Tough Times Financially But Newcastle Now In Decent Shape

Newcastle manager Chris Hughton has talked today again of the dire financial status of most clubs in the Premiership.

Mike Ashley – has put Newcastle in decent financial state

With Portsmouth having gone under this year, there are other clubs that are in deep debt, and if Hull City do get relegated – which looks extremely likely – watch them announce  they are in dire straights financially.

But Newcastle are in decent shape and with the much higher revenues of the Premiership for at least next season, Newcastle could be one of the club in the best financial state.

It appears that Chris will get some money in the summer to bring in some new players, but we also expect the club to go after some bargain buys, such as Mike Williamson, Danny Simpson and Wayne Routledge, who the club bought in January, are turning out to be.

This is what Chris Hughton said today:

“We are in more difficult times financially – most clubs are aware of that. We are no different. We have to be mindful to get the right value for anyone coming in. The outlook now is different now to what it used to be.”

“This squad have earned the right to be in the Premier League. We are back on the basis of our performances this season.” “It would have been difficult for this club if we had not gone up at the first attempt.”

“There are a group of teams who are fixtures in the Premier League. Then there are teams like Birmingham who came up and have done very well and Wolves who have come into their own lately.”

“You can’t under-estimate what we already have on the playing staff here. We have men with a great deal of experience in that league.”

As long as Mike Ashley is at Newcastle we don’t expect any trophy signings anytime soon.

But we don’t think that will have any negative impact on the performance of the Newcastle  club, because those signings over the last 10 years, were generally complete disasters.

And we now have a good solid squad built up at the club, and a few new players purchased this summer will further enhance the squad, and we look forward to doing quite well next season,  on our return to the best football league in the world.

Comments welcome.

18 comments so far

  • Geordie_Pants

    Apr 22, 2010 at 1:32 PM

    Comment #1

    Fantastic article, Can anyone name any 10 million + singings who have made an impact at St James Park since Alan Shearer?

  • Charlietoon

    Apr 22, 2010 at 1:40 PM

    Comment #2

    I have no problem with us picking and choosing from the coke league. We have Krul, Ranger an maybe one or two others who could go out on loan. If we need to use them to get the ones we want we should. I dont think we will be paying anything over 3 to 4 mill for anyone simply because those worth more than that would probably want more wages.

  • Charlietoon

    Apr 22, 2010 at 1:54 PM

    Comment #3

    Portsmouth owe 697 quid to the boyscouts….

    I wonder if the NUFCSC can find some donations or a couple of the lads in the team could chuck in. It is a pitiful amount that would mean a heck of a lot to those who get it and would only further show that we are a team and a club with its heart in the right place.

  • DJG

    Apr 22, 2010 at 2:09 PM

    Comment #4

    We will be fine, have faith in Hughton, the guy is a magician. History has proven that the players that cost millions are often not as valuable as the players that cost thousands. What will keep us up will be continued team spirt, not marquee Michael Owen type signings. But for got sake lets not buy any more hasbeens. We wont win 10 games in a row next year but nobody does. Im quietly confident. 4-5 WISE signings. (not dennis wise) and I think we might surprise a few critics. Also have you guys noticed how the critics are starting to come out from the woodwork again. If we still have Hughton after the summer I think he will laugh them off and make them look rediculous honestly.

  • Jamesthefirst

    Apr 22, 2010 at 2:16 PM

    Comment #5

    You’ve got to see this! Official website new photo on welcome page. NILE RANGER is OUR LEADER!!! 🙂

  • tdt

    Apr 22, 2010 at 2:35 PM

    Comment #6

    where’s nile?

  • AlanSmith.

    Apr 22, 2010 at 2:48 PM

    Comment #7

    off topic.. next seasons kit.. not sure if its true because its not on the official website yet.. but niice shirt!!

  • Tom Mo.

    Apr 22, 2010 at 2:50 PM

    Comment #8

    ….alansmith thats old news and im pretty sure its a fantasy kit. if not, id be happy with it !!!!

  • AlanSmith.

    Apr 22, 2010 at 2:53 PM

    Comment #9

    lol im a bit behind with the times lol.. my brother just came home from school and showed me it.. i thought it was very nice. then read the comment below and it said not real fantasy shirt.. DAMNN!

  • Jamesthefirst

    Apr 22, 2010 at 3:07 PM

    Comment #10

    @tdt – they had a photo on the main welcome page advertising the game against Ipswich. The team were all bunched together at the bottom with a HUGE photo of Nile Ranger above them with his arms spread. Must be someone at the club having a little fun. It disappeared after about 10 mins but might still be on there somewhere. Was so funny

  • toonboyjake

    Apr 22, 2010 at 3:10 PM

    Comment #11

    its still on there, but they alternate with about 4 images, keep refreshing and itll be on there

  • tdt

    Apr 22, 2010 at 3:51 PM

    Comment #12

    James I – lol

  • fongct

    Apr 22, 2010 at 4:10 PM

    Comment #13

    if we keep on spending small amount, signing cheap players and selling them with a profit, we can be the richest club in PL…is there a trophy for that?

  • gerrard10

    Apr 22, 2010 at 5:52 PM

    Comment #14

    Completely unrelated question here……when will we know about our new kit??? Obviously Puma are sponsoring us as of next year and I would have thought it would be on display at the last home game of the year??? Anyone have any news on this?

  • Robbanufc

    Apr 23, 2010 at 7:39 AM

    Comment #15

    As long as there isnt a black cat on it, i’m happy 😛

  • G

    Apr 23, 2010 at 8:15 AM

    Comment #16

    Been told by a mate that a puma official was asked the black cat question, and commented that the logo would be either white or gold. No idea if it’s true, second hand info and all that.

  • Davies

    Apr 23, 2010 at 9:42 AM

    Comment #17

    We’ll be wearing the new kit against QPR. The website says Saturday’s match against Ipswich will be the last time we wear the Adidas kit.

    Geordie_Pants; Colo was 10 million. He’s made a hell of a difference this season.

  • onlyoneshearer

    Apr 23, 2010 at 11:11 AM

    Comment #18

    Davies if you spend 1o million on a center half who is an argentine international you would hope he would do a job in the championship!!


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