Confusion About Newcastle Transfer Funds Available In Summer


Newcastle United Managing Director Derek Llambias has said there will be money to spend in the summer, but apparently not on any major scale.

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Mike Ashley – how much is really available in the summer?

Derek Llambias told BBC Radio Newcastle today:

“The money is there and we intend to spend it,” “Mike [Ashley] is a very wealthy man but can he afford £30M a year? “

“No. But he’ll be happy with £5m-10m.”

That statement is going to confuse a lot of Newcastle fans, because the club put in a bid of £8M on the last day of the January transfer window, for Manchester City’s Michael Johnson.

The bid was turned down, and we were told the money we made in January- around £8M, would be made available to Joe Kinnear in the summer.

So Joe should be getting around £18M, plus anything he can get from selling the likes of Geremi, Smith and Xisco (£10M?).

Of course clubs like Manchester City, are doing nobody any favors by bidding just ridiculous fees for players, and that will need to be curtailed with some salary cap, or something, to keep competition between clubs.

But Newcastle cannot afford to compete with such sums, and they will not, and when you consider the club brought in Guthrie, Bassong, Coloccini, Gutierrez, Nolan, Ryan Taylor and Lovenkrands for around £21M, they don’t have to.

Add to that the Newcastle Youth Academy, which is now getting into full swing, and the club have already signed over 10 top youngsters in the last 13 months, and some of those will be starting to make an impact in the first team squad in the years ahead.

So that strategy seems fairly sound.  But Llambias seems confident the Newcastle club can still secure their place in next season’s Premier league, and also seems to have faith in the club’s plans for the future .

Newcastle are one of a huge number of clubs fighting relegation this time around and when asked about relegation Derek said:

“It’s totally inconceivable, you just couldn’t go there, and we won’t go there,”

“That might be bullish about it, but you’ve got to have that faith.”

“We’ve got Chris [Hughton] there, we’ve got Colin [Calderwood], they’re doing a good job, and the staff morale and the players’ morale is great.”

“They’re working for each other, and I like that. We should be safe.”

We hope Joe Kinnear will be given around £20M in cash to buy players in the summer, and then in addition he can do some wheeling and dealing with Geremi, Xisco and maybe Alan Smith, to get in some class signings and also build the squad into decent numbers, so we can actually overcome the injury crises we have every single season.

We’ve used the injury excuse too many times these last few seasons, so Newcastle need to take that excuse away.

Looking at it that way, it doesn’t seem too bad.

Don’t forget we lost Shay Given and Charles N’Complainer in January, and brought in Ryan Taylor, Kevin Nolan and Peter Lovenkrands, and still had £8M left over.

Comments welcome.



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131 comments so far

  • chewbaka30

    Feb 25, 2009 at 6:06 PM

    Comment #1

    1st

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  • SpartanChris

    Feb 25, 2009 at 6:17 PM

    Comment #2

    “No. But he’ll be happy with £5m-10m.”

    We’ll be happy in the Championship if that is the level of our spend. And I was beginning to be optimistic.

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  • TOONtomARMY

    Feb 25, 2009 at 6:19 PM

    Comment #3

    i was starting to be optimistic about the future of newcastle but 5-10mil isnt tht like 1 good player a season

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  • SpartanChris

    Feb 25, 2009 at 6:20 PM

    Comment #4

    And why sell Xisco?

    Give the lad a chance!!

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  • Little Willie

    Feb 25, 2009 at 6:20 PM

    Comment #5

    It reads like what he’s prepared to put in out of his own pocket, nothing to do with whats already in the kitty.

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  • AndyNUFC

    Feb 25, 2009 at 6:20 PM

    Comment #6

    Just thought i’d point out we can sign like 6-7 Bassongs for £10m.

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  • MDS

    Feb 25, 2009 at 6:24 PM

    Comment #7

    @little willie.

    That’s how I read it too. He’ll put in 5-10M of his own money each year plus whatever is earned though sales.

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  • Alex

    Feb 25, 2009 at 6:28 PM

    Comment #8

    Those were my thoughts to Little Willie , 5-10 million on top of what is already there and incoming fees from players sold.

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  • Toonkistan

    Feb 25, 2009 at 6:28 PM

    Comment #9

    Y0u dont have to tell the world u’ll spend big on transfers that can onli inflate prices…good strategy ….if they can put bid for johnson, modric, woodgate that means they’ve got money and are willing to spend on the right player which is all fine for me 😀

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  • Stardust

    Feb 25, 2009 at 6:32 PM

    Comment #10

    ED – PLEASE!

    There is no confusion – this is consistent with everything before. Please stop now.

    Last statement made by DL. £8m to spend from transfers in PLUS James Milners second installment of 4million = 12 Million.

    Ashley is to support the club by 20m a year – next year they were forecast to lose 7mill (which would have given up to 13 mill but the current season ticket reduction (2.5mill) will affect next years loss PLUS however many season tickets they dont sell – thats in our hand – work on 5mill) Therefore the 13mill quickly becomes 5 to 10 as they dont know how much they will lose.

    Therefore expect a spend (NOT INCLUDING PLAYERS IN AND OUT ) over the whole season of between 12 + 5 to 10million = 17m to 23m (plus outgoings).

    Not a bad kitty at all.

    PLEASE KNEEJERKERS think before kicking this time.

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  • It Could Be Worse...We Could Be Spurs -DC-

    Feb 25, 2009 at 6:32 PM

    Comment #11

    ED…why believe parts of what the club says and not all?

    Xisco…’one for the future, that we own outright’

    Can we stop this whole Xisco out campaign, he will be a big player for us in the next few seasons.

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  • Stardust

    Feb 25, 2009 at 6:33 PM

    Comment #12

    should have read “Therefore expect a spend (NOT INCLUDING REVENUE FROM PLAYERS SOLD) “……

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  • repo

    Feb 25, 2009 at 6:36 PM

    Comment #13

    pity Bassong going to Arsenal in the summer he wants to go as well..

    that what we are doing now getting kids and they them on for a profit to a big club..

    we are a feeder club for the big 4…

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  • ganiyu

    Feb 25, 2009 at 6:37 PM

    Comment #14

    any one got the code for football manager 2009

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  • Little Willie

    Feb 25, 2009 at 6:38 PM

    Comment #15

    I think repo could be right, after all Bassong is French so that must mean Wenger wants to sign him!

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  • ganiyu

    Feb 25, 2009 at 6:39 PM

    Comment #16

    any one got the code for football manager 2009/plsssssss

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  • chuck

    Feb 25, 2009 at 6:39 PM

    Comment #17

    How much is there to spend if relegated Stardust ?

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  • beyethegreat

    Feb 25, 2009 at 6:39 PM

    Comment #18

    stardust

    where do u ge t theses numbers from

    llambiassaid he expected to loose some thing like 30 mil this year then 7 NEXT year then we break even and start making profits from then on

    where do u get 2.5 mil ticket reduction and where do u get 5 mil worth of unsold tickets

    i am not havinfg a go this is a genuine question

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  • ganiyu

    Feb 25, 2009 at 6:40 PM

    Comment #19

    no player leaves newcastle to the big 4

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  • AndyNUFC

    Feb 25, 2009 at 6:41 PM

    Comment #20

    £10m on top of what we already have available is good.

    To be fair, Llambias shouldn’t talk specific numbers when it comes to upcoming transfer windows. It will mean clubs will ask more for players, and that fans lose faith if they don’t think it’s enough(which some clearly don’t).

    However, i’m a rare fan happy with this news. Somebody said before that £5-10mill a season is one good player, yet we signed Bassong for under a million, and Guthrie for 2.

    Watch Owen leave and Viduka kicked out, and possibly (but I think highly unlikely) Smith. That’s 3 strikers (being generous to Smith). So will Xisco stay? I think so. I don’t actually think Wise/ Ashley/ Llambias would pay £7m for a striker and allow the manager to let them go without a proper chance.

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  • ganiyu

    Feb 25, 2009 at 6:42 PM

    Comment #21

    can any one pls post the code?

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  • Don

    Feb 25, 2009 at 6:43 PM

    Comment #22

    Notice they talk the talk when the windows closed. Its always ‘the next window we will……’
    then nothing.
    Llambias said
    “We want to be solid competitors at the top. That’s the way we are going. We aim to be knocking on the door again.”
    not spending that sort of money we wont, unless he meant championship

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  • beyethegreat

    Feb 25, 2009 at 6:45 PM

    Comment #23

    gainyu

    every1 has a different code

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  • sirjasontoon

    Feb 25, 2009 at 6:46 PM

    Comment #24

    Agree Don…spin and dis informaion.

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  • ganiyu

    Feb 25, 2009 at 6:47 PM

    Comment #25

    no body is leaving next season

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  • AndyNUFC

    Feb 25, 2009 at 6:47 PM

    Comment #26

    We should be aiming to be making a profit. If that means loss this season and next so be it. But that also means we need some very clever Bassong type signings in the mean time.

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  • ganiyu

    Feb 25, 2009 at 6:48 PM

    Comment #27

    beye pls post urs

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  • Little Willie

    Feb 25, 2009 at 6:52 PM

    Comment #28

    Don

    Notice they talk the talk when the windows closed. Its always ‘the next window we will……’

    ——–

    Their intention was always to speak after the window had closed, Kinnear said that at the beginning of January.

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  • beyethegreat

    Feb 25, 2009 at 6:56 PM

    Comment #29

    gainyu

    no

    it doesnt work like that you should have your own

    it will be on either your box disc or book

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  • NorthernPaul

    Feb 25, 2009 at 6:58 PM

    Comment #30

    Christ, not this crap all over again.

    It’s only the end of frigging February, give it a rest.

    ED: Why do you expect the club to announce to the world it’s transfer budget?

    Chances are it will be pitiful, and the club will make a neat profit from sales.

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  • brownrob

    Feb 25, 2009 at 6:59 PM

    Comment #31

    ganiyu… how about you go buy the game like the rest of us?

    Its people like you who download illegally who make the developers put in nasty programs to make sure the program is legit (FM09 was very hard to register)

    Anyway, if you download it you are wasting your time, the pirate version is unplayale, as you get sacked after each season and there are bugs which make it unplayable

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  • Little Willie

    Feb 25, 2009 at 6:59 PM

    Comment #32

    I can’t say I’m that surprised that some are moaning about the amount of money Ashley is prepared to put in, just typical of the modern Newcastle fan.

    Just to point out that it’s only Ashley that has put his own money into the running of the club as far as I’m aware in the past, as for other clubs I’m not sure which other clubs owners funds them out of their own pocket too.

    Arsenal -No
    Villa – Yes
    Blackburn – No
    Bolton – No
    Chelsea – Yes
    Everton – No
    Fulham – No
    Hull – ?
    Liverpool – No
    Man City – Yes
    Man Utd – No
    Boro – Yes
    Newcastle – Yes
    Portsmouth – No
    Stoke – No
    Sunderland – No
    Spurs – No
    West Brom – No
    West Ham – No
    Wigan – Yes

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  • Johno Toon

    Feb 25, 2009 at 7:00 PM

    Comment #33

    I would take it as out of the 20 mil ashley said he would spend a year 10 mil will go on top of transfer kity the other 10 will got the the loss the club predicts it will have , simple

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  • Obafan

    Feb 25, 2009 at 7:02 PM

    Comment #34

    This is not the time to think about the summer tranfsers. This is the correct order to see things:

    1. get out of relegation zone (mathematical!!!)
    2. find a permanent manager (someone who has to be given a couple of years to build a force). Not JFK.
    3. Transfer activity (important period for Ashley to show what his real ambitions are). I still doubt his ambitiob tho’.

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  • Stardust

    Feb 25, 2009 at 7:06 PM

    Comment #35

    Beye

    Club accounts and incorporating Llambias’s first statement – he said we lost 34.5 last year, 20.5 m this year (thats the financial year ending June 08) and we will lose 7mill next year (ending 09) – thereon I have made allowance for variance as indicated above.

    I am bang on with that Beye – hope that helps.

    Fancy re writing the headline Ed –

    “Confusion about nothing about in the summer”

    He couldnt have been any more clear!

    Confused? – easy to get confused if you dont listen to whats been said – thought folks would have learned their lessons on that front.

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  • 619nufc

    Feb 25, 2009 at 7:07 PM

    Comment #36

    “so we can actually overcome the injury crises we have every single season.”

    By selling players, that makes sense

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  • beyethegreat

    Feb 25, 2009 at 7:14 PM

    Comment #37

    thanks stardustbut what about the given and zog money

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  • Stardust

    Feb 25, 2009 at 7:19 PM

    Comment #38

    Beye – again just for you – the 8mill is the net of Given an Zog after players were signed.

    “There is no confusion – this is consistent with everything before. Please stop now.

    Last statement made by DL. £8m to spend from transfers in PLUS James Milners second installment of 4million = 12 Million.

    Ashley is to support the club by 20m a year – next year (F/Y end June 09) they were forecast to lose 7mill (which would have given up to 13 mill but the current season ticket reduction (2.5mill) will affect next years loss PLUS however many season tickets they dont sell – thats in our hand – work on 5mill) Therefore the 13mill quickly becomes 5 to 10 as they dont know how much they will lose.

    Therefore expect a spend (NOT INCLUDING PLAYERS IN AND OUT ) over the whole season of between 12 + 5 to 10million = 17m to 23m (plus outgoings).

    Not a bad kitty at all.

    Hope that helps – its a total non headline

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  • beyethegreat

    Feb 25, 2009 at 7:22 PM

    Comment #39

    not bad stardust well see in the summer if we are still in the league

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  • Tommy_PA

    Feb 25, 2009 at 7:25 PM

    Comment #40

    Stardust, you are having a kneejerk reaction to people who maybe don’t have the depth of knowledge or the same understanding as you. You are extrapolating based on what has been said before, it could be that you are founding your exact knowledge from an outdated position.

    “The money is there and we intend to spend it,” “Mike [Ashley] is a very wealthy man but can he afford £30M a year? “

    “No. But he’ll be happy with £5m-10m.”

    The first part of the statement may be his previous fullest intetntion of annual spend, and the second what he is now willing to part with?

    That interpretation could be equally valid, or wrong.

    Seems to me I will base my predicted transfer spend on what has happened in teh past, I suspect that will be closer to a net 5-10m, and all previous sale monies will not be part of that.

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