Newcastle have dodged a bullet this season by getting promoted at their first attempt.
Mike Ashley with manager Chris Hughton
Owner Mike Ashley kept the wage bill high at around £40M, by keeping high wage earner like Coloccini, Smith, Butt, Barton, Nolan and others at the club last summer.
But that wage bill was not sustainable over the long term, in the second division of English football, with its much lower revenues compared to the Premiership.
But that was possible in the first season, in the hope that Newcastle could bounce straight back into the much higher revenues they will now get from the Premiership.
Owner Mike Ashley has loaned the club up to around £30M, depending on which reports you believe, to plug the revenue gap caused by the loss of Premiership TV money and other revenue sources.
But with Newcastle now promoted, the financial pressure is essentially off, and Newcastle can now strengthen the squad in the summer, by some level of transfer money being made available.
And Newcastle manager has today talked about what promotion means to him, as he told the Newcastle Journal this morning:.
“I think it’s everything, the most important thing is that we’ve been able to do it first time,”
“We spoke about the difficulties of not doing it first time and going into a second season, we’ve seen it before with other clubs, who have found it very difficult.”
“It gives this football club the opportunity to play in the best league, where everybody in the city believes the club should be.”
“It gives us an opportunity to play against the best teams and I think over a season, we have very much deserved to be where we are.”
So the nightmare of being out of the Premier League is over, and over quickly.
So Newcastle have been out of the Premier League only two seasons – in it’s first year in 1992-1993 and also this season.
How well we can do next season is now a topic of debate, and most of us are waiting anxiously for reinforcements to arrive on Tyneside this summer.
But we have to believe the professionalism instilled into the squad by Hughton and the other coaches, and also by senior players like Nolan, Smith and Harper, will stand us in good stead for next season.