Everyone's favourite MDIt’s been report that Derek Llambias, Newcastle United’s ever-popular managing director, has invited the Newcastle United Supporter’s Trust, or NUST as we know them, to a meeting to presumably discuss their intended buyout plans.
It seems apparent that he called for this as soon as the ‘Yes We Can’ campaign was launched, so clearly while others are sceptical about it, the board are taking it seriously enough. As it turns out, the NUST have turned down his request to meet before our game against Preston, and Neil Mitchell spoke on behalf of the NUST to say:
“Any negotiations conducted un behalf of the Yes We Can campaign will be conducted with the full knowledge of our potential investors and the fans in general.
“We see no benefit in meeting with Mr Ashley or his representatives until the campaign has fully got under way.
“The idea of the campaign is to bring trust and integrity back to the club, reflecting the values of the city as a whole.
“It will be conducted in the full glare of publicity I am sure and we want to ensure that our people, including investors and potential investors, know what is going on. Deals in smoke-filled rooms won’t be part of our negotiations.(more…)
Mr. Popular.In the latest salvo of the Ashley counter offensive, Newcastle United’s managing Director, Derek Llambias, has been revealing the depth of Mike Ashley’s financial black hole in an interview for Radio Newcastle. He moaned about the financial meltdown involved when a monster £70 million wages club that is supposed to be geared up for European competition get relegated and much more…
What follows is Llambias’s exchange with Radio Newcastle’s Mick Lowes.
On the financial consequences of relegation, Llambias said:
“It’s been extremely painful – it was a shock, it was unthinkable. We did have a business plan in place at the time that we just put into a cupboard, because we thought we never needed to use it.
“We’ve had to move on since then and it’s given us an opportunity to bring the wages down to an acceptable level in the Premier League, but not in the Championship. (more…)
