The News Of The World today is reporting that Newcastle owner Mike Ashley has introduced new rules in Newcastle’s transfer policy.
Mike Ashley – new wage cap
Ashley will only allow players to be bought if they are under 26 years of age, have some resale value and accept a wage limit of £15K a week, which is around £750K/year.
And apparently the reason Jermaine Beckford and Matthew Kilgallon didn’t arrive on Tyneside was because of the limit on the wages they were offered.
We’re not sure that’s accurate for Beckford, as the reason we didn’t get him seemed to be that we didn’t bid high enough.
Jermaine Beckford stayed put at Leeds United, and of course Kilgallon made a monumental career mistake by signing with Sunderland, poor lad. 😀
The new rules have not stopped Newcastle from signing four seemingly good players in Wayne Routledge, Danny Simpson, Mike Williamson and Leon Best.
Newcastle also took QPR’s Fitz Hall on a season long loan and Chelsea’s Patrick van Aanholt for a month’s loan, which we understand may be extended soon.
Most Newcastle fans were happy with those signings, even if we haven’t been too happy with the last two performances and results, dropping 5 points in our last two games and conceding 4 goals.
A source close to Newcastle is quoted as saying:
“The club is being run completely differently now.”
“The days of throwing money away are over.”
“There was a budget limit and there was an age limit. Mike wants players who will have a saleable value.”
Our first reaction to this is that the new rules are smart and a wage cap is a good thing at a club, and it will stop us getting a yearly wage bill of £74M, for a team that then gets relegated.
Wages of £110K a week for players like Michael owen, are gone – and so they should be.
However the wage cap of £750K/year is fine for the Championship, but we’d assume that it will be higher for the Premier league – if indeed we can get promoted this year.
Not sure what the limit should be in the Premier league, but the top wage should probably be around £40K/week, so a few of our players will still be above that.
With clubs like Crystal Palace, Cardiff City, Portsmouth and even Manchester United’s money problems show that it’s a good thing that Newcastle will build on a firm financial footing.
There’s no reason at all with a good youth policy and some smart signings that we cannot build s team that can hold their own in the Premier League next season – if we are strong enough to gain promotion.
What do you think about this?