Michael Owen is trying to negotiate a new deal for himself at St. James’ Park.
Michael Owen – only 13 of these in 2.5 years
But our Chairman Chris Mort is unlikely to do anything until the end of the season. It will only be then that we’ll know if we’ve survived in the Premier League.
If he haven’t then we expect Michael Owen would be one of the first out of the door.
And if we stay up it could well be that Newcastle chooses not to renew the contract of Owen. That wouldn’t surprise us, but if that’s a decision we take we’ll need to sell him in the summer, because his contract is up in June,2009 and we may risk getting nothing for him.
The news yesterday in the People was that Newcastle have decided to take a hard line with the former Liverpool and Real Madrid player by telling him they will only consider his demands when he become more prolific in front of goal.
You can hardly say Michael has earned his wages at Newcastle, whom he joined on the last day of the transfer window in August 2005, to great fanfare.
Since that time he has played only 38 games for the club, with 5 of those as a substitute. He’s scored 13 goals, not exactly a fantastic contribution to the club.
Michael is on around Â£100K/week – give or take, so in the time he’s been at the club we’ve paid him around Â£12.7M for around 2 years and 23 weeks of service. That’s not to mention the fee of Â£17M we paid to Real Madrid for his services.
If you add that in, then the total outlay we’ve laid out is Â£34.5M for Michael’s services so far.
He’s scored 13 goals so that’s around Â£2.65M for each goal.
Is that too harsh – well those are the facts, that’s all.
Yes, we know he’s been out injured a lot, and that’s not his fault, but these are the cold statistics over the last two and a half years.
For business people like Chris Mort and Mike Ashley, they probably do not make for good reading. And from those facts it’s hard to argue he’s been a good deal for the club.
Whether he’s worth continuing with is a good question, that only Chris and Mike will decide. But the news today is that his agents are trying to negotiate an increase on his current deal.
Keegan may try to sway the deal, because he seems keen on Michael. But it’s hard to argue that Michael’s the player he was. He’s lost a lot of speed, and if he cannot score goals to help Newcastle in their hour of need, that has to tell you something.
We don’t see our relegation candidates like Derby, Fulham, Bolton, Reading or even Sunderland being able to afford a Â£17M player – but that doesn’t stop them out fighting us for survival. 🙁
Of course, if we do get relegated, we’ll have to unload Michael quickly, but we can hardly expect too much for him. So we’ll take a big loss either way.
Looking at the facts and figures of Michael’s time at the club, it’s really hard to make a good case for him staying – at least from the club’s point of view.