The People is reporting that Newcastle have slapped a £15K a week basic wage limit on all new players.
Peter Lovenkrands – £750K a year plus appearance money
That’s apparently how much Danish striker Peter Lovenkrands accepted to return to Newcastle – plus £3K per game appearance money .
That’s all Newcastle would offer Sol Campbell, whose girlfriend lives in Newcastle, and he preferred to join Notts County for £2M/year over 5 years. Wonder how long it took him to make that decision?
Of course we still have a number of players on £60K a week, but they are on existing contracts which must be honored.
This is not at all surprising, since the club has to get a control of their cash-flow problems this season, with limited revenues coming in.
In fact if we are doing well in the league come January, we should attempt to buy some players at that time at decent fees, as preparation for the Premier League again.
We’ve noticed once you’re a Premier League club, the transfer fees asked start to be a little ridiculous – and that’s even for average players.