Lee Ryder of the Evening Chronicle, has a little more news on the talks yesterday, as the local papers try to understand what issues exist between Alan Shearer and Mike Ashley.
Mike Ashley yesterday – but I don’t have £15M – well not on me anyway 😀
It seems that Alan is seeking agreement from Mike Ashley for the funds he will need, to ensure the squad he is able to build in the summer, can compete in the Championship next season. That hardly seems unreasonable does it?
We suppose the local papers have people stationed the at the club’s Benton HQ (my Brother in Law has a house that backs onto the training ground), at 8.30 am this morning, and we suppose it will be another long day of talking and negotiating. The talks lasted yesterday anywhere from 7 to 9 hours depending on which story you read.
Alan is said to want transfer funds of around £15M, and he knows there is much work to be done in the summer transfer market, with selling players (at least 10 we would think), and bringing in new players who can compete well in the Championship.
We don’t know if that is in addition to the money he can get form the outgoing transfers, which should be fairly substantial – even in a fire sale. And since players have been asked to report back on July 1st, time is of the essence.
Newcastle fans must remember we are probably the “biggest” club to be relegated from the Premier League ever – and let us be quite precise as to what we mean by “big” – and why Newcastle’s situation is unique.
It’s big because the massive wage bill is a massive £74M, with 15 of our players earning more than £2.5M a year, and this must be the first time such a club, which has the 3rd or 4th biggest in the league – has been relegated.
We can just see the spreadsheets with the names of the players – and what they are earning – with Michael at the top – at around £110k/week and who they can cut to reduce the wage bill by at least £35M. If the players had done their jobs – and actually earned their wages – all this would not be necessary – but what do they care?
It’s unusual for this to happen – because when you pay big wages to players, they are usually good and the side should hardly be fighting relegation.
But step forward our hopeless bunch of players, and that’s one reason the 2008-2009 squad will go down as the most overpaid and under-performing Premier League squad ever.
If we were Ashley- we would have a very good right to feel cheated by the players – giving the compensation the club was paying them last season – and the ended up with a meagre 34 points.
Come to think of it it’s exactly the problem Leeds United faced, when they were relegated in 2004, and of course Mark Viduka and Alan Smith were two players who left the club that summer. We hope Newcastle can recover more quickly than poor Leeds were able to.
So Newcastle now have a massive problem, like Leedsa united before them, that will not face clubs like WBA, Hull, Stoke, Birmingham, or other clubs who have much smaller wage bills. We have to cut the wage bill becasue we just cannot afford to pay the wages with the revenues being cut about 50% to £50M.
Shearer was back at the club’s Benton HQ at 8.30am this morning for the second round of talks, with the main topic of conversation so far thought to be the transfer funding.
As we said earlier, with pre-season starting on July 1st, a mere 34 days away, things will have to happen quickly this week – and if these negotiations have to last 12 hours a day – so be it – the job needs to get done – and quickly.
Shearer has already gone on record to state that every day that goes by without progress being made on plans is a wasted one, so we expect there is some urgency in the talks but trust they are going well – well fairly well at least.
And of course many of our overpaid players, who let’s face it are the biggest, if not the only villians in all of this left Newcastle yesterday – and some will certainly not be coming back – and will not be missed.
It’s a pity we couldn’t lock some of them up in the City jail for a while, as punishment.