sorry
but if the northern monkey wants to start up a co operative and ask investors to join in and bbuy the club that lad from ant and dec will have some time on his hands and i hear he is a toon supporter
i never understand why when you have so many supposably passionate geordies and rather succesful ones as well why theydont buy their club
Because as everyone on here and his dog has explained. Ashley made a big boo boo when he bought the club by not doing due diligence and he won't admit his mistake and swallow what he didn't know he was going to have to pay for.
Therefor why should any one be made to pay for his stupid, greedy mistake.
It's been explained on here time after time after time, and still some people can't grasp it.
He's increased the debt and expects others to pick up the bill. The club has (supposedly) been for sale for 9 years (he's announced it on three occasions) so he's either asking too much or it isn't for sale. It really is that simple.
Greed.
Let's just hope that if he does sell, it's to people who want to take the club forward and also have a major contingency plan(s) for failure to achieve it in any attempt(s).
Now ask yourselves some questions.
How can we hope to achieve this any differently from what's happening as of now?
1. Hope to get in an owner who is willing to bankroll the club on top of what it makes, without any detriment to the overall structure of it. And I don't mean just bricks and mortar.
2. Owner/s that will... at the very least allow the club to run from in house revenue accumulation and also allow any future transfer fees to also be put back into the betterment of the squad.
Let's hope it's one of those that still guarantees the long term future of the club in the higher echelons of the football leagues.
I don't need to spell out the rest of what can happen on a take over that doesn't meet this criteria...but I am willing to bet that it would constitute fans (admit it or don't) wishing they'd never cut their own noses, ears, eyes off/out, to spite their own faces with the current ownership.
there are not many clubs recently whos debt hasnt increased
look at wba
scumberland etc
how much has it increased by ??
The club at 300 mill is a bargain
it has to be as the new owners will need to spend a fortune to get their investment back
buying the toon and making it competitive for europe etc is a 500-750 million pound investment
to get us into europe where the money is even ash would need to spend 150 mill plus and hope all goes well
its not ash not wanting to sell its those that want to see the books look at the market and then get cold feet
believe me you could make a lot more return on 300 mill than buying a footy club
and i just feel after the world cup will be the time someone like abramovich or the city boys will get the buzz and want to buy a club and have fun
if we get an invetsor wanting a return we already have that
because buying the club is the easy part
300 mill is a few players
buying a squad to get you a return is the hard part
with average players costing upwards of 30 mill and a couple of top players 70-100 mill plus wages etc the heavy spending comes from player recruitment
why buy a club for 300 mill to just finish top 8-15 none
wages from turnover about at least 60 percent wil be playes wages more in some cases ,other expenditures and you dont get a lot of return for your 300 mill
its not the asking price its the investment after that
and then it is a gamble
and investors dont like to gamble on something they cant control or have no effect on