There was some seemingly bad news reported today, that the transfer funds available to Keegan in the summer, will only be Â£20M, but it was also reported only in the venerable Daily Mail.
Kevin Keegan – Â£20M available?
Yes, we know, it’s our second dig at the Daily Mail today, but that paper has been almost criminal in its reporting on Newcastle, and reached new journalistic depths yesterday, with one of it’s reports.
But if we look at what they say, it isn’t as bad as it first sounds. Let’s take a closer look and assume the Â£20M figure is true.
First of all it would be Â£20M plus whatever Kevin can get from players he sells.
Well, we can get money for Ameobi (Â£3M), Rozehnal (Â£2M), N’Zogbia (Â£8M) and say we sell Alan Smith (Â£6M).
If we assume that, and yes we know some of the transfers could be more or less, but let’s say those are just averages for this exercise, so Kevin could bring in Â£19M .
So he really has Â£39M available, and don’t forget when we sign a player for say Â£20M, it’s not the full Â£20M out of those funds.
For Modric – who was around Â£18M we were paying only Â£6M for him this year, and then Â£6M over each of the next 2 years for him.
If we assume that each transfer fee will be paid like that one, then you can get a lot of good players in for Â£39M. One way to look at it is to say it’s 3 times Â£39M divided by the full transfer cost of each player we get.
In other words it’s equivalent to Â£117M (3X39) if we were to take the full Â£18M transfer fee for Modric, just as an example.
So Â£20M isn’t too bad, especially when Kevin says he only needs 3-4 class players and then on top of that we can pick up some free transfers. Sol Campbell is a good example of one of the free agents we may get.
And obviously the advantage to Newcastle for splitting any deal over 3 years is we get new funds every year from TV, gates etc to help us pay those transfer fees. Of course as one of our readers, Marosh, rightly points out in the comments , not every club will want to do this, they’d like the money up front if at all possible.
So Â£20M may not sound as bad as it initially looks – now does that now qualify the Daily Mail report on Newcastle as positive?
Just kidding. 😀
What do you think?
Comments very welcome.