Newcastle have made some huge transfer deals over the last 15 years or so – the biggest and best probably being bringing local boy Alan Shearer back to Newcastle.
Mike Ashley – no more big transfers under his reign
But if we are to be honest, there were an awful lot of those deals that were just hopeless buys, when we look back.
Probably the worst deal was paying £17M for Michael Owen from Real Madrid, with Michael scoring just 30 goals in four seasons for the Magpies, due to his terrible injury record on Tyneside.
Derek Llambias had an interview in the Telegraph yesterday and he made it clear that Ashley will not sign big-money players, even if we get into the Premier League next season.
This is hardly surprising, since we need to keep developing the Youth squad and get some bargain buys in like Seb Bassong, Peter Lovenkrasnds, Kevin Nolan and Mike Williamson to name just four recent examples.
Managing Director Kevin Llambias said:
“We have to take a realistic view,” “Hopefully we will be there in the Premier League, and we will have to have a squad that will keep us there. But that needs to grow.”
“That can’t happen overnight and we are not going to put the club into financial meltdown do buy one or two big names.” “Are huge transfer fees a thing of the past? “
“They are a thing of the past for us at the moment because we just can’t afford it.”
“If you look at the players we bought in January we have changed our attitude to how we buy our players and how we deal with agents. We are a lot stronger as far as our negotiations skills with agents.”
There are a number of clubs who have imploded this season, including Portsmouth in the Premier League, and Crystal in the Championship and more clubs seem to be on the brink of financial disaster.
And we expect UEFA President Michel Platini to shortly force European clubs to balance their books, which not many do right now, that’s for sure.
So in that sense Newcastle is currently ahead of the game, because the Newcastle books will be balanced next season, from what we are hearing.
Kevin Llambias continued:
“You need to take a realistic look at your books and say this is the way we are going. What has happened at Portsmouth is very sad but it is a reality check. We have done a lot of work behind the scenes.”
“It is cut to the bone. And it has to be to secure the future. We are now in position where we are quite healthy but it is all about promotion for us.”
“Once we were relegated Mike made the decision not to fire-sell. We had a terrible time pre-season at Leyton Orient which scarred the life out of us, but it was a wake-up call and the squad have got on with it and got it going.”
“When we lost that advantage we had in December we decided to have a final push and freshen up the squad. Chris needed some more players and Mike put the money in again.”
“If it wasn’t for Mike we would have been a Portsmouth. People have to appreciate that he has put his money where his mouth is and he is committed to getting this club back where it belongs. It is too big a club to stay in the Championship.”
We look forward to the summer to see which players Chris Hughton wants to bring into the club.
We would expect Newcastle have already done their homework on who will become free agents in the summer, and if any of those are good players they will try to get them on Tyneside.
Newcastle will also try to bring in loan players for the season, some youngsters from the big clubs, which will also strengthen the squad.
So this news is hardly surprising because after all Arsenal don’t make too many big signings, yet they have managed to win the Premier League a few times, and are up there now challenging for another title.
They are the club that Newcastle will attempt to emulate, and it’s a good choice.
And building a team up like the club is doing now is more rewarding than doing a Chelsea or Manchester City, where the heart and spirit of the club goes completely missing – at least initially.
What do you think about this?