Newcastle’s Joe Kinnear In A Catch 22 On Transfers

As we reported yesterday Joe Kinnear was in France watching the Lille Rennes game yesterday afternoon that Lille won 1-0, and he was said to be scouting both Rennes midfielder Stéphane Mbia, and Lille center-back Adil Rami.


Adil Rami – 6’2″ Lille center-back Newcastle seem interested in

It will remain to be seen if Newcastle will bid higher than the £5M they have already bid for Mbia, since the Rennes club apparently want twice that amount. But maybe a £7M – £8M bid would do it.

So it looks like Joe Kinnear will face a choice of whether he brings in a number of players or one or two really good ones.

What he does will depend a little on the injury situation, because Barton being back is a big help, but of course if some of the players get injured again, we’ll be in the same old pickle, so it’s not an easy decision for Joe.

Mike Ashley of course could solve it be giving Joe a little more money given the terrible situation the club is in – and given his immense unpopularity with fans, why wouldn’t he do that?  We wouldn’t be at all surprised if Joe tries to squeeze that extra money out of the owner, and points to the Newcastle fans’ increasing annoyance at the owner, as just one reason for Mike to cough up the money.

Joe said today:

“I’m certainly going to spend the £10m I’ve got,” “I was trying to spread the money wisely and buy two £5m players. On each occasion, the (selling) club has said they want £10m.”

“ Whether I get that kind of money is debatable. The club’s hemorrhaging money and you know what’s happening in the economic climate.”

“The question now is do I go for one £10m player, or do I keep searching for two £5m signings?”

“I’m not going to take free transfers and I’m not going to take some of the players who have been offered to me this week. We’ve got to be in there getting top-class players because this is a top-class club.”

How is the club hemorrhaging money?  That’s news to us.  Presumably we have been told the club has no debts, so we’re not sure where that is coming from since the attendances, while not sell-outs are still better than an awful lot of other clubs.  So we don’t understand that one – maybe the Board will explain – but there’s little chance of that of course – since they refuse to speak to fans.

Joe has difficult choices, but the pain of having to shell out more money than Mike wanted to in January – will be much better than finding ourselves  in the Championship next season.

Comments welcome.

28 comments so far

  • Steve R

    Jan 19, 2009 at 10:25 AM

    Comment #1

    hemorrhaging money, ya Ashely is hemorrhaging money, about 600mil of it. Whatever happens we better get a few players in quick, cuz the result against Blackburn was pathetic- although we were a player down and the penalty was an awful decision.

  • Kash

    Jan 19, 2009 at 10:30 AM

    Comment #2

    The club still has debts, as Ashley didn’t really pay it all of. The club is paying a directors loan to Ashley. He’s still getting his money back. It’s just backwards accounting!!!

    Simple fact of the matter is that Joe needs money to buy 4 players to add to the current squad which are a LB, RB, CM, RM.

    Then if he sells players, he needs to replace them (apart from GK’s IMO), such as Geremi, Zogs and possibly Smudger (if a decent opportunity arises).

  • clinta

    Jan 19, 2009 at 10:31 AM

    Comment #3

    AHH will you shut it JK talking way to much and only doing us harm in doing so.

    ‘well Iv’e got £10m to spend’ funny enough Rennes reject and offer of £5m, for some reason they want £10?!!!

    Would love him once to say ‘ well we were rubbish in areas on the day, we’ve notified our weakness’s and will work at them in training’

    Not just ‘the ref robbed us’ oh the injuries’ and ‘i need more money’

    the first response shows a man with a it of knowledge and direction. the second responses show a man well out of his depth.

  • Rem

    Jan 19, 2009 at 10:31 AM

    Comment #4

    I work in the bar on the match days, and all the tills make half as much ( on a good day) as they did last year.

    and if we are losing money there we will be losing money every where else.

    I think it has been sold the bars to a company, not sure though, someone told me that.

  • NotAGhostToon

    Jan 19, 2009 at 10:33 AM

    Comment #5

    I’m getting really bored of this transfer window. If we’re gonna get no-one i’d really rather know now. I’m one of the optimists on this blog but even my belief is waining

  • Prince Bassong

    Jan 19, 2009 at 10:34 AM

    Comment #6

    I know this is off topic but IMScouting has an article on our Hungarian trialist. Here is the interesting bit:-

    Gosztonyi is a part of the Hungarian Under-19 squad. According to IMScouting, he is a “consistent electric and offensive winger that can play on both the right and left side, he is right-footed, so he prefers the right wing. He helps a lot defensively, falls back and constantly runs up and down.”

    IMScouting’s network of scouts in Hungary add that Gosztonyi “likes to attack and face up to defenders without losing time. A very dynamic player, nevertheless he needs to gain more experience. Has very good technical ability and many skills.”

    That does make him just like our Jonas which is very promising. Then all we need is a good mix of coaches and a manager who’ll be our very own Wenger and will actually bring these youngsters through.

  • liambirchy

    Jan 19, 2009 at 10:38 AM

    Comment #7

    mbia 10m
    mido/smith swap
    two loanees

  • Weezertron

    Jan 19, 2009 at 10:38 AM

    Comment #8

    I used to think this guy was canny, not a good manager like, but canny.

    Hes a bit of a mug in reality. He grates on me more than Ashley ever could.

    BooHoo JK, you only have 10 million. If he did his job our current squad could be winning games.

  • Stuart79

    Jan 19, 2009 at 10:39 AM

    Comment #9

    Buying one 10m player just isn’t going to work Joe you idot!

    What if he got injured in his forst game?

    Get Steve Bruce in, he could spend 10m on five players and they would top notch

  • Tom

    Jan 19, 2009 at 10:43 AM

    Comment #10

    Mbia would be worth the 10 million. Sell N’Zogbia for 5-7 million, and replace him with the loanees, Lovenkrands and the 4 youngsters we have on trial.

  • The Real Entertainers

    Jan 19, 2009 at 10:50 AM

    Comment #11

    hemorrhaging money ?????

    We keep hearing how solvent the club is and that our hero Mike got rid of all the debt.

    I understand were still paying for transer fees from seasons ago, but surely Mike knew this and we’re no different from other clubs in that respect.

    So if we are still in the red, it begs the question, what exactly has Mike Ashley done for this club ????

  • Tom_Toon

    Jan 19, 2009 at 10:56 AM

    Comment #12

    “I’m not going to take free transfers and I’m not going to take some of the players who have been offered to me this week. We’ve got to be in there getting top-class players because this is a top-class club.”

    G0od job nobody takes Fat Joe’s quotes literaly, that would mean Lovenkrans wont be signings.

    As for some of you, how can you even contemplate putting Lovenkrands on the wing?!?! He is shocking there, he is only decent upfront through the centre.

  • Toon Graeme

    Jan 19, 2009 at 11:15 AM

    Comment #13

    Im sure I have read that MA paid off our debt.

    Well if it is true, what makes you think the next xfer window will be any different?

    Fire sale anyone?

  • Kash

    Jan 19, 2009 at 11:15 AM

    Comment #14

    @Tom_Toon – I think that decision is ultimately down to JK! None of us on the blog have a say on the team linup or tactics!

  • Raffo

    Jan 19, 2009 at 11:23 AM

    Comment #15

    Guys if the club is losing money, do we think this could be down to the supporters protests and not buying stuff on match days, programmes, food etc?

    Now that was a well hatched plan because as predicted it has come to bite us on the arse.

    Foolish off hand reaction. Now the club hasnt got as much to spend BECAUSE OF US!

  • Kash

    Jan 19, 2009 at 11:29 AM

    Comment #16

    @Raffo – From soemthing I read a while back, MA supposedly paid the debts of Newcastle off in one swoop. Thats not necessarily the case, as the debts paid off, are now (as far as i’m aware) shown as a directors loan from MA. That basically means we still have the debt in hand, and if anything the terms of the loan are dicated by MA, which therefore could result in higher repayments over a shorter period of time, on a higher interest rate.

    So if we’re supposedly losing money, most of that will be due to the club paying back MA!

  • Chizzy_Toon.

    Jan 19, 2009 at 11:32 AM

    Comment #17

    @ Raffo – What would you have suggested then? rather than the protests and not buying stuff from the club shops??

    Sit back, say nothing??
    Thats what people like Ashley hope for, that they can do whatever they like, and the fans/customers will just have to accept it.

  • Raffo

    Jan 19, 2009 at 11:34 AM

    Comment #18

    Do we honestly think he has paid off all the debts? Even if he has the club is his, so why does he have to pay himself back so soon? The club is an asset and as such maintains its worth whether the money is in the clubs books or his pockets. Surely it would make more sense to have the club listed as profitable ie not leaking money so as to make it more attractive to prospective buyers?

    And as the owner he shouldnt be doing it to the detriment of his business if he is such a brilliant businessman

  • Benny Boy

    Jan 19, 2009 at 11:36 AM

    Comment #19

    Wouldnt it be better to buy Bullard for 5 mil as he is proven in the prem and spend the other 5 mil in other areas we need. ie: LB RB ect

  • Kash

    Jan 19, 2009 at 11:41 AM

    Comment #20

    @Raffo – Mike Ashley has made masses of money by buying failing businesses with flawed business models and squeezing as much profit out of them as possible. But they were all sports brands like Donnay etc etc etc.

    NUFC is a football club, which at the present moment requires all profits to be ploughed back into the buying players!!! Why can’t you see that MIKE?


  • Kash

    Jan 19, 2009 at 11:43 AM

    Comment #21

    Plus how can Mike Ashley be such a class businessman if he made stupid mistakes like appointing Wise & Llambias, signing players who aren’t good enough behind KK’s back, letting KK get the sack from Llambias and then trying to sell the club unsuccessfully for £400m?


  • Raffo

    Jan 19, 2009 at 11:44 AM

    Comment #22

    Kash, cos he is an a grade tosspot.

    I am more than happy to come on here feb 2nd and say sorry. I am happy to take off me kegs and run roond the big market should we get the players, I just dont think we will and I am sick to the back teeth of the excuses and stupid comments. Didnt he say two days ago that we desperatley need players and that we are going down if we dont get them, yet today he is saying when all players back fit we stay up no probs.

    Theres no money, no players will come in!

  • Dingo

    Jan 19, 2009 at 11:55 AM

    Comment #23

    spurs in for Harper…. urk… the rats are running from the ship.. not that SH is a rat .. its a figure of speech.

  • Dillon

    Jan 19, 2009 at 11:56 AM

    Comment #24

    @ Raffo
    Do you really believe us dont buying a programme and a pie means Newcastle united are losing alot of money, i still know loads of people who buy tops, pints, pies, pencils, the fake is ASHLEY IS TIGHT AS…..

  • Sav

    Jan 19, 2009 at 12:00 PM

    Comment #25

    Hemorrhaging money? Unless Ashley has set up some sort of loan arrangement to pay off the club’s debt which the club is now repaying to the loan fund – in other words, when a new owner takes over, it will still be in debt – to Ashley.

  • Bmore

    Jan 19, 2009 at 12:27 PM

    Comment #26

    Or he simple re-capitalises the business, there by increaseing the share capital and eliminating the directors loan he holds. As for the interest he will be charging – it will be a rock bottom percentage, simple because it is not tax efficeint for him.

  • brownrob

    Jan 19, 2009 at 12:33 PM

    Comment #27

    Perhaps one of the big reasons we have so much debt…

    Owen 110k a week
    Barton 50k
    Smith 60k
    Duff 60k
    Viduka 60k a week
    Geremi 40k a week

    Figures are a guess, probably not entirely accurate but thats almost 400k a week on those players alone. Adebayor is on 3 times less that what Owen is. Who knows what goal bonuses Owen is on?

    By the time Owen will get to July he will have lifted approx 2.5m in wages, Viduka and smith well over 1m each.

    There is no way our club can support such ridiculous wages. MA when he cleared the debt only postponed the problem. We had approx 70% of our income go on player wages (as far as I know) , that is unsustainable. So I cannot blame MA for wanting rid of Owen. Its obvious that he will leave at the end of the season, those who believe he will stay are living in a pipe dream. so if I was MA and if I got 3-5m for him Id snap their hand off. I would have done the same with Milner, £12m for a player on an annual wage of £2m? Seemingly Schweinsteiger was looked at as a replacement but it fell through at the last minute. These things happen

    We have been very unlucky with transfers, Aimar, Modric (may turn out to be a blessing)

    The biggest mistake we ever made was not getting in Martin O’Neill, when he wanted to come. Those people who think they want to be back in the FFS era are crazy… where would he get the money for arshavin, beckam, henry, lampard and r carlos? He got out where he did as he knew he couldnt milk the club any longer. FFS IS the reason we are in this mess, its been coming for years… MA was a fool for not doing due diligence though

    Argh! Time for lunch!

  • Tom_Toon

    Jan 19, 2009 at 2:09 PM

    Comment #28



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