SteveC 150 Posted November 23, 2014 Share Posted November 23, 2014 (edited) Ashely used to hire and fire managers at Newcastle but came to the view that it led to wasting a lot of money, paying off managers and bringing in new players for the next one. His financial strategy wouldn't work doing this, so he changed tack and went to the other extreme, a statement of intent, an 8 year deal for Pardew and an impervious, water off a ducks back reaction to calls for his head. He needed someone who was onside with what he wanted, someone who wouldn't rock the boat and would remain loyal to him, if not always the club. I don't disagree with sticking by your manager but you have to get the choice right. However, over and above that we need a board who have the long-term interests of the club as their priority. A number of folk I know believe that the contract was that length because at the current rate of paying back a loan to Ashley it will take Pardew that long to clear his debt. The story goes - and I've heard it from media folk as well as fans of London clubs* - that Pardew spent recklessly partly to impress a young lady and in any case had run up casino debts way beyond what he could afford. Ashley lent him enough to get out of trouble if he agreed to work for far lower than a Newcastle manager would expect to, never criticise and pay off his debt directly from his salary, month by month. Pardew is a debt-serf that would never be sacked by Ashley unless he somehow became replaceable by someone in even more dire straits is what I was first told some time ago. *I've also heard that ex-players have said the same but I've only heard that second hand but then as we know, hearing a rumour from various people could just mean they all heard it from the one source. I've no way of verifying this rumour, just passing it on and saying that a growing number of people are treating it as an "open-secret". Edited November 23, 2014 by SteveC 0 Quote Link to post Share on other sites More sharing options...
compo 7,217 Posted November 23, 2014 Share Posted November 23, 2014 anyone have a favourite to take over if there is change 0 Quote Link to post Share on other sites More sharing options...
Super Cooper 0 Posted November 23, 2014 Share Posted November 23, 2014 anyone have a favourite to take over if there is change Eddie Howe or Karl Robinson. 0 Quote Link to post Share on other sites More sharing options...
Dragonfly Trumpeter 50 Posted November 23, 2014 Share Posted November 23, 2014 why should ally walk to save the ****s cash. none of them ever forgo their pay offs. They own McCoist, bought his soul a wee while back, and very cheaply in their eyes. He fits their purpose spectacularly well. A very cheap deflection and denial tool, he is allowing them to plunder cash, not costing them. He will only get hung out when it suits them. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,743 Posted November 23, 2014 Share Posted November 23, 2014 They own McCoist, bought his soul a wee while back, and very cheaply in their eyes. He fits their purpose spectacularly well. A very cheap deflection and denial tool, he is allowing them to plunder cash, not costing them. He will only get hung out when it suits them. Plundering cash? Do tell us. Who got what? 0 Quote Link to post Share on other sites More sharing options...
Dragonfly Trumpeter 50 Posted November 23, 2014 Share Posted November 23, 2014 Plundering cash? Do tell us. Who got what? Okay Rab, what has our club spent and made in return the last 2 years through merchandise, advertising, the screens and the wifi for a start. Let us not worry about the income and which of your heroes got the biggest pay off. 0 Quote Link to post Share on other sites More sharing options...
Ser Barristan Selmy 222 Posted November 23, 2014 Author Share Posted November 23, 2014 Plundering cash? Do tell us. Who got what? Charles Green and his pals made a fortune. Why on earth would you defend these people? 0 Quote Link to post Share on other sites More sharing options...
buster. 5,257 Posted November 23, 2014 Share Posted November 23, 2014 A number of folk I know believe that the contract was that length because at the current rate of paying back a loan to Ashley it will take Pardew that long to clear his debt. The story goes - and I've heard it from media folk as well as fans of London clubs* - that Pardew spent recklessly partly to impress a young lady and in any case had run up casino debts way beyond what he could afford. Ashley lent him enough to get out of trouble if he agreed to work for far lower than a Newcastle manager would expect to, never criticise and pay off his debt directly from his salary, month by month. Pardew is a debt-serf that would never be sacked by Ashley unless he somehow became replaceable by someone in even more dire straits is what I was first told some time ago. *I've also heard that ex-players have said the same but I've only heard that second hand but then as we know, hearing a rumour from various people could just mean they all heard it from the one source. I've no way of verifying this rumour, just passing it on and saying that a growing number of people are treating it as an "open-secret". Thanks Steve. Now that you say that, I think someone mentioned it briefly on FF a few weeks ago, it might have been yourself. MA has been known to offer a loan in circumstances that he recognized he could take advantage of further down the road. There was a link posted (article) that in part detailed such a case. IIRC it had something to do with someone involved at JJB (or who later was), possibly as CEO. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted November 23, 2014 Share Posted November 23, 2014 dave whellan believes he bought off dave jones at jjb. JJB Sports chairman Sir David Jones yesterday vowed to pay back a controversial £1.5m business loan "as soon as possible". The money, borrowed from business rival Mike Ashley, was used to prop up software firm Advance Network Technologies (ANT), a company 70% owned by the Jones family, in which his son Stuart is also involved. The company, which offers services such as IT support, owed creditors about £4.4m at the end of 2007, according to Companies House. JJB said yesterday the loan was agreed prior to Jones joining its board in October 2007 and that executive directors were informed of its existence and terms, including the option of Ashley converting his loan into shares, earlier this year. The board maintains the transaction was a "private" matter and as a result it did not need to tell the stockmarket. "The board considers the matter closed," it said in a statement. http://www.theguardian.com/football/2009/jul/08/mike-ashley-bankrolls-jjb-chairman 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted November 23, 2014 Share Posted November 23, 2014 dave whellan believes he bought off dave jones at jjb. JJB Sports chairman Sir David Jones yesterday vowed to pay back a controversial £1.5m business loan "as soon as possible". The money, borrowed from business rival Mike Ashley, was used to prop up software firm Advance Network Technologies (ANT), a company 70% owned by the Jones family, in which his son Stuart is also involved. The company, which offers services such as IT support, owed creditors about £4.4m at the end of 2007, according to Companies House. JJB said yesterday the loan was agreed prior to Jones joining its board in October 2007 and that executive directors were informed of its existence and terms, including the option of Ashley converting his loan into shares, earlier this year. The board maintains the transaction was a "private" matter and as a result it did not need to tell the stockmarket. "The board considers the matter closed," it said in a statement. http://www.theguardian.com/football/2009/jul/08/mike-ashley-bankrolls-jjb-chairman Chris Ronnie certainly did a cracking job at JJB, well if you view from Sports Direct's point of view. 0 Quote Link to post Share on other sites More sharing options...
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