Newcastle will not be spending large amounts of money in the transfer market this summer, but they don’t need to, if they are to improve the current squad, as long as they continue to make some savvy buys.
Chris Hughton – wise spending necessary this summer
And the history of that is on our side right now, since we’ve made some good signings over the last couple of years or so.
Chris held his meeting yesterday to talk about the transfer season coming up, with Mike Ashley, and he was apparently told he’d have up to £15M, if he needs that much.
But the players he wants in, and those he’s thinking of moving out would also have been discussed, as well as how much money is available.
This is what Chris told the press after yesterday’s meeting.
“As per normal these talks are ongoing with the chairman and the owner but we know they are different times these days,”
“I think certainly the days of the sums of big transfers and the big transfer kitties – not only for Newcastle but for everybody – they are a thing of the past. I think you have to spend and look to improve but you have to do it wisely.”
“What I am conscious of is that we have a real competitive squad that has generated a really good momentum this season and what we have had is players who have also developed this season.
“There is a group of lads and a squad that I have that deserve an opportunity.”
Quite a number of the Newcastle players have improved a lot this season, most of them in fact, even though we always have to remember it’s the English second division, and the Premiership is so much tougher.
We are all for Newcastle spending wisely and getting in bargain buys like we’ve done in the past, like Seb Bassong, Mike Williamson and Wayne Routledge, to name just three in the last couple of years. Those three cost the club about £3M in total, and we’ve already sold Seb to Spurs for £8M.
The club have also brought in some great youngsters, and of course our U-18 Youth team will be in action tomorrow night at St. James’ Park – 7:00pm KO – against Aston Villa in the second leg of the semi-final.
Win that game and the lads will be in the final for the first time since 1985, and they will meet Chelsea in the two-legged final.
There’s probably only one club spending silly money (again) this summer, and that would be Manchester City, and that seems to be because the owners seem keen to show how much money they have.
But the transfer nonsense that has gone on for far too long in the Premiership, will soon be brought under control by UEFA President Michel Platini, who will soon only allow clubs to spend tranfer amounts based on what they make via their incoming revenues.
Newcastle have almost the same home gate average as Manchester City this season – we’re about 2,000 short – so you see what we mean. We’d be surprised if City even make a profit this year.
Spening money that you make in a business is only sensible and it’s of course what most businesses do. It’s called living within your means, so football clubs will not become bankrupt like Portsmouth did recently. They were only one of a number of English clubs that have gone belly up, but the first one in the Premiership.
So the big transfers may become a thing of the past, and while it was exciting spending big money on presumably good players, it never quite worked out for Newcastle, and we never won anything because of it – that’s for sure.
Newcastle spent £40M on a certain super-star Michael Owen over the 4 years he was on Tyneside, ending last year, when he slipped out of Newcastle for nothing, two days after the famous Tyneside club suffered the humiliation of relegation. He was hopeless for Newcastle – just our opinion.
Newcastle will spend up to £15M this summer, if that, but we’ll improve the squad a lot more than the £17M Michael Owen improved the squad, when he arrived from Real Madrid in August of 2005.
You can go to the bank with that one.
We look to Chris to continue to make some good buys in the summer, to build on the four players he brought in during January, for about £4M.