Goonersworld

He's spent big money, it's just that he appointed the wrong people to give big money to. I reckon the Kroenkes are about to kick some arse and wouldn't be surprised if both Edu and Arteta get the boot.

Tony Adams wrote:He's spent big money, it's just that he appointed the wrong people to give big money to. I reckon the Kroenkes are about to kick some arse and wouldn't be surprised if both Edu and Arteta get the boot.

Nuggets wrote:

Tony Adams wrote:He's spent big money, it's just that he appointed the wrong people to give big money to. I reckon the Kroenkes are about to kick some arse and wouldn't be surprised if both Edu and Arteta get the boot.

Again, no evidence, just putting two and two together and getting five.

Tony Adams wrote:

Nuggets wrote:

Tony Adams wrote:He's spent big money, it's just that he appointed the wrong people to give big money to. I reckon the Kroenkes are about to kick some arse and wouldn't be surprised if both Edu and Arteta get the boot.

Again, no evidence, just putting two and two together and getting five.

Praying for five

Moondoggie wrote:

theHotHead wrote:What Brexit red tape?! Getting a work permit isn't difficult, the process is well known to football clubs, the delay is down to a failure to prepare, simple as that.

Well, considering that before Brexit players from the European Economic Area didn't need to get work permits to play in the Premier League and now they have to go through the same process as players from South America, Africa or elsewhere to obtain a work visa, it's a bit more complicated. Under the old rules, he could have played immediately. It may not be difficult, but government takes its time to go through the process.

Thats exactly my point - the process is documented and well known, its an existing process, its not like we haven't bought African or South American players before. You can't tell me Arteta didn't know well in advance that he wanted to re-sign Odegaard, so the delay must be down to a failure to prepare

Saudi’s about to take over Newcastle. 300 mil to Ashley, billion dollars in investment trust, 250 mil on players to start with. Heavyweight manager, director of football and chief executive to come in. Here we go.

swipe right wrote:Saudi’s about to take over Newcastle. 300 mil to Ashley, billion dollars in investment trust, 250 mil on players to start with. Heavyweight manager, director of football and chief executive to come in. Here we go.

Pity they didn't buy our club and bring in a proper manager.

swipe right wrote:Saudi’s about to take over Newcastle. 300 mil to Ashley, billion dollars in investment trust, 250 mil on players to start with. Heavyweight manager, director of football and chief executive to come in. Here we go.

Go where? FFP means they can't simply spend 250m on new players until they increase revenue by 250m - that's not happening in a Covid pandemic - they can rebuild the ground and training facilities with as much cash as they want, and indeed they can get their 'chums' to place massive sponsorship deals Man City style, but until that new income actually arrives they can't simply spend unlimited cash on players, however much they put into Newcastle's bank account ....

No question it's a massive boost for Newcastle, however a bit like Everton with billionaire backing spending the maximum they can on players, under the EPL's current FFP rules - has it made that much difference? Let's hope it's the same with the Magpies, another false dawn.

EliteKiller wrote:

swipe right wrote:Saudi’s about to take over Newcastle. 300 mil to Ashley, billion dollars in investment trust, 250 mil on players to start with. Heavyweight manager, director of football and chief executive to come in. Here we go.

Go where? FFP means they can't simply spend 250m on new players until they increase revenue by 250m - that's not happening in a Covid pandemic - they can rebuild the ground and training facilities with as much cash as they want, and indeed they can get their 'chums' to place massive sponsorship deals Man City style, but until that new income actually arrives they can't simply spend unlimited cash on players, however much they put into Newcastle's bank account ....

No question it's a massive boost for Newcastle, however a bit like Everton with billionaire backing spending the maximum they can on players, under the EPL's current FFP rules - has it made that much difference? Let's hope it's the same with the Magpies, another false dawn.

Heard all this before.

swipe right wrote:

EliteKiller wrote:

swipe right wrote:Saudi’s about to take over Newcastle. 300 mil to Ashley, billion dollars in investment trust, 250 mil on players to start with. Heavyweight manager, director of football and chief executive to come in. Here we go.

Go where? FFP means they can't simply spend 250m on new players until they increase revenue by 250m - that's not happening in a Covid pandemic - they can rebuild the ground and training facilities with as much cash as they want, and indeed they can get their 'chums' to place massive sponsorship deals Man City style, but until that new income actually arrives they can't simply spend unlimited cash on players, however much they put into Newcastle's bank account ....

No question it's a massive boost for Newcastle, however a bit like Everton with billionaire backing spending the maximum they can on players, under the EPL's current FFP rules - has it made that much difference? Let's hope it's the same with the Magpies, another false dawn.

Heard all this before.

As far as I'm aware, they can sponsor themselves with as much as they like, then spend the sponsorship money on whatever they like.
FFP only stops clubs with regular owners buying players with regular money. Hence the EFL teams are struggling big time

EliteKiller wrote:

swipe right wrote:Saudi’s about to take over Newcastle. 300 mil to Ashley, billion dollars in investment trust, 250 mil on players to start with. Heavyweight manager, director of football and chief executive to come in. Here we go.

Go where? FFP means they can't simply spend 250m on new players until they increase revenue by 250m - that's not happening in a Covid pandemic - they can rebuild the ground and training facilities with as much cash as they want, and indeed they can get their 'chums' to place massive sponsorship deals Man City style, but until that new income actually arrives they can't simply spend unlimited cash on players, however much they put into Newcastle's bank account ....

These are pure technicalities that the FA and PL will be happy to let slide. Just like they when they signed off on Newcastle's owners being a "consortium" and the not the Kingdom itself. *Wink*

Highbury Hillbilly wrote:

EliteKiller wrote:

swipe right wrote:Saudi’s about to take over Newcastle. 300 mil to Ashley, billion dollars in investment trust, 250 mil on players to start with. Heavyweight manager, director of football and chief executive to come in. Here we go.

Go where? FFP means they can't simply spend 250m on new players until they increase revenue by 250m - that's not happening in a Covid pandemic - they can rebuild the ground and training facilities with as much cash as they want, and indeed they can get their 'chums' to place massive sponsorship deals Man City style, but until that new income actually arrives they can't simply spend unlimited cash on players, however much they put into Newcastle's bank account ....

These are pure technicalities that the FA and PL will be happy to let slide. Just like they when they signed off on Newcastle's owners being a "consortium" and the not the Kingdom itself. *Wink*

Not quite accurate .... FFP in the EPL allows a club to make a maximum 105m loss over any three years, this can't be hidden as all clubs now need to file complete accounts .... you can't just 'let that slide' it needs all the other clubs in the EPL to agree, can you see that happening?

Newcastle have actually made a profit (80m) in their last two accounting years, primarily because Ashley has spent bugger all, that means that the new owners can spend that 80m plus an additional 105m of cash in this financial year, in total a net transfer spend of 185m ... that's only 50m more than we spent in the last twelve months,.

Sure over the next few years they can increase sponsorship by 10's of millions which will all be available to spend ... but that takes time, it took City four years and as we now know they broke all the rules ... it won't be that easy for Newcastle.

City spent 1.1 billion to build a squad when transfer fees were a lot lower than they are now - there's no way the EPL clubs will allow Newcastle to do the same in one season, at least you would hope not .... guess we will soon find out.

The can use the "Spurs Scam" and buy all their players on loan with future staged payments thus spreading any losses over several years, but that requires a motivated seller and only works for 2nd tier players, for the quality players they will want that simply isn't likely to be an option.

Do your bloody job and sack arteta