Derek Llambias is essentially the current Chairman at Newcastle, although he has the title of Managing Director.
Mike Ashley with Derek Llambias
But Derek is the guy who is running the club on a day to day basis on Ashley’s behalf, and will know what’s going on as far the revenues are concerned, and where the money is coming in and going out.
But it’s clear the club is pushing ahead big time with its investment in youth, and that seems an excellent investment in the future.
Derek said today:
“We are still investing in our development squad, we are very keen on home-grown players and the academy is working very well.”
“We will get some investment into the development squad as far as we might be one of two players at a million who are 18, 19 that in two or three years will be in the first team.”
“We have some good players coming through which you can see with our youth squad in the FA (Youth) Cup.”
“The nucleus is there, there might be one or two positions we might need to review which is (manager) Chris Hughton’s job.”
“If he is going to ask for a forward or a creative midfielder then we will have to go out there and look for them.”
That second sentence we think Derek means they will get a couple of players in for say £1M, but they will be worth a lot more in a few years.
But not only that, they will be great players at Newcastle in the future hopefully.
We also expect to see a number of top class youngsters joining the club this summer.