Archive for tag: Newcastle financial trouble.

Money money money.

September 14th, 2010 | 60 Comments |

Ashley - Paid for signings out of his own pocket?
Ashley - Paid for signings out of his own pocket?
Some fans said that last season was the most important for our club in a long long time. Other fans claim that this season is the most important we have had for a long long time.

I sit in the camp of the latter to be honest, although essentially both of those statements are correct.

If we hadn’t have got promoted last season then we wouldn’t have been able to say the second statement, so in that way they are very much linked. The importance of this season can’t be underestimated. Relegation would be dire and would set the club back a few years at least. Players that stayed around to “right the wrongs” of last time would be moved on, either by choice or neccessity, and I believe that it would be much much harder to bounce back should we end up relegated again. (more…)

Lack of investment could cost us survival.

August 13th, 2010 | 115 Comments |

 Cheap cheap!
Cheap cheap!
Newcastle are now just three days away from kicking off their Premier League campaign, but expectations on Tyneside have never been lower.

I think most Newcastle fans will be happy to survive this season, although lack of investment in the playing squad means that will be a massive gamble, and it appears that it is a gamble that the club are prepared to take.

I understand there are still just over two weeks to go in the transfer market, but as things stand currently I just can’t see many more, if any, new faces coming through the door. It pains me to say that as I am generally an opimistic person, but the lack of investment is beginning to get me down. A modest outlay on players to add to our squad for the new season would have comfortably secured safety in my opinion, but if there is no investment then we could be in for a very long season indeed. (more…)

Newcastle no longer own St James’ Park.

June 2nd, 2010 | 230 Comments |

Bank owned @ St James' Park?
Bank owned @ St James' Park?
Things never run smoothly at Newcastle do they? Come on, you can admit it, it’s ok. And some interesting revelations today have ensured that the tradition unfortunately continues.

The Guardian have managed to track down some of the inner workings of what is going on behind the iron curtain, with the focus yet again being on the financial side of the club.

In quite stunning fashion, The Guardian have revealed that Newcastle no longer own St James’ Park, or the training ground, or the youth academy. They have also revealed that all the money owed to us from the sale of players such as James Milner and Obafemi Martins has already been borrowed against and is due to be repaid as and when we recieve it. (more…)