Financial Turmoil Revealed at United ; in Association with Rbs
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Summary
THE full financial picture of Newcastle United when billionaire owner Mike Ashley took control has been revealed in the club's accounts.
Massive sums were spent on failing to get casino plans off the ground (pounds 5m) and sacking manager Glenn Roeder (pounds 1.1m), and a staggering pounds 1.1m was paid to director Douglas Hall as a golden handshake on his departure from the club.See the full content of this document
Extract
Financial Turmoil Revealed at United ; in Association with Rbs
The accounts say Mr Ashley had to plough pounds 75m into the club to keep it afloat.
Further expenditure included nearl...See the full content of this document
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