Newcastle Transfer Kitty £10M – We Don’t Believe It


The People and to a lesser extent the Sunday Mirror newspapers today are reporting that Sam Allardyce has a maximum of £10M to spend on transfers this summer – plus anything he can get from the sale of players.

First of all we have no idea if this story is true and we find it rather hard to believe quite honestly.

But if it’s true it’s a terrible blow to Big Sam and his plans to build the squad for a turnaround season at the club.

No wonder he wants to sell Dyer quickly to get the £5M his sale will bring into the coffers. We’ll look at this story but think it’s just mischevious.

mikeashley-2.jpg

Newcastle Owner Mike Ashley

People Sport has reported they understand the lawyer put in place by English billionaire owner Mike Ashley, has told Sam he needs to sell before any more cash becomes available. We again find that hard to believe because we all know the squad is too small by Chris Mort’s own words so who do they expect Sam to sell?

Like most pre-seasons at Newcastle we have already been hit by injury with star signing Joey Barton out until at least mid September with a broken foot.  The People is saying the £10M total figure includes the wages of the players he signs. But what does that mean exactly?

Does it mean if Sam signs somebody on a 4 year contract for £3M and pays the player £1m/year it’s £4M or is is it £7M out of the transfer kitty. That doesn’t even sound right to say it includes the wages as well.

Chairman Chris Mort took control at St James’ Park following Freddy Shepherd leaving the club last week.  Sam had earlier said this about the new regime at the club:

“They know very little of football. It’d be pretty foolish not to back me now.”

“It’s for me to provide the information to help them understand why I’m doing what I’m doing and where I’m going, and show them we need to initially focus on the first team.”

We know the new regime is on a steep learning curve but what we’ve seen and heard from Chairman Mort so far have been the right things – with no mention of the specific money being made available to Sam – but that’s just solid business.

This is what Chairman Chris Mort said in the program notes on Thursday for the game against Celtic:

“Building a squad that is capable of competing at the highest level will take time – nothing happens overnight – but we are confident that in due course, we can take this club to a higher level.”

“Sam and I feel more signings will be required before we are ready for the new season, particularly to strengthen our defense.”

So Mort has already said new signings are necessary before the season starts.  We have to believe this story is made up to sell Sunday papers.

However, what we do now want to hear is a denial for Chris Mort and that there is sufficient money in the transfer kitty to bring in the class of player Sam Allardyce wants and needs. This acknowledgement  must be made very quickly by our new board to clear up this confusion.

If this story is true it is extremely bad news not only for the club but specifically for Sam himself.

Comments are very welcome on this news.



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77 comments so far

  • george t

    Jul 29, 2007 at 9:30 AM

    Comment #1

    who is writing for the sunday papers….. victor meldrew ..what a load of bollocks ….i dont think big sam would stand for being restricted to 10 mill
    he has afterall only spent about 3 mill on the four signings already on board

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  • Michael

    Jul 29, 2007 at 9:30 AM

    Comment #2

    ‘However, what we do now want to hear is a denial for Chris Mort and that there is sufficient money in the transfer kitty to bring in the class of player Sam Allardyce wants and needs. This acknowledgement must be made very quickly by our new board to clear up this confusion.’

    Why should he? It was an article in the Sunday People, the least reliable of all papers. He’s already said that we need to make signings before the start of the season and we know that allardyce is trying. We could all just use a bit of common sense instead of needing assurances every 5 minutes because some crappy rag is talking shite again.

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  • richupindisbiatch

    Jul 29, 2007 at 9:30 AM

    Comment #3

    for a guy who reportedly wanted ronadldinho would av ta cough up more dan that 10 million. the story is jus another peace of bullsh*t

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  • Shaun

    Jul 29, 2007 at 9:35 AM

    Comment #4

    I think it’s bollocks, let’s wait and see what happens in the last couple of weeks, if I remember correctly the same papers reported that Ashley was supposed to be looking for a big signing or two.

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  • Hog

    Jul 29, 2007 at 9:37 AM

    Comment #5

    Yeah…..load of balls, don’t believe it. But will Sam (get to) spend more than 10million? Different question……….!

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  • George

    Jul 29, 2007 at 9:48 AM

    Comment #6

    I can not and will not believe what is in the papers this morning with regards to NUFC.
    1) Sam Allerdyce has only 10 million to spend. Again it is amazing how a repoter can pick a figure out of the air and run it as if it is true. from the day MA took control and at all following press conferences, NO figures were mentioned, not even £40 million. So why, has an old story come up again, and it is an old story, it was out as soon as SA took over. The question asked at a press conference was this “Sam have you got a transfer budget” reply, “Yes i have and somewhat bigger than i ever had at Bolton”, Question how much, reply ” Substantial”. He answered and still the press are not happy.

    2) Kevin Keegan to become director of football at NUFC. Again paper talk. If you were SA how would you feel about KK coming in in that position. If it were true i think it would be “BYE BYE” from SA.
    KK had his chance and moved on and i think he should take heed and not return to a club were he once managed. After all after his outburst at Alex Ferguson, he was never the same, neither was the football team. Then he flew the nest at Fulham when things got bad and he did likewise with the England job. We do not need that kind of person here, will he go or will he stay.

    3) Mike Ashley wants Alan Shearer to take on a more active and permanent role at the club. I do not think many people would disagree with this, but again can we believe the statement. Has AS not said for quite some time now he wants to concentrate on his media career first. He does admit he will do more for the club in the future, but for now he is not interested. I personally think this would be good for NUFC, but AS has made up his mind and again the papers are bringing up old stories again

    In a nutshell, there is obviously some feeling of being ignored with the press recently due to news from other quarters, and they are trying to FLOOD us with old stories in the belief that we might think them true. Wrong. Just like footballers, they forget we supporters do actually have brains, and we do actually remember things what they have said… Have they no morals, lying on the sabbath.

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  • Leazes Ender

    Jul 29, 2007 at 9:51 AM

    Comment #7

    I don’t believe this either. Mike Ashley’s business history is a typical “invest to accumulate” strategy. Typically he buys into big brand names or buys the brand outright – then makes cash from his investment. We can therefore believe for now that he wants to make United a world brand – and he’s not going to do that by buying monkeys for the team and paying them peanuts. I’ll be happier when we have a defence though! (for the first time in 10 years…..)

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  • Mark

    Jul 29, 2007 at 9:54 AM

    Comment #8

    It would explain why we have spent very little and time is fast running out. Nevermind, at least the young players will establish themselves in the team and gain more experience. Perhaps the board will allow Sam to spend next year after they see how good he is. It’s pointless allowing lots of spending if they have an alternative manager lined up? At the moment, Newcastle isn’t an attractive club to many players, it will take a good few seasons to slowly work back to the top and gain the respect needed to sign top quality.

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  • Ed Harrison

    Jul 29, 2007 at 9:54 AM

    Comment #9

    Michael – understand the comment – this is very like the Michael Owen case. Aren’t the fans going to be a little unhappy at this? The board addressing this is simply to clear that up – we believe Chris Mort should say something – they don’t need to make a big deal of it. Maybe we should first wait for the reaction from the fans – we think it’s shameful for papers to stir things up like this.
    We also thought – as you probabaly know – that Michael should have made statement on his case – why? because there were big stories all over papers about him leaving for this and that club – we felt it was for fans benefit – that is – for our benefit.

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  • Ed Harrison

    Jul 29, 2007 at 9:56 AM

    Comment #10

    George – we are not sure if Alan Shearer has that Ambassador role at the club still – does anybody know if he has?
    It was really a Shepherd – Roeder thing – not sure what his job description was.

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  • jeff

    Jul 29, 2007 at 9:57 AM

    Comment #11

    obviously with the lack of activity in the transfer market by nufc lately the press have to make something up…………..dont believe a word…….as always the press are talking shit cos they have got nothing else to write about newcastle at this moment in time..

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  • Brian

    Jul 29, 2007 at 10:06 AM

    Comment #12

    The problem with the press is that under the old regime there was always someone blabbing their mouth off, that meant the gutter press always had some juicy bit of gossip about Newcastle.

    Now everyone keeps quite, no one knows our transfer targets, no one knows how much we have to spend, no one knows whats going on inside the club, we don’t see “from an inside source” anymore.

    As far as I’m concerned thats the way it should be, better that know one knows how much we have to spend, that just makes clubs we deal with want to push up the price of players. So as long as they keep quite the better off we will be, and let the press speculate and lie, we have been the easy target for too long.

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  • George

    Jul 29, 2007 at 10:11 AM

    Comment #13

    Ed, Alan Shearer does still have the abassorderial role at Newcastle. It mainly includes promoting football with youngsters in various country`s.
    The tital was created to keep his involement with the club during his period of doing media work, which is not a full time job as many would think, well paid but not full time.

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  • rob the geordie

    Jul 29, 2007 at 10:14 AM

    Comment #14

    saying we only have 10 million to spend is also been reported in the sunday sun (the local north east sunday news paper for those of you not from the newcastle area) and didnt sam come out with something like “we may not get the quality we need in” maybe this is the reason why he said it he already knew he didnt have much money to spend

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  • nightfall

    Jul 29, 2007 at 10:22 AM

    Comment #15

    it’s not that bad…i expected worse… if we sell dyer, we have 15m…
    if we exchange emre for appiah, get cicinho on loan, we still have 15m for DL and DC… and chiellini is 7m? and we’ll get sol for free, so… more then enough…

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  • carl

    Jul 29, 2007 at 10:25 AM

    Comment #16

    this would explain the lack of transfer activity – yes,but i find it hard to believe as surely ashley and his team know it would be a big f*&^k you to the toon army.and we,d of been better off with 20 mil from shepherd.na- i dont think so, not even ashley and mort can be stupid enought to piss us lot off.but if they do theyl soon see what shepherd had to deal with!

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  • Josh

    Jul 29, 2007 at 10:27 AM

    Comment #17

    George – I do agree with you, Papers like that just say ANYTHING as there is nothing else to report on the Newcastle Front, nobody knows what is happening with there transfers, but question George, when did Big Sam say he has a big enough kitty?

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  • carl

    Jul 29, 2007 at 10:27 AM

    Comment #18

    i dont agree if we sell dyer for 5 it would be good for us to have 15 mil. we need 4 – 6 players.yes 15 mil might get the mackems 6 players .but not us,not even 4.

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  • carl

    Jul 29, 2007 at 10:31 AM

    Comment #19

    it does worry me that sam said ( the pot of quality players has gone down,i may get the numbers in but not the talent) i think thats a load of b***cks.very worrying

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  • valle

    Jul 29, 2007 at 10:32 AM

    Comment #20

    Listen… Why in the nine hells of fury would MA buy a club where the supporters are on the verge of a bloody war againts their board and then go and put the club in an even worse situation, it wouldnt take too many brain cells to figure that the supporters would have his head. We are fed up and in no mood for our club to be a money machine instead of a success. Also, there is a loss of hard proof from the papers with no statements and the like… The problem with our transfers lie in the fact that we are being picky, because big Sam apperently only want players with EPL exp, not because the backing aint there.

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  • valle

    Jul 29, 2007 at 10:34 AM

    Comment #21

    Furthermore, this article could be spin doctoring or in any case work in our own favour… If we are seen as an Abramovich other clubs will demand overprice, so it might save us some silly prices if other clubs beleive that we are on a low budget.

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  • carl

    Jul 29, 2007 at 10:38 AM

    Comment #22

    i agree sam is being too picky,certain height ,epl experience.? it makes the target list very short

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  • shaun

    Jul 29, 2007 at 10:39 AM

    Comment #23

    ummm…hasn’t anybody noticed; we’re not actually signing anybody, if there were significant funds available i think we would be, mort didn’t say we need more players actually said we need more in defence.

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  • valle

    Jul 29, 2007 at 10:40 AM

    Comment #24

    Brian:

    I like ur thinking, nice one…

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  • George

    Jul 29, 2007 at 10:42 AM

    Comment #25

    Josh, very good question. Sam has only said he has a substatial kitty bigger than he had at bolton, he has never mentioned a figure.
    But as you seem to be a person that looks deeply into comments made, what about your thoughts on this, the press are stirring things up mentioning figures, this seems to be on the back of SA saying he may not get the quality he requires. My thoughts are, have the press not tried to make more of this than they should. Was it possible SA said this because of inflated transfer fees all of a sudden and refusing to pay over the top for someone. Me thinks that this could be more to the point.

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  • derek mooney

    Jul 29, 2007 at 10:42 AM

    Comment #26

    paper talk is all well and good – but that’s all it is. No businessman worth over a billion would buy a premier league club off the cuff – any fool knows the playing side costs big time, all the time. Tell the world how much money is available to sam and every club and agent in the world will hike up the demands. Patience – adding owen, ameobi,barton,emre, duff and even two defenders to the squad that beat celtic the other night will take the club forward on stage one. Forget the transfer window in january – the only players that move at that time are those that can’t get a run with their clubs – so the key to progress this term has to be improved injury stats. Bearing in mind Bolton’s record with older players the science and back up teams now in place must surely bear fruit. The general quality and power of the pressing game shows the fitness training is better than Paul Winspers – let’s see if the toon hamstring curse goes away as well! Final note – gary speed said last year that prozone does’nt allow a player the chance to hide – heart monitors during friendly games when EVERY player is pushing himself to get in the team is a clever way of setting a benchmark for each player for a season.

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  • george t

    Jul 29, 2007 at 10:44 AM

    Comment #27

    josh….. i dont believe sam has ever said how much he is being allowed to spend but we are led to believe it would be *substantial* …your guess about how much that will be is as good as mine ,but i would hope it would be a lot more than ten mill or we could/would be struggling again if more injuries pile up

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  • nightfall

    Jul 29, 2007 at 10:49 AM

    Comment #28

    guys it’s not that bad…15m is a lot for manager like sam…
    like i said, if we swap emre with appiah, get cicinho on loan, and sell dyer for 5m and i’m 90% sure sol will come…
    so our squad will be:

    GK: given, harper
    DL: babayaro, (chiellini, shorey, heinze, baines = 7mio)
    DR: geremi, ramage, (cicinho)
    DC : sol, taylor, rozehnal, huntington
    DMC : butt, appiah
    MR : milner, solano
    ML: duff, n’zogbia
    AMC: barton, luque
    ST: viduka, owen, martins, shola, carrol

    our squad will be big enough…(at least) 2 players for each position…plus geremi, solano can both play as defenders or midfielders, milner can play on left or right, n’zogbia can play as DL, ML or MC,… 15m is more then enough…

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  • Josh

    Jul 29, 2007 at 10:52 AM

    Comment #29

    To be Honest, in this day and age there is NO team and i mean NO team in the premiership who would dream of spending less than 15m
    It just is NOT true and the paper has done there job of causing gossip and getting people talking, its a load of crap and didn’t the SAME paper go on to say the Birmingham were gonna bid for Raul??? i mean come on

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  • Ed Harrison

    Jul 29, 2007 at 11:03 AM

    Comment #30

    George – thanks – maybe they want to talk about what Alan’s role can become once he finishes with the BBC next summer. Think that’s a good move. Also like the way they want to get Keegan involved – if this is all true.
    Those two are heroes in Newcastle and for good reason – one as player and one as manager (and former player).

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  • Ed Harrison

    Jul 29, 2007 at 11:06 AM

    Comment #31

    nightfall – your team shows we need a left back badly. Also don’t you think Geremi would be better for us in midfield? Ramage may make a good right back if he give him a run there – that was his position in his debut as we recall.

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  • sam gardner

    Jul 29, 2007 at 11:10 AM

    Comment #32

    i agree with nightfall 15 million is good and swaping emre for appiah cincinho on loan and celleini (what ever he is called) for seven million selling dyer is brill

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  • joel gledhill

    Jul 29, 2007 at 11:10 AM

    Comment #33

    quickly we need too sign someone,time is running out (tuesday deadline day)

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  • sam gardner

    Jul 29, 2007 at 11:13 AM

    Comment #34

    no it is not end of august is the transfer deadline not tuesday

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  • Ant

    Jul 29, 2007 at 11:13 AM

    Comment #35

    Got to admit though this makes sence. Does MA really want to give BSA his money to spend when BS isnt MA`s man. What choice did Ashley have….. Sack the manager when hes just been put in place …. how much would that have cost? Or keep him give him a year, on a tiny budget and in that time try to get the man he wants. Speculated to be Wenger.
    So maybe BS is working on a small budget who knows. One things for sure MA isnt going to tell us. At least with Fat Fred we had an idea of where we stood how much was in the kitty and he backed the managers.
    Its been said BS has the backing, nows the time to prove it Mr. Billionaire. We need quality players and we need them soon. With the current squad a mid-table finish will be a good season for us, and with half the injuries we had last season we’ll be flirting with relegation
    for f***s sake Sam spend his money IF you have it.

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  • t-g-w

    Jul 29, 2007 at 11:22 AM

    Comment #36

    I, too, believe this story to be a piece of tosh. As for BSA claiming there is not quality out there, that is rubbish aswell. Yes, a lot of his targets have probably gone to other clubs, but that is because they were in a certain price bracket and will have been snapped up first. There is still quality out there, but you just have to pay more for it. Sol Campbell is very much available if we put in a bid and he wouldn’t be that expensive (think this is the last year of his contract at Prtsmouth and he is frustrated there).

    I think part of the problem with BSA is that is afraid of spending money and that the only obstruction to our progress in the transfer market is the manager himself. I do believe that he is the right man for the job and he is a great man manager (like Sir Bobby) and tactician (the best Newcastle manager I can remember), but he must get used to being at a big club and acting like one in the transfer market as opposed to Bolton who were not really expected to finish in the top half – they merely hoped they would. Again, I do not want him to have 50 million to spend and squander it a-la Souness, but I think he needs to learn to grit his teeth, stick his neck out and spend that little bit extra to get in the quality we need – that will make the difference between us finishing 10th or finishing 6th. I also think Ashley is rather impatient and if BSA doesn’t perfrom this year then he will be gone, which is a shame as he is capable of being very successful here. Here’s hoping…

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  • rich

    Jul 29, 2007 at 11:29 AM

    Comment #37

    i think if this was ture sam would be spitting fire on skysportsnews (Hes boycotted BBC) and the only thing hes said is that the new owners need to learn to move quicker…. that to me sounds like Sams had targets and the money but Chris Morts people moved too slow (maybe Ben-Haim?)

    I have a feeling BSA will be very truthfull about his new partnership with the board as hes in a unique positoon that they didnt appoint him.

    @ ED CASE

    BBC Gossip column, could be yesterdays wish coming true?:

    Newcastle boss Sam Allardyce is trying to sign Abdoulaye Faye from his former club Bolton Wanderers. (People)

    i just noticed it was reported by The People tooo….:-\

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  • rich

    Jul 29, 2007 at 11:31 AM

    Comment #38

    ^^^

    Also in Gossip column:

    New Newcastle owner Mike Ashley is hoping to lure Kevin Keegan out of retirement to become the club’s director of football. (Various)

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  • Josh

    Jul 29, 2007 at 11:31 AM

    Comment #39

    George i think your thoughts on it are spot on, i believe Sam is only saying this cos all players he is after are valued to high, nothing to do with not enough money in the kitty, but lets say he is given 25m and he wants to get 4-5 GOOD players out of that, it must be SO frustrating when players worth only 5m are going for 7m then he can only get 3-4 players instead, if u understand my reasoning.

    I am sure he has enough and to be honest from over the years we have brought in a lot of rubbish much better to take time and just get QUALITY players but whilst at same time getting in Europe which in turn will attract better players to us.

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  • Jinal

    Jul 29, 2007 at 11:38 AM

    Comment #40

    When Ashley gave in his proposal to buy the club, didn’t he say that he was going to spend 300 million pound on the club in the next 4 years with 50 million for signings this summer? Does anyone recall this or am I mistaken?

    As for the article, just like my fellow mags, I say its bollocks. Ashley and Mort might be wanting to run a business here but judging from their success in other lines of trade, they know that right now they need to invest!

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