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.