We all know that Newcastle will not go back to spending ridiculous amounts of money, often for no return, for mediocre players,. and it has been made clear today that is so true.
Mike Ashley – will stick to rigid business plan
The days of Newcastle wanting to pay out £26M of money they didn’t have for forward Wayne Rooney, a trophy signing if ever there was one, are over and we’re glad about that.
That was at the time Newcastle desperately needed defensive reinforcements and it happened in the summer of 2004, and it was then unknown to then manager Bobby Robson, who was later sacked at the end of August of that year – because 5th top of the Premiership wasn’t good enough.
Those were the days of Freddy Shepherd spending big money the club never had, and we now have some financial constraints in place at the club – and we think that’s good.
We also think that PL clubs will be forced very soon by Frenchman Michel Platini, the UEFA President, to bring their financial houses in order, and to have to be told to do that is just amazing, and shows the levels of financial incompetence that exists today in the Premiership.
Maybe tomorrow we’ll bring out a report on the current Premier League club finances, and we were staggered and shocked to find so many clubs with wages above 90% of revenues – are they crazy?
Exactly who are the financial wizards are running these clubs for heavens sake?
But most fans know Newcastle United are now on a new path, one of financial sensibility and stability, and growing our own players within the club, near the banks of the Tyne.
What better place could there be to learn your football?
And a Newcastle source has basically confirmed the new direction today, which should hardly come as a surprise, as a Newcastle club source talked about Mike Ashley and his plans:
“He is looking at making sure Chris can compete with the bottom nine in the Premier League and will give him the funds to do so.”
Cost-cutting measures over the past year have ensured the club will go back up on a sound financial footing.”
“Players will come in – but they won’t be paying over the odds for anyone. This is the new Newcastle.”
That’s not really too surprising when your think about it, because these days it’s hard to compete with the top clubs, when you come up from the lower level of play in the Championship.
And next season hopefully, will be a stabilizing season for the Tyneside club.
But we still expect Newcastle to do quite well next season, and we’ll soon know who exactly Newcastle will bring into the club this summer.