The People and to a lesser extent the Sunday MirrorÂ newspapers today are reporting that Sam Allardyce has a maximum of Â£10M to spend on transfers this summer â€“ 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 Â£5M his sale will bring into the coffers. We’ll look at this story but think it’s just mischevious.
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.Â The People is sayingÂ the Â£10M total figure includes the wages of the players he signs. ButÂ what does that mean exactly?
Does it mean if Sam signs somebody on a 4 year contract for Â£3M and pays the player Â£1m/year it’s Â£4M or is is it Â£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.Â 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:
â€œBuilding 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.â€
â€œSam and I feel more signings will be required before we are ready for the new season, particularly to strengthen our defense.â€
So Mort has already said new signings are necessary before the season starts.Â Â We have to believe this storyÂ isÂ made upÂ 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 Â must be made very quickly by our new board to clear up this confusion.
If this story is trueÂ it is extremely bad news not only for the club but specifically for Sam himself.
Comments are very welcome on thisÂ news.