The Evening Chronicle is reporting today that Newcastle could be willing to write off almost Â£10M they spent on Albert Luque â€“ to save themselves paying the striker around Â£9M in wages over the next three seasons.
When you look at the deals Souness made for Boumsong and Luque, while manager at Newcastle, they were certainly calamitous deals.
Not just because of the outlandish transfer fees he paid but also because of the wages Newcastle agreed for those players.
Albert Luque – will Newcastle cut their losses – a season long loan would be a better option
Sam has come in and over the last three months has not only made 7 excellent signings but has also probably offered wages that are not insane.
But we still suffering a little from the Souness legacy because of our enormous wage bill. There are probably at least four strikers in front of Albert this season – Owen, Martins, Smith, Viduka and maybe Shola Ameobi. While Albert can also play on the wing it’s going to be crucial to understand how often Sam can use him this season since we don’t have all that many games to play.
There’s a distinct possibility that Luque may not get the many games he needs to get fully match fit so he can reproduce his old form. We also know Newcastle are trying to get a handle on their costs â€“ to put the club in a better financial situation for the future.
Levante have come in and apparently Luque is considering a season long loan deal to Spain. That would be good from a financial viewpoint for Luque as it would presumably mean the Spanish club would pay his wages. It also allows Luque to play more games and get back some the form he had before he came to Newcastle.
Alan Oliver is suggesting United are considering letting Luque go on a free, cutting their ties with the Spanish striker completely. But if Sam will not use him much at Newcastle the more sensible way to go is to send him out on a season long loan. Just think what happens if he manages to score 10 goals in Spain this season â€“ or even more. Since he still has three years left on his contract we would have the chance next year to get a decent fee for him and recuperate some of the money we paid out for him.
If Luque does go to Levante, he will link up with former Newcastle winger Laurent Robert, who is playing his football there next season. Ironically, both Luque and Robert were Â£10M signings by Newcastle â€“ although Newcastle got a lot more out of Robert than they have out of Luque so far.
So this is not clear-cut and it’s understandable the Newcastle management are at least looking at the loan possibility. But Sam will have some input to this â€“ and it’s not a pure financial decision and if Sam thinks he can use Luque this season and wants to keep him â€“ so be it.
What do you think â€“ should we keep Luque? Will he get enough games under Sam? Because if not it may be for the good of both Newcastle and Luque to loan him out for a season and see how he performs.
Comments very welcome.