David O\'bleary

[KeithB]

Aye you can\'t knock him for that Bri, surely he\'ll be looking for an out & out striker as well

 

[SIXFOOTSTEVE]

Wasn\'t going to comment any further ,but , yes he\'s always good for money our Freddie ,not bad for an ex scrap mans son .
Jim ,they had a scrap yard in Walker just down from our house , which is in the East end of Newcastle ( I know this sounds like a bite ) , more of a wee nibble really

 

[willywetegg]

What has Walker got to do with it, do you mean Annie and Jack or there son Billy. You live in Dunston mate.

Jim.

 

[SIXFOOTSTEVE]

 

[willywetegg]

We will continue this conversation in just over a week mate.

Jim.

 

[mark]

dont know where he gets the money ,but he always does

err... from Newcastle United\'s Bank account!, it ain\'t his own money he lets managers spens, that would be really silly!

 

[BriH]

dont know where he gets the money ,but he always does

err... from Newcastle United\'s Bank account!, it ain\'t his own money he lets managers spens, that would be really silly!

Well thats ok then ,we must have loads left - and think what we can buy if he decided to dip into his back pocket

 

[mark]

he\'s actually not allowed to use his own money, lots of laws to stop it happening. As a company director he could make a loan to the plc, but if he just chucks his own money in willy nilly, its a big no-no, the stocke exchange could view that as an attempt to artificially inflate share price, which is a go to jail go directly to jail, do not pass the strawberry, do not collect this years big fat outrageous paycheck for being a tosser type offence

so fat freddie plays the assets versus liablities game with the plc\'s funds.

I think any club that is a plc should have an agreed percentage of turnover contracted to the manager every year, rather than the chairman deciding whats to be spent and on who

 

[BriH]

Didnt know that - so all the millions spent have been generated via NUFC / or loaned - what stopped your Uncle Bob doing the Same ,considering like you say ,its NOT his money and its a loan(that will surely have some paperwork to say it has to be repaid on request)

[Edited on 21/7/2006 by BriH]

 

[mark]

yup as a director, you can \'loan\' money to the company you own, and as well as asking for it back you can take \'directors emoluments\' basically, stick your hands in the till when it takes your fancy. as long as its agreed by a majority of shareholders, and playboy dougie and freddie on their own are the majority shareholders. Generally, unless the company becomes insolvent, it\'s almost free money with a good accountant and a few clever accounting conventions. Freddies in it for the money all right, but not his!

differnence down the road was freddie is a bit more practiced at it, and there\'s more numbers to play with over here than bob had, but guranteee one thing, murray walked away with a hell of a lot more than he came in with

the pair of them should be ashamed to call themselves football supporters

[Edited on 21/7/2006 by mark]

 

[KeithB]

Bob always said he wouldn\'t invest his own money, so it nearly got to the stage where I thought stuff it why should I.

 

[flathead]

just been speaking to blackrat, it turns out 6months ago when safc shares were at the low price of about 33p uncle bob sent everyone a letter offering to buy there shares off them, as \"it would be in the best interests of the club\" 6 month down the line uncle bob sells the shares he bought for 33p to quinny and friends for an 84p per share mark up! he knew full well the takeover was going ahead and still tried to stiff the fans for an extra few quid for his own pocket!! before the share offer was made, speaks volumes i think!!

 

[sless]

he has always been a greedy man