Brrrr...Derek Llambias, our much-maligned Managing Director, has been running his mouth off again and has revealed that Newcastle United are no longer for sale and claims fans are beginning to come around to owner Mike Ashley’s way of thinking.
It’s a somewhat surprise statement really as surely any hint of a sale was ended back in October when the club was taken off the market for a second time after again failing to find a buyer, but Derek Llambias believes Ashley is now beginning to show just how committed he is to the Newcastle cause.
Speaking to Sky Sports News, PR disaster Llambias had this to say about Ashley’s commitment to the team: (more…)
Spinderella?In another ‘exclusive’ leak from the club, apparently a ‘senior United’ source has been speaking to The Journal, revealing that Newcastle is losing around £500,000 a week at the moment. Now forgive me for doing some simple maths but that equates to roughly £25m a year, which is coincidentally what the NoTW reported over the weekend as per an earlier article on here.
Which begs the question, is that because there’s some truth in it or is it because Mr Edwards has just rehashed the same thread? As they state in the article, The Journal wrote before Christmas that Ashley was loaning the club £20m cover running costs, following the drop in revenue and the limit on cutbacks to wages, which has enabled Hughton to maintain a decent squad.
Some fairly erudite contributors to this site have estimated that rather than struggling to breakeven, Ashley might even be turning a small profit, with the increase in crowds. And these are the people who aren’t necessarily ‘anti-Ashley’ as it were. Yet the feed from the club is, hardly surprisingly, somewhat different. (more…)
Should Ashley sack Hughton if he gets Newcastle promoted?I feel somewhat strange writing about this as promotion is by far from a certainty yet, although even the most downbeat fan has to be looking up at the Premier League and thinking a swift return looks more and more likely as the weeks and games pass by.
However, inspired by Simon Bird, let’s discuss what could possibly be one of owner Mike Ashley’s biggest problem should we go up. Do we stick with Hughton or do we change manager again?
Not many Toon fans wouldn’t pat current boss Chris Hughton on the back for the amazing job he has done in taking Newcastle United 5 points clear at the top of The Championship. We can’t deny it, it’s there in print, and despite a certain number of fans fearing the worst before the season kicked off, Hughton has slowly turned it around. We can look at individual games where perhaps things could have been done better tactically, Leicester away is a prime example, but what we do have to admit is that the majority of the time Hughton has hit the nail on the head and got the tactics right and earned the results we needed. (more…)
Ashley: £25 million cash injection?In a somewhat surprising article in todays News of the World, it has been revealed that our illustrious owner, Mike Ashley, has stepped into the breach during December, loaning the club another £25 million to keep it a going concern. Now this is from the News of the World and huge pinches of salt are required as this story also features our old friend ‘the club source’.
Apparently this money has been given to us on in interest only basis to help pay the wages and cover the general day to day running costs of Newcastle United. It has been said that some of this cash was used to fund the purchases of January signings Danny Simpson, Leon Best, Wayne Routledge and Mike Williamson. Now I’m going to start running through the article so sit down for club inside knowledge and sensationalism. The ‘club source’ said to the Sport of the World: (more…)
SIPP Broker Ltd's Lynn Steele (right).The acronym “SIPP” (Self Invested Personal Pension) has recently become a familiar one to all those who have supported the NUST in their bid to drive owner, Mike Ashley, from St James’s Park. It is one of the primary financial vehicles used to persuade people to invest savings and pensions in the NUST’s Barack Obama inspired “Yes We Can” campaign.
In this story I will be looking at the financial brain behind the NUST, Lynn Steele, and her company, “The SIPP Broker Ltd”, in Halifax. Formed less than two years ago, the SIPP Broker Ltd’s rise has been not far short of meteoric, and it’s business development team includes figures such as ex Chelsea player, David Speedie, and ex ‘Spurs player, Graham Roberts, who were brought in to exploit oppotunities from the highly lucrative world of football.
It was Speedie who caused a huge furore in 2004 after referring to black people as “blackies” and “ni**ers” at a charity function, after agreeing with Ron Atkinson’s comments about black player, Marcel Desailly, who was described as a “lazy thick ni**er” by the veteran manager and pundit. It was Roberts who, in his capacity as a business development advisor for the pension selling firm, also fronted the “Fans 401” bid for Newcastle United some time ago.
On that bid, Lynn Steele said in an interview with the Halifax Courier: