Football finance expert Kieran Maguire caught the attention of some Newcastle United fans recently after he posted a tweet sharing the accounts of Mike Ashley’s MASH Holdings company which owns Newcastle United.
In his tweet, Maguire shared that the company made £178m in operating profits for the year, while it is also stated in the post that £488m rests in the accounts published on 25th September.
Additionally, Maguire also explained that Newcastle United accounts for less than 5% of the company.
After Maguire relayed this news via a tweet, plenty of Toon fans replied to the football finance expert’s post to share their thoughts on the MASH Holdings accounts.
Mike Ashley’s MASH Holdings, which owns Newcastle United, made operating profits of £178,000,000 and had £488,000,000 cash in the accounts published today. #NUFC account for less than 5% of the whole business. pic.twitter.com/Kdiscf6Tn4
— Kieran Maguire (@KieranMaguire) September 25, 2020
Some Newcastle United fans replied to this post to call for more of the company’s money to be invested in the football club.
@dancingbear76 @1HowardWalker @coyknorth @RossWigham But they won’t buy another striker https://t.co/gMMfcDhp2r
— David Punton (@DavePunton) September 25, 2020
it of 178m and spends 35m in the transfer window…..@rioferdy5 your pal. #NUFC #NUFCtakeover https://t.co/w2s4ETV61J
— ?? JordXnT ?? (@JxrdanT97) September 25, 2020
pity he don’t invest it in his own football club
— Love A Corner (@Love_A_Corner) September 25, 2020
One particular Toon supporter shared their amazement at the amount of gross profit the accounts show that the company made, while another Newcastle fan shared some disgruntlement over how much of the company’s profit the football club contributes to.
Gross profit – £1.7bn ??? #NUFC https://t.co/6cxaExHMu8
— ?????? (@ConnorLinsdell9) September 25, 2020
So what you’re saying here is #NUFC are contributing to 20% of profit, despite being less than 5% of the business? So we are literally propping up House if Fraser etc. Wow. https://t.co/YCl3cDlkqN
— Jonny Crick (@JonnyRecruits) September 25, 2020
Meanwhile, some other Newcastle fans replied to Maguire’s tweet to jest that Ashley is ‘skint.’
Wish I was as skint as Mike Ashley. https://t.co/NKTYugO6iM
— Thomas (@Thomas_NUST) September 25, 2020
Poor Mike, he’s skint! https://t.co/8LBp5cOzj3
— NE1’s Game (@game_ne1) September 25, 2020
Are you surprised by these accounts?
YES
NO
So, as can be seen from these Newcastle fans’ reactions to this tweet, it seems as though some are surprised by how much money MASH Holdings has and some seem to believe that more of this money should be invested in the football club.
With less than two weeks remaining in the current Premier League transfer window, it will be interesting to see how much, if any, more money the Toon spend in the transfer market now that these accounts have been made public and shared amongst Newcastle supporters.