Another loan

[Geordie1974]

After borrowing money to buy Almiron it seems another loan has been taken out.

https://www.themag.co.uk/2019/09/com...castle-united/

[ex_pat_magpie]

After borrowing money to buy Almiron it seems another loan has been taken out.

https://www.themag.co.uk/2019/09/com...castle-united/

I wonder why Ashley has reverted to this strategy having in the past insisted on paying everything up front and also made public views on this..

[TheOtherTerryMac]

He took £33 million out last year. Borrowed the money for Almeiron of Barclays PLC

Now another loan after supposedly having £30 million left in the transfer budget

[AP69]

Another obstacle ready for the inevitable failed potential takeover next year

Mike's tried his best but hes only worth £2bn, how can he compete etc etc

[Geordie1974]

Another obstacle ready for the inevitable failed potential takeover next year

The new rumours will be due end of next month.See the mackems are on the verge of being taken over.See what can happen when something is for sale.Now do the Ashley lovers that say nobody has offered the asking price believe us when we say Newcastle United is not for sale.

[AP69]

The new rumours will be due end of next month.See the mackems are on the verge of being taken over.See what can happen when something is for sale.Now do the Ashley lovers that say nobody has offered the asking price believe us when we say Newcastle United is not for sale.

Itll never be for sale while hes got free advertising and all shirt sales going to him
Plus the £185m the club made last year

Mind you we did have a net spend of £25m

Hes trying his best

[toptoon]

Could be that the recent bid got a bit too close for comfort to succeeding and so he’s tacking on more debt to the club to make SDFC has even less value to any potential buyer.

[Geordie1974]

More than likely trying to make the books look better than what they are.He said anyone can have an independent auditor go through the books.Read earlier that some think this is the case.If so has more money gone than what we all bar a couple of numpties think.
Personally I think Mr Ashley might be in a bit of bother,if not financially,certainly through his dodgy way of doing business.
That's all I can think of,unless he got Banksy to do the recent artwork on the Milburn/Gallowgate corner and he is feeling the pinch.