http://www.telegraph.co.uk/sport/main.jhtml?view=DETAILS&grid=A1YourView&xml=/sport/2007/11/01/sfnnew101.xml

A fucking good move by Ashley... we eagerly wait for the battle to begin. Going to be a good 
match...

Philocophus

************

"arby"  wrote in message 
news:1193926742.396929.31480@z9g2000hsf.googlegroups.com...
> http://www.telegraph.co.uk/sport/main.jhtml?view=DETAILS&grid=A1YourView&xml=/sport/2007/11/01/sfnnew101.xml
>

whats it to do with?  how much ashley thought the club was in debt when he 
bought it and how much it actually was in debt, or whats gone on?



steve


"Philocophus"  wrote in message 
news:fgd8bg$jqm$1$8300dec7@news.demon.co.uk...
>A fucking good move by Ashley... we eagerly wait for the battle to begin. 
>Going to be a good match...
>
> Philocophus
>
> ************
>
> "arby"  wrote in message 
> news:1193926742.396929.31480@z9g2000hsf.googlegroups.com...
>> http://www.telegraph.co.uk/sport/main.jhtml?view=DETAILS&grid=A1YourView&xml=/sport/2007/11/01/sfnnew101.xml
>>
>
>
>

On 1 Nov, 19:10, "Philocophus"  wrote:
> A fucking good move by Ashley... we eagerly wait for the battle to begin. Going to be a good
> match...
>
> Philocophus
>
> ************
>
> "arby"  wrote in message
>
> news:1193926742.396929.31480@z9g2000hsf.googlegroups.com...
>
> >http://www.telegraph.co.uk/sport/main.jhtml?view=DETAILS&grid=A1YourV...

Yeah, literally a proper heavyweight fight!
think Ashley's got a stronger chin.

wrote in message
news:472a2957$0$21102$da0feed9@news.zen.co.uk...
> whats it to do with?  how much ashley thought the club was in debt when he
> bought it and how much it actually was in debt, or whats gone on?
>
>
>
> steve
>
>
>He would have seen the books.  It was a PLC at the time so all that sorta
thing is declared to the stock exchange anyways.

On Fri, 02 Nov 2007 12:57:14 GMT, "Decimal Dust"
 wrote:

>
> wrote in message
>news:472a2957$0$21102$da0feed9@news.zen.co.uk...
>> whats it to do with?  how much ashley thought the club was in debt when he
>> bought it and how much it actually was in debt, or whats gone on?
>>
>>
>>
>> steve
>>
>>
>>He would have seen the books.  It was a PLC at the time so all that sorta
>thing is declared to the stock exchange anyways.
>
he may have seen some of the books, but the fact that they discovered
the debt was much larger than they believed, due to the way shepherd
and co had cooked the books won't have pleased him, and you can bet
it's the reason freddy only stayed on as chairman for a few weeks in
the summer.
-- 

gamertag: Chrisflynnuk
http://live.xbox.com/member/Chrisflynnuk
Current eBay auctions: http://tinyurl.com/hutcb
360, DS, PS2 and Saturn Games For Auction.

"Chris F"  wrote in message
news:dbami3he7vp1dl2n7r7b1c5ail7fm1923d@4ax.com...
> On Fri, 02 Nov 2007 12:57:14 GMT, "Decimal Dust"
>  wrote:
>
> >
> > wrote in message
> >news:472a2957$0$21102$da0feed9@news.zen.co.uk...
> >> whats it to do with?  how much ashley thought the club was in debt when
he
> >> bought it and how much it actually was in debt, or whats gone on?
> >>
> >>
> >>
> >> steve
> >>
> >>
> >>He would have seen the books.  It was a PLC at the time so all that
sorta
> >thing is declared to the stock exchange anyways.
> >
> he may have seen some of the books, but the fact that they discovered
> the debt was much larger than they believed, due to the way shepherd
> and co had cooked the books won't have pleased him, and you can bet
> it's the reason freddy only stayed on as chairman for a few weeks in
> the summer.
> --
>
> gamertag: Chrisflynnuk
> http://live.xbox.com/member/Chrisflynnuk
> Current eBay auctions: http://tinyurl.com/hutcb
> 360, DS, PS2 and Saturn Games For Auction.

Oh - obviously Ash's accountants are as good as FFS himself then. So how
much debt was there then? I remember it being about £70m officially before
you bought back the NTL stake and saved something like £20m. Cant be worse
than that now surely?

On Fri, 02 Nov 2007 13:59:37 GMT, "Decimal Dust"
 wrote:

>
>"Chris F"  wrote in message
>news:dbami3he7vp1dl2n7r7b1c5ail7fm1923d@4ax.com...
>> On Fri, 02 Nov 2007 12:57:14 GMT, "Decimal Dust"
>>  wrote:
>>
>> >
>> > wrote in message
>> >news:472a2957$0$21102$da0feed9@news.zen.co.uk...
>> >> whats it to do with?  how much ashley thought the club was in debt when
>he
>> >> bought it and how much it actually was in debt, or whats gone on?
>> >>
>> >>
>> >>
>> >> steve
>> >>
>> >>
>> >>He would have seen the books.  It was a PLC at the time so all that
>sorta
>> >thing is declared to the stock exchange anyways.
>> >
>> he may have seen some of the books, but the fact that they discovered
>> the debt was much larger than they believed, due to the way shepherd
>> and co had cooked the books won't have pleased him, and you can bet
>> it's the reason freddy only stayed on as chairman for a few weeks in
>> the summer.
>> --
>>
>> gamertag: Chrisflynnuk
>> http://live.xbox.com/member/Chrisflynnuk
>> Current eBay auctions: http://tinyurl.com/hutcb
>> 360, DS, PS2 and Saturn Games For Auction.
>
>Oh - obviously Ash's accountants are as good as FFS himself then. So how
>much debt was there then? I remember it being about £70m officially before
>you bought back the NTL stake and saved something like £20m. Cant be worse
>than that now surely?
>
Ashley has come out and said it was closer to £100m, and Mort has come
out and said that if Ashley hadn't bought the club there was every
chance it would have crippled us.

You have to remember that he didn't go through the usual due diligence
procedure when he bought the club, it was all done very quickly after
he bought the hall's shares.

due diligence on a business that size could take up to a couple of
months, which is how long it seemed to take those consortiums sniffing
around NUFC last year to decide against a bid after they begun the
process.

put it this way: shepherd and douglas hall have obviously done
something to piss off ashley, and considering the only real contact
theyve had with him is in the sale of the club, it must be down to
that. the fact he seems to have no real issue with sir john hall
himself speaks volumes, as he has had nothing to do with the day to
day running of the club for a decade or so now.

we all knew freddy was as bent as a nine bob note, it's just starting
to come to light exactly how dodgy he was.
-- 

gamertag: Chrisflynnuk
http://live.xbox.com/member/Chrisflynnuk
Current eBay auctions: http://tinyurl.com/hutcb
360, DS, PS2 and Saturn Games For Auction.

On 2 Nov, 14:18, Chris F  wrote:
> On Fri, 02 Nov 2007 13:59:37 GMT, "Decimal Dust"
>
>
>
>  wrote:
>
> >"Chris F"  wrote in message
> >news:dbami3he7vp1dl2n7r7b1c5ail7fm1923d@4ax.com...
> >> On Fri, 02 Nov 2007 12:57:14 GMT, "Decimal Dust"
> >>  wrote:
>
> >> > wrote in message
> >> >news:472a2957$0$21102$da0feed9@news.zen.co.uk...
> >> >> whats it to do with?  how much ashley thought the club was in debt when
> >he
> >> >> bought it and how much it actually was in debt, or whats gone on?
>
> >> >> steve
>
> >> >>He would have seen the books.  It was a PLC at the time so all that
> >sorta
> >> >thing is declared to the stock exchange anyways.
>
> >> he may have seen some of the books, but the fact that they discovered
> >> the debt was much larger than they believed, due to the way shepherd
> >> and co had cooked the books won't have pleased him, and you can bet
> >> it's the reason freddy only stayed on as chairman for a few weeks in
> >> the summer.
> >> --
>
> >> gamertag: Chrisflynnuk
> >>http://live.xbox.com/member/Chrisflynnuk
> >> Current eBay auctions:http://tinyurl.com/hutcb
> >> 360, DS, PS2 and Saturn Games For Auction.
>
> >Oh - obviously Ash's accountants are as good as FFS himself then. So how
> >much debt was there then? I remember it being about £70m officially before
> >you bought back the NTL stake and saved something like £20m. Cant be worse
> >than that now surely?
>
> Ashley has come out and said it was closer to £100m, and Mort has come
> out and said that if Ashley hadn't bought the club there was every
> chance it would have crippled us.
>
> You have to remember that he didn't go through the usual due diligence
> procedure when he bought the club, it was all done very quickly after
> he bought the hall's shares.
>
> due diligence on a business that size could take up to a couple of
> months, which is how long it seemed to take those consortiums sniffing
> around NUFC last year to decide against a bid after they begun the
> process.
>
> put it this way: shepherd and douglas hall have obviously done
> something to piss off ashley, and considering the only real contact
> theyve had with him is in the sale of the club, it must be down to
> that. the fact he seems to have no real issue with sir john hall
> himself speaks volumes, as he has had nothing to do with the day to
> day running of the club for a decade or so now.
>
> we all knew freddy was as bent as a nine bob note, it's just starting
> to come to light exactly how dodgy he was.
> --
>
> gamertag: Chrisflynnukhttp://live.xbox.com/member/Chrisflynnuk
> Current eBay auctions:http://tinyurl.com/hutcb
> 360, DS, PS2 and Saturn Games For Auction.

yeah I read something similar that we could've gone bust like Leeds if
he didnt put another 30m of his own cash to decrease the debt amount.

From what I read - there are conflicting accounts on how much the debt actually was - the initial 
debt was £80M. Ashley's accountants later discovered that the actual amount was between £100M and 
£120M. Ashley had to fork out an additional £30M to make the debt repayments managable without 
affecting the day to day running of the club.

There we are, Fat Fred has been caught out... the rest, well, we know - or do we?

Philocophus

**********

"arby"  wrote in message 
news:1194016268.878369.319190@k79g2000hse.googlegroups.com...
On 2 Nov, 14:18, Chris F  wrote:
> On Fri, 02 Nov 2007 13:59:37 GMT, "Decimal Dust"
>
>SNIP
>
>  wrote:
>
> >"Chris F"  wrote in message
> >news:dbami3he7vp1dl2n7r7b1c5ail7fm1923d@4ax.com...
> >> On Fri, 02 Nov 2007 12:57:14 GMT, "Decimal Dust"
> >>  wrote:
>
>
> we all knew freddy was as bent as a nine bob note, it's just starting
> to come to light exactly how dodgy he was.
> --
>

yeah I read something similar that we could've gone bust like Leeds if
he didnt put another 30m of his own cash to decrease the debt amount.