Thumping out


By Leipziger
September 21 2011

The Falcons have thrown most of us a curveball in the last 24 hours with the sudden news that Dave Thompson has resigned as chairman to be replaced by new majority shareholder Semore Kurdi. Kurdi now owns 80% of the club through the issue of new shares.

I don’t know ‘Thumper’ personally but he seems to be a no-nonsense bloke who cares a lot about the club and while he is not universally popular among fans, I am convinced he would not be taking this step if he did not believe it was in the club’s best interests.

 

Thompson has been at the helm at KP since February 1999, when he replaced Sir John Hall and Newcastle United as majority owner. Financial reality and the football club going public meant the end of Sir John’s sporting club dreams, and the Falcons were left in limbo. Rob Andrew has gone on record stating the club was very close to going out of business.


Thompson stepped in and was rewarded with a cup final at Twickenham after just a few months in charge. At the end of 1998/99 ticket prices were reduced for the following season and key contracts agreed to keep Jonny Wilkinson and Gary Armstrong at the club.

 

It is at this point that I recall that I was doing Economics A-level at the time and wrote a short essay on Thompson’s takeover of the Falcons for the course, but I’ve no idea where it is.

 

I believe Thompson has two legacies at KP, I will mention the second later but the first is the fact that a lot of us who at Saturday’s game were not standing on a little concrete bank open to the elements, using portaloos or sitting in a temporary stand, but were in the relative luxury of the West Stand and South Stand.

 

The KP issue is a thorny one since the ground remains half-finished, with no recent news of further development on the East and North sides, but the ground is certainly a heck of a lot better now than it was at the end of 2001/02.

 

The Falcons have had four managers in the Thompson era, beginning with Andrew and going on through John Fletcher and Steve Bates to current gaffer Alan Tait. Thompson stood behind Andrew for many years and was rewarded with two cup victories and a Heineken Cup quarter-final in Paris, and has always been keen to promote from within, though these decisions have not always been universally popular.

 

In 2008 it was well-known that Thompson looked to sell the club, but none of the potential deals came to fruition, as apparently he believed they would not be in the Falcons’ best interests. A move to Darlington was one possible consequence mentioned, something I for one would not have welcomed.

 

A year ago Thompson brought Jordanian-born Geordie businessman Semore Kurdi on board to provide new investment and a new voice within the club, someone who cared about the club just as much as he did. This was very much welcomed by most, indeed a good friend of mine who has had professional dealings with Kurdi told me he thought Kurdi’s involvement would greatly benefit the club.

 

Kurdi is now the club’s third owner of the professional era and his immediate task will be to ensure the playing side have the tools to secure Premiership safety come May.

 

That is Thompson’s second legacy – the fact that a week on Sunday we will be welcoming Wasps to KP rather than Esher. This Saturday we will be away to London Irish, not Plymouth. You can say all you want about ownership matters not affecting what happens on the pitch, and maybe they shouldn’t, but the fact is they do. And where Northampton and Harlequins have both failed, where Bristol and Leeds have failed several times each, the Falcons have succeeded in every relegation battle they have been involved in.

 

I’m sure Thompson himself would admit that not every decision he has made during his time with the Falcons has been correct, but the fact remains that there would not be professional rugby in the North East without him. We have watched some of the world’s best players playing in a black shirt, like Jonny Wilkinson, Matthew Burke, Colin Charvis and Carl Hayman. Every season this millennium we have watched Premiership rugby. For all of this he deserves all the credit in the world, and our thanks.

 

Today is the start of a new era for Newcastle Falcons, let’s all get behind them in big, loud numbers on 2nd October.

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Thumping out
Discussion started by FalconsRugby.org.uk , 21/09/2011 12:56
FalconsRugby.org.uk
21/09/2011 12:56
What do you think? You can have your say by posting below.
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lizard118
21/09/2011 13:33
Good right up Leipy, couldnt agree more.

Maccafan2
21/09/2011 13:48
bye bye.

steve1888
21/09/2011 13:53
Very good piece Leipy well done

Happy Hooker
21/09/2011 15:24
Agree with those sentiments Leipy. Yes, he made mistakes but he always had the club's best interests at heart and was never in it for the money. As you rightly say, without him we would not have Premiership rugby in the North-east today. For that we should be grateful.

JohnSt
22/09/2011 12:08
Nice to read a well balanced account of DTs considerable contribution to our favourite team! I'm really grateful - for your great commitment as well as your cash!! Thanks for all that you did and very best wishes for the future.

DGNTR
22/09/2011 13:16
Agree with Hooky's response above and a great write-up that Leipy.

Love him or hate him he has kept the Falcons afloat for 13 years, I'm very grateful for that. Equally I'm looking forward to the new era under Kurdi with huge excitement and anticipation. Happy that Thumper will have some involvement going forward too, he has too much knowledge about the club and rugby in general to waste by exiting entirely.

lizard118
22/09/2011 14:19
Agree with that final thought DG, I'm sure Kurdi can always do with a helping hand in the mean time.

TouchLine
22/09/2011 16:37
I disagree. In most businesses the last thing a new guy at the top needs or wants is someone from the old regime still involved.

lizard118
22/09/2011 17:01
My Word Touchy! if you havent got a positive thing to say about the man why dont you just keep your opinion to yourself. This is supposed to be a positive send off for the man. You just sound so vengeful it's unreal. At least give the man his dues for keeping premiership rugby in the north east. What have you done for the Falcons?

TouchLine
22/09/2011 19:24
I could say the same about you lizzy. Why are you entitled to your opinion but I'm not?

I happens to have a bit of experience of running a business and know that having the previous senior management hanging about after a change at the top rarely helps the new incumbents.

You of course will know better.

DB23
22/09/2011 20:31
I sure we're all grateful for Mr T maintaining Prem rugby in the North East but, as I said on another thread, I see no benefit in Mr T staying on. Also, forums are about opinions and should be expressed freely as long as it doesn't involve personal comments which is why I post rarely due to said tedium. Nevertheless, TL is entitled to his view on this topic and see nothing vengeful in his post.

JRT
22/09/2011 21:30
As much as Mr Thompson has done for the club, and its fair to say the club wouldn't be still in existence without him, I agree with Touchy. Its not like the new owner is coming in blind, he's been there for a year now so knows the basics of whats going on. If he didn't, then you could see the point in Mr Thompson staying on.

lizard118
22/09/2011 21:51
I dont claim to know evrything Touchy, I just find your sickening and constant digs at Thumper depressing, and i am not the only one. To me those are not opinions, more like a personal crusade against the man.
Kurdi is the new owner now so if he wants him to stay on in his current capacity why should that be any of your problem. L
And yes DB everyone is entitled to an opinion but most if not all Touchy's input on here is negative in nature and quite personal.

I dont think this forum should be the place to forment ones' vindictive ideas. Like I said Thumper is responsible for the North east having professional rugby and whatever his flaws we should all be grateful for that and give him a break now.He is no longer the owner.

steve1888
22/09/2011 22:22
I would hazard a guess this messageboard would benefit a lot more in regards to sources and information etc if it wasn't for touchline constants digs at the club.

sour
23/09/2011 07:09
Presumably SK sees the benefit of retaining thumper on the board..."it's not like he's coming in blind" after all

TouchLine
23/09/2011 08:25
Why presume that?

Perhaps Thumper would only agree to a deal which kept him involved.

We don't know so can only take it on face value and comment on that.

DGNTR
23/09/2011 09:34
If I were a betting man I'd say that it was a condition of the deal that he retained involvement and his 20% stake. Just my opinion of course, I don't know that for sure.

TouchLine
23/09/2011 13:17
That would be my guess too.

Getitright
23/09/2011 17:26
without knowing or second guessing the detail of Kurdi's financial involvement in the Falcons is it not a simple business equation?
Kurdi presumably wants something in return for increasing his investment in the club. So to inject many £100K's into the club and to take his shareholding from 40+% to 80% they issues new shares. He becomes the majority shareholder and thus has a greater 'controlling' influence on the club. In the same breath Thumper has magnanimously agreed to waive a proportion of the interest due on his loans to ensure it all moves forward.

Unfortunately for Kurdi I don't think the club is generating sufficient income at this stage to cover the day to day running costs so his investment is very much a continuing day by day input, beyond the additional expenditure of new signings, etc, etc.

His new management structure will be interesting to see as that may give some idea of the way he would like the club to move forward. Same commercial team? Negotiate ground buy back from Uni, future use of Druids Park and so the possibilites go on.

Interesting and exciting times.

Mafia
23/09/2011 18:26
I would say they need a director of rugby - someone above Tait and below the board - suggest Dean Ryan.

TouchLine
23/09/2011 19:24
He's certainly the best video analyst Sky have had.

I'm not a fan of revisiting the past and he has been here before in a coaching role albeit as a player and part of a triumvirate.

Peter Taylor
24/09/2011 00:42
Firstly I, like Leipy, wish to thank Mr. Dave Thompson for th last 13 years. I totally agree that without Dave Thompson there would be no Newcastle Falcons as we would have folded when the Newcastle Sporting Club model fell apart.

Going on what I have been told, and read, rugby clubs in general have required over £1.5 million annually to function. it doesn't take a genius to workout that DT has put at least that amount into this club, if not more. just for that we need to be saying thank you, but we have a ground and a team that needs support.

it is all well and good putting forward opinion, a bit more positive would be nice and that positivity from the fans encourages the players, but we now need to be at games supporting the new regime and moving the club onto greater things. Can't do that from home!

On another note there is somebody above Alan Tait an his coaching team and that is Dave Bell. He is the man that deals with the financial side of the club. Tait & his coaches identify players they want, contracts that need sorting and all the other non rugby bits and pieces that need to be done and he is doing a good job. the club needs stability and he is the man to provide it, along with the new part owner, so that AT can concentrate on getting the wins that will make people happy.

These gentlemen need the support of the fans, as well, because then they can approach and good players persuade them that Newcastle is a great place to come and play your rugby.

Part of the reason for DT holding a stake in the club is that he can continue his work with Premier Rugby, the RFU and the clubs. This means that Seymore Kurdi can look after the Falcons, with the club's views being represented by DT, continuing a job he has been doing for the last couple of years. You don't throw that expertease away, you utilise it, so that is what the Falcons are doing.

Although the club needs our support now, we will not see any changes in the club quickly as Mr Kurdi will be assessing what needs to be done. These are exciting times at Newcastle Falcons andwe need to e there and involved and we can drive this club through to being a massive force in English rugdy, we've been there once and I for one want to be part of it.

Let's get out there and support our Falcons and show Seymore Kurdi that we are all solidily behind him!!!

As an aside how about thanking Mr Thompson by giving him the honour of having a stand named after him. I suggest the South Stand should be re-named The Dave Thompson Stand. What a way to thank him.

Maccafan2
24/09/2011 08:28
Pass the sick bag.All this eulogising of Mr T. He saved the club,and has invested some money.Thanks,and goodnight.Get behind Kurdi,yes, but the team have a lot to do on the pitch to get the lost supporters back.Perry and Arnold have gone,and Tait remains,bizarre.

Kwa444
24/09/2011 14:04
ER yes - we could rename one of the bars in DT's honour too - "11th Place" sound good to anyone?!

Thank you for keeping us in the AP, DT. I am not grateful for the stressful way in which it was done though - in some respects it has been almost cruel.

Good luck to SK. Wish you all the best in turning things around. Please prove that you have a good plan to move forward and that we are not just moving chairs on the Titanic.

The North East deserves a decent top flight team, but we must meet the standards of the league we are in by providing quality entertaining and hopefully winning rugby. On and off the pitch serious financial and management alterations are needed. I don't rate Tait because he is more negative than Touchy, but I often wonder if he has ever really been given a fair go with the lowest of all squad budgets.

Maccafan2
24/09/2011 20:45
Mr T has left us bottom,longest losing run ever.coach who is a joke and we don't own the ground.Thanks you Mr T.

lizard118
25/09/2011 09:13
Give it a rest Maccafan, you're beginning to sound like a broken record! We all know what's gone on. The results are depressing enough as it is.

DGNTR
25/09/2011 17:24
"it doesn't take a genius to workout that DT has put at least that amount into this club"

Clearly you are not a genius then, DT has put nowhere near £1.5m annually into the club. Several million over 13 years, yes, but not as much as that.

DGNTR
25/09/2011 17:28
That's not a dig either, just clearing that up.

Thumper is owed about £2.3m as at 30 June 2010, so that is the sum of his loans outstanding (net) to the club over that period up to that date. The 30 June 2011 accounts will maybe tell us what has happened in the year since then but we will have to wait a good while yet before we can see the transactions that have occurred in the last week or so.



Edited 1 time(s). Last edit at 2011:09:25:17:30:21 by DGNTR.

Getitright
25/09/2011 17:52
Suspect the financial transactions are not as substantial as you may think. More a matter of a shift in emphasis from both parties.

One wishing to get closer to the issues/action the other the opposite

DGNTR
25/09/2011 21:57
I didn't think they would be substantial.

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