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View Full Version : toon in good financial shape .why are they struggling



toonfalifekevbrown
09-01-2014, 03:09 PM
neil cameron - view external link (http://www.chroniclelive.co.uk/sport/football/football-news/neil-cameron-newcastle-united-good-6482817)

toonlegend
09-01-2014, 03:14 PM
where do they get the idea he wants the debt to himself repaid???

none of the money taken by him so far has been offset against the debt. it still stands as it was, if not higher.

the only time it will be repaid is if he can on someone to pay the full value of the club plus the debt

toonfalifekevbrown
09-01-2014, 03:18 PM
free adverts ,he will be in no hurry to get someone else in for adverts around the ground ,not while he pays fok all.

ex_pat_magpie
09-01-2014, 06:35 PM
free adverts ,he will be in no hurry to get someone else in for adverts around the ground ,not while he pays fok all.

As usual many more feasible questions than feasible answers. That is what is the sad state of affairs.

kilsby
09-01-2014, 06:37 PM
free adverts ,he will be in no hurry to get someone else in for adverts around the ground ,not while he pays fok all.

I don't think MA is that bothered about taking money out of the club.

He could easily let NUFC invoice Sports Direct 10m for ground advertising. Sports Direct would have a tax allowable advertising expense and it would therefore cost Sports Direct 7.5m, he could then pay 10 million back to himself from his loan account!

2.5m saved! However he maybe thinking more of the club than we think, as by not charging the club for advertising he is reducing the profits of the club and therefore the corporation tax liability of the club!

I think this idea of MA taking money out of the club and raping the club etc., is ludicrous and extremely naive. The man has put boat loads of dosh in and has every right to get some cash back when ever he wants.