Newcastle Could Spend Loads Of Money This Summer

Sunderland Chairman and former player Niall Quinn has come out today and said he wouldn’t be surprised if Chris Hughton has loads of money to spend this summer.

Niall Quinn – Sunderland Chairman

Niall played 203 times for the Wearside club scoring 61 goals and played 92 times for Ireland scoring 21 goals.

He headed the Drumaville Consortium of wealthy Irish businessmen who took over the Sunderland club in the summer of 2006, and Niall took over the Sunderland Chairmanship in July of that year, and has been Chairman ever since.

Ellis Short, who was born in Missouri, and is an American businessman is the current owner in Sunderland. He purchased part of the club from the Drumaville Consortium on September 25, 2008 becoming part owner, and then completing his takeover in May of last year.

He is the president of the Texas based company Lone Star funds.

Today the Sunderland Chairman Niall Quinn has suggested that the recent curious statement by the Newcastle United club may well be a cover – and that the club are still thinking of giving Chris Hughton considerable transfer funds this summer.  We certainly hope so.

Niall Quinn said today:

“Newcastle could be playing a clever game. They may have set themselves up a little bit when Mike took them on, there was a new pressure because he was bringing so much money into the club, the outside world thought ‘This is it, Newcastle are going to be in the top four’.”

“This time around I’m sure they’ve learnt an awful lot to give a lesser message out and anything better is a bonus. I wouldn’t be surprised if Chris has loads of money to spend.”

“We’d all aspire to breaking even but the problem is it’s so competitive sometimes if you’re off course and in danger of being relegated you gamble to put a bit extra in and get yourselves back on track. That’s why clubs outside that top eight do what we do.”

“Blackburn had their heyday with plenty of money in but now they’re cutting their cloth accordingly. Newcastle are giving out that message of where they need to be.”

“It’s a safer bet to talk that way than they did last time. I wouldn’t be surprised if Chris Hughton had a load of money to spend.”

We have to hope that’s true and at least Niall is experienced in managing transfers and the like for the Sunderland club, so he knows what he’s talking about.

There’s really no way to know if this statement by Niall could be true, until new players come through the door, and we’ll see if we are paying transfer fees out later this summer.

That doesn’t stop Chris looking at bargain buys, free agents and loan signings as a first priority either, as he seems to be doing right now.

Comments welcome.

14 comments so far

  • Captain Beefheart

    May 17, 2010 at 11:26 AM

    Comment #1

    I’d rather be in our position. NQ’s full of sh**, and so is his team. We’ll thump them next season, expensive players and all. You’re going down before us, Eejit!

  • Ericles

    May 17, 2010 at 11:28 AM

    Comment #2


  • Ericles

    May 17, 2010 at 11:31 AM

    Comment #3

    Blarney! More Mackem madness? Quinn must have his ear to Ashley’s arsehole!

  • darryl burleigh

    May 17, 2010 at 12:08 PM

    Comment #4

    has anybody thought of this… in 2008 mike ashley lost alot of money approx 80 million because he had the contract for the england merchandise, the money would have rolled in for him if england had quailified for the EURO 08. England quailified for the world cup this year, and england merchandice is gunna sore over the next few months! strips, flags, scarfs, banners, the lot are gonna be getting sold from soccer sports at cheaper prices than other retailers. everyone jumps on the england band wagon over the international competions. if we progress far, his profits are gunna be sky high. imagine how much he will earn if we win it!! with that extra money earned over the summer poss plough some into the club for the finances??? or am i being daft? lol

  • Captain Beefheart

    May 17, 2010 at 12:18 PM

    Comment #5

    ‘if we progress far, his profits are gunna be sky high…’

    And if we don’t there’ll be a 70% off fire sale the day after we go out, and he’ll be forced to do another write off.

    There’s more chance of NUFC winning the Prem than England lifting the World Cup. Bobby Zamora, Peter Crouch, David James…? I bet Spain and Argentina are quaking in their boots already.

    Cannon fodder I’m afraid.

  • ToonArmy

    May 17, 2010 at 12:24 PM

    Comment #6

    England in recent years has always been more of a on paper squad rather than a team capable of producing that on the field. I’m predicting another quarter finals exit already, via penalties no less.

  • ToonArmy

    May 17, 2010 at 12:25 PM

    Comment #7

    Plus I think it is a good strategy to say that there is no money. Our past experiences have shown that declaring money available always resulted in overpriced average players that has cost us plenty.

  • darryl burleigh

    May 17, 2010 at 12:31 PM

    Comment #8

    well zamora aint going and if james plays the way he did against chelsea in the cup final i think we will be alright between the sticks!! yeah im not crouch’s biggest fan but the lanky streak of piss can come off the bench and sneek a couple of goals. howay man, if we are gunna have any chance of winning it, we need to stop putting the team down and get behind them!! just as some of us for the toon!! capello is the main man, he has gave the best chance. he dont take any shite, he get them playing!!

  • Solaidback

    May 17, 2010 at 1:01 PM

    Comment #9

    Ashleys personal fortune has already gone up from £700m to £900m this past half year, so with England in the World Cup, his sales will go up & with it, the share value of his company but I doubt he’s retain much of the profit himself as he’s only the major share holder, not the owner of Sports Direct or whatever it’s called…..

  • Cockney Magpie

    May 17, 2010 at 4:14 PM

    Comment #10

    @ captain beefheart? what about Rooney, Gerrard, Lampard, Terry? lol why is it us southerners seem to care more about England than u northerners? i know wembely is down ere n that but St James’ is up there but im no less of a newcastle than any of u, i quite happily make the 5 hour drive when i can to see the boys so why dont u for our country?

  • Cockney Magpie

    May 17, 2010 at 4:15 PM

    Comment #11

    @ darryl burleigh good call mate, with capello in charge i dont care who he takes to south africa i just feel safe with him like he know exactly what he is doin

  • DanNUFC

    May 17, 2010 at 8:51 PM

    Comment #12

    Cockney Magpie…

    how can you base your view that the whole of the North doesn’t care about England as much as the South on one comment by one person?

  • Cockney Magpie

    May 17, 2010 at 11:39 PM

    Comment #13

    lol im not saying only the north east i mean northerners in general they just dont seem to get as excited as people down ere

  • rossrich

    May 18, 2010 at 7:56 AM

    Comment #14

    Sorry Cockney Mag, but I think you’re wrong mate. You should see the pubs up here when the lads are playing. 10 deep at the bar during half time and 10 deep with women during the match gettin the beeyaz in for the lads.


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