The Swiss Ramble has been praised by the likes of Liverpool FC principal owner John W Henry in the past for his expertise on football finance.
With anger increasing towards Mike Ashley’s ownership, the financial expert took to Twitter to start a thread outlining the details of how the club have stagnated under the Sport Direct Owner’s tenure compared to Tottenham:
A long-suffering Newcastle United fan asked how their financial performance compared with Tottenham Hotspur since Mike Ashley bought the club in July 2007, so here’s a few thoughts in the following thread #NUFC #THFC
— Swiss Ramble (@SwissRamble) August 27, 2018
Needless to say fans were frustrated at how things have got to this point:
Complete stagnation since his arrival. Club is basically dead. Thanks Mike.
— Toon Fan (@MGnufc) 27 August 2018
— Gdublar (@Garywilson3) 27 August 2018
And they say we have ambition ????????????????
— Philip ???????? (@shitssoko) 27 August 2018
But this can’t be right because the ‘experts’ say he has stabilised the club? You need to stop spreading this outrageous facts
— BillinghamMag (@BillinghamMag) 27 August 2018
Thanks for doing this mate. Good to have someone neutral share some facts.
— Dai Rees (@DaiRees1984) 27 August 2018
— Simon Harkness (@SimonHarknesstv) 27 August 2018
All in all he’s done a good job then ????
— James Wild (@JamesMWild) 27 August 2018
Absolutely nailed it. Thanks for all the time and effort spent. This needs to be in the press #NUFC
— Martie Q (@Malaga_Mag) 27 August 2018
What stands out for me is that while both clubs have managed to make profit Spurs have gone on leaps and bounds in terms of revenue, squad investment, money from TV and from playing in European competition.
The fact is that due to two relegations and just one season in Europa League, the club have earned just €5m in prize money from European competitions, compared to Spurs’s €179m.
In addition, commercial revenues for us have remained flat, while the London club have almost doubled theirs. Infrastructure investment between the two teams also can’t be compared with us investing just £10m in ten years, in comparison to Tottenham’s half a billion.