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Post by Deleted on Mar 30, 2015 12:52:12 GMT
www.bbc.co.uk/sport/0/football/32113614Well done Mike Ashley, not that I want them to be successful but it's nice to see a club actually living within their means for once. I know they've still been bankrolled by Ashley with the interest free loan but I'd like to think we could achieve something similar, and it certainly seems to be the way we are going given the last few transfer windows. No doubt the Geordies will be furious about this due to the lack of spending on players, but it's about time clubs put an end to ridiculous transfer fees and started focusing on player development instead.
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Post by Deleted on Mar 30, 2015 13:00:43 GMT
It's a sign of the times that when a club makes a profit, it is news.
You would think that with the guaranteed income that premier clubs receive, a loss would be inconceivable.
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Post by JoeinOz on Mar 30, 2015 13:27:49 GMT
It's a sign of the times that when a club makes a profit, it is news. You would think that with the guaranteed income that premier clubs receive, a loss would be inconceivable. But they are trapped between financial security and fans demands for newer more expensive players. |
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Post by foster on Mar 30, 2015 13:44:03 GMT
Add another 30m onto that from the new TV money and in 2-3 years time Mike will have his loan back.
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Post by mickstupp on Mar 30, 2015 14:02:54 GMT
I'm sure the geordie masses are delighted with the news
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Post by nott1 on Mar 30, 2015 14:08:24 GMT
No ambition, except to make a profit!
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Post by cousindupree on Mar 31, 2015 15:14:10 GMT
An owner who has bankrolled a Prem club now reduces transfer spending, squeezes out a profit and recovers some of the debt owed.....sounds familiar.
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