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Owners

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Art Vandelay_ said:
So you’d have no issues if the dogs decided to buy gaming venues and earn 5-10m a year profiting off the misery of others via pokie machines??
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We did that(though we just sold them). Like ever other club, we used to have to sell our top players to stay alive too.

All clubs have skeletons, look at Spurs your owner tax dodges then asks for handouts from the Government.
 
chef said:
We did that(though we just sold them). Like ever other club, we used to have to sell our top players to stay alive too.

All clubs have skeletons, look at Spurs your owner tax dodges then asks for handouts from the Government.
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Technically not. The club pays tax (more than most PL clubs) and the club sought to furlough staff. We’re merely a club trying to spend what it earns and increase what it earns year on year, our only debts are infrastructure related but we’re seen as failures because we have owners who don’t invest their own cash. It’s a business model I’m proud to support and largely why I am losing interest in football, because it doesn’t lead to success.

Two distinctly different arguments we’re having chef, I’m not arguing about the morality of ownership just the status quo the football has found itself in whereby you must have a rich benefactor to succeed, and often they are unscrupulous characters.
 
moomba said:
The Glazer's bought United without putting a penny in, instead they used loans secured against the clubs income. Hugely damaging, and put a historically debt free club at huge risk.

FFP does fu** all to stop that.
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No matter what your opinion of FFP there's no doubt it has had a positive effect on UEFA club finances:

www.theguardian.com

Europe’s top-tier football clubs reap benefit of FFP with first overall profit

Top division clubs across Europe recorded an overall profit for the first time in 2017 following years of losses before the implementation of financial fair play, according to a Uefa analysis
www.theguardian.com www.theguardian.com


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Debt down massively since it was brought in, losses also significantly reduced. Clubs are by in large spending within their framework. It needs some fine tuning but some sort of FFP is definitely here to stay for UEFA competition.
 

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chef said:
I don't have a problem with owners putting their own money in when they are doing it for the good of the club. The bigger problem is when clubs get run as businesses to make profit for the owners/chairmans pockets.
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That's an issue when the owner starts spending 2-300% more than their opponents and subsidises massive losses that normally would put other clubs out of business. What happens then is the others spend a fortune trying to keep up. Not a good look and why you guys didn't have exactly the greatest image in the 00's.

Owners spending money that's entirely within the normal framework of club operations is absolutely fine. Invest, grow the club gradually. The days of clubs spending shitloads all at once out of the blue are probably over. I don't see Newcastle being able to do what City & Chelsea did and rightly so.
 
Art Vandelay_ said:
Two distinctly different arguments we’re having chef, I’m not arguing about the morality of ownership just the status quo the football has found itself in whereby you must have a rich benefactor to succeed, and often they are unscrupulous characters.
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I agree, but its been this way for ages.

I just like the idea of more competition and a more exciting league which is what a cashed up Newcastle would bring.
 
Zidane98 said:
Debt down massively since it was brought in, losses also significantly reduced. Clubs are by in large spending within their framework. It needs some fine tuning but some sort of FFP is definitely here to stay for UEFA competition.
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Huge boosts in TV revenue has helped that out more than any controls.
 
DBAH0 said:
Well Oil Money from the USA ain't worth anything ATM....
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Funny you should mention that...

edition.cnn.com

Premarket stocks: WTI crashes below $0 a barrel -- a record low

The spectacular collapse in oil markets is showing no signs of easing, as the coronavirus crisis saps demand and producers run out of places to store all their excess barrels of crude.
edition.cnn.com edition.cnn.com

Some oil refineries are going to have to give away the stuff because of the large drop off in demand caused by corona pandemic. If they don't move it they will literally be overflowing!

Not a good time to be a Texan oil baron!!!!
 
Zidane98 said:
Funny you should mention that...

edition.cnn.com

Premarket stocks: WTI crashes below $0 a barrel -- a record low

The spectacular collapse in oil markets is showing no signs of easing, as the coronavirus crisis saps demand and producers run out of places to store all their excess barrels of crude.
edition.cnn.com edition.cnn.com

Some oil refineries are going to have to give away the stuff because of the large drop off in demand caused by corona pandemic. If they don't move it they will literally be overflowing!

Not a good time to be a Texan oil baron!!!!
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Petrol is 1.30 a gallon at the Servo here ATM, I can fill up my car here for around $12 or so, I remember my Uni days in Melbourne I'd be paying $60 - $70 instead.

You'll enjoy this also as a Liverpool fan, wonder how Tom Hicks is doing these days on the back of this.....
 
DBAH0 said:
Petrol is 1.30 a gallon at the Servo here ATM, I can fill up my car here for around $12 or so, I remember my Uni days in Melbourne I'd be paying $60 - $70 instead.

You'll enjoy this also as a Liverpool fan, wonder how Tom Hicks is doing these days on the back of this.....
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Hes probably still trying to refinance his investments unsuccesfully. Those two utter cretins.
 
DBAH0 said:
Petrol is 1.30 a gallon at the Servo here ATM, I can fill up my car here for around $12 or so, I remember my Uni days in Melbourne I'd be paying $60 - $70 instead.

You'll enjoy this also as a Liverpool fan, wonder how Tom Hicks is doing these days on the back of this.....
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34 cents a litre, bloody hell. If it stays this way gas guzzling V8s will come back into vogue! Looks like its only going south atm too, wonder how low it will get.
 
Zidane98 said:
34 cents a litre, bloody hell. If it stays this way gas guzzling V8s will come back into vogue! Looks like its only going south atm too, wonder how low it will get.
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Trump's going to be bailing out these oil companies here in Texas now if needed he said. Could get down to $1 here at least I feel like.

Getting back to the owners, read in the Athletic that the new owners will keep Bruce on til the end of the season if it resumes.
 

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Geordies are class folk but it isn't the brightest place in the world.

there are no guarantees and this idea Newcastle United are going to suddenly be top four and will sign players reserved for Real/Bayern/Man City. even clubs like Man United and Arsenal are going to have dibs just because of their history. the top four is already chockers and the form of the last half-decade is that even a Europa spot is challenged by a Wolves/Sheff Utd. Leicester will drop down one day but they're still being a nuisance and giving Champions League spots a right crack.

that's without going into the possibilities of them being another Usmanov, Glazer, Randy Lerner.

I get it's all about getting their equivalent of Clive Palmer and Nathan Tinkler out – cancerous fat ****s using football to big up themselves but ultimately, like that fourth night of KFC in a row, get bored of it and let it go cold.

lots of the working class folk over Whitley Bay should be as equally appalled by the background of these backers, they loved teeing off about Mike Ashley and 0 hour contracts (as they should) but it's just needless excitement.

couldn't help but laugh when even Harry Kane's being tossed up as a maybe either...
 

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There was an article in the Daily Fail the other day stating that Bergkamp was fronting a Dutch Consortium that had 3BN to spend wanting to buy a Premier League club.
 

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