafa’s faults, though I think it’s also a strength in many ways (at least the players know where they stand), is his stubbornness over discipline. This incident was all over the local press, poor behaviour in the public eye. If it was a one-off then he may have got away with it, but we don’t know if this was just the tip of the iceberg and Rafa’s final straw.

    0
  • c-dog

    Jan 24, 2019 at 2:23 PM

    Comment #164

    Jesus lads, come on. This is an absolute bum of a signing. What are you supporting?

    1
  • bill

    Jan 24, 2019 at 2:34 PM

    Comment #165

    I wonder if this kid is on Rafa’s list.

    0
  • toon22

    Jan 24, 2019 at 3:24 PM

    Comment #166

    Every loan deal means that bit more can be trousered by MA

    We’re a shambles

    0
  • BANDWBURNABY

    Jan 24, 2019 at 5:15 PM

    Comment #167

    Bet fatty daren’t go down Bigg Market for a pint now
    We really should be grateful to Mike Ashley
    1 He bought the club off a man in hospital
    2 He brought us relegation twice in a very short time
    3 He brought us exciting football the other years as we were fighting relegation
    4 He decorated S.J.P. with Sport Direct ads & didnt charge the club
    5 He hired a man who signed players off U.Tube behind managers back
    6 He hired clowns for managers
    7 He fired a very successful manager Chris Houton for no reason
    8 He fired a player Gueterez for having the nerve to have cancer
    9 He has been dragged into court by manager & player because of conduct & lost both
    10 He has lied repeatedly about supposedly sales for 10 years, usually about transfer window time
    11 He has sold every quality player we have had & not replaced them
    12 His idea of a team splurge is a pizza night out for players
    13 He has us as a favorite for relegation again
    14 One of largest grounds in land with massive following but he pleads poverty & wont spend on players
    We really have a lot to be thankful for. I am sure a lot of you can expand on this list but its quite a start

    2
  • Moonraker15

    Jan 24, 2019 at 5:29 PM

    Comment #168

    Memo to Chi Onwurah
    What you don’t seem to have sussed is, he’s a fcukin LIAR!!!

    0
1 3 4 5


You must log in to post a comment.