Archive for tag: NUFC Finances.

What was Newcastle United’s £498,000 payment to Sports Direct for?

November 21st, 2013 | 47 Comments |

NUFC in Sports Direct's 2013 annual report.
Exhibit A.
Firstly, I should declare that this piece was originally inspired by another, one of several on Newcastle United’s finances by a brace of accountants who also happen to be Toon fans in the latest issue of fanzine, ‘True Faith.’ It’s a very good read.

Of course, it has been known for quite some time that Sports Direct don’t pay a brass farthing for all the extensive worldwide publicity they get from Newcastle United. This was something which was finally confirmed by the club’s financial director, John Irving, at the first ‘Fans’ Forum’ meeting between representatives of the fans, the club, and sponsors, Wronga.

However it certainly less well known that although Newcastle United have been paid the square root of b*ggerall for all those vulgar signs, they actually had to PAY Sports Direct half a million pounds in 2012-13 as shown in SD’s 2013 Annual Report (page 90 under “Related Party Transactions”). Here you will see that Sports Direct received a payment of £498,000 from “Connected Persons,” Newcastle United Football Club. (more…)

Thoughts and reflections of our trials and tribulations

September 1st, 2011 | 37 Comments |

Our beloved club's crest.
Passion, pride, loyalty - NUFC
I’ve spent much of the morning nursing a hangover after yesterday’s debacle, and trying to organise my thoughts and come to some decision on what on Earth happened in the past few months.

Like all of you, I’m racked with disappointment, anger, frustration but most of all betrayal. We pay our hard earned cash for the privilege of watching those 11 lads play in the black and white stripes, to sing our heart out and ultimately to support the club we have stood by for so many years. There was one time when hell or high water wouldn’t keep me away from the Cathedral on the Hill that so dominates our skyline and now I’m finding it a struggle to check the news of a morning to find out how the board of Newcastle United are going to insult the loyal Geordie nation.

My daily routine is fairly basic. I wake up late morning, make a cup of tea, come back to my computer and check the usual blogs, News Now and then start checking my emails. Depending on the events, I’ll plan out an article for publication around evening time. During the transfer window, my phone becomes my greatest friend and I often don’t even wait to get on the computer to see what’s happening at this wonderful club. (more…)