As regular readers of this fanzine will know, over the course of this season we have been publishing analysis of the Newcastle United business, conducted by supporters with some qualifications, status and considerable experience within business and accountancy.
Whilst it’s true no-one has found a smoking gun of malpractice in the books presented by United, analysis of the accounts has provided us with the confidence to challenge some of the nonsense that has been announced to the media by the club (i.e. Ashley does not take money out of United, the loan is interest free, the advertising given free to Ashley’s companies is a show-case for others, the club is well-run financially etc.).
We are now at the next stage of looking to show the advantages or otherwise to Ashley in terms of non-payment of tax from his other companies as a consequence of Newcastle United well-reported debt (£129m).
We would love an expert in taxation to explain to supporters if and how the £129m United owes to Ashley might have an advantage to other businesses in terms of reducing the tax liability of those companies. Obviously, it would be very interesting to learn what the scale of that avoidance (all perfectly legal of course), might be and in that way demonstrate exactly how ownership of a club, carrying a substantial debt works for Mike Ashley’s bottom line.
If you believe you have the expertise to be able to help enlighten fellow supporters through the pages of true faith, we would really love to hear from you.
If due to professional and / or business considerations you would prefer to remain anonymous that isn’t a problem for us and we’ll not publish your name alongside any information you provide for us.
If you reading this, know someone you think might have the expertise to help with this work, please pass the link onto them.
Please drop us a line on editor@https://true-faith.co.uk if you think you can help.