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