Newcastle manager Chris Hughton will strengthen his side this summer, but it’s looking like he will have no transfer funds from Mike Ashley to assist him in this difficult task.
Chris Hughton – not much money available to strengthen squad
There was news today that Chris is trying to sell Xisco to Spanish club Racing Santandar, so presumably any money he gets for Xisco would be used to bring in new players.
But we cannot think Newcastle will get any more than say £1M for the former Spanish U21 striker, even though Newcastle paid a massive £5.7M for the 23 year-old a short two years ago.
Hughton, 51, knows he has to improve his squad and has already talked this week about being very very confident of bringing new players to Tyneside.
Of course one of Chris many good characteristics is that he’s not one to complain, and is now busy getting on with the job in hand, working within the tight constraints placed on him because of Newcastle’s financial plight.
Newcastle had an operating loss of £37.7M for the 2008-09 financial year and have a five year plan where the target is to break even by the 2015-2016 season.
But Chris Hughton has thrived on Tyneside since being handed the manager job, first as a stand-in last July and then in October when he celebrated the permanent manager appointment at Newcastle by winning his first 7 games for the famous Tyneside club.
Hughton said today:
“It is a big job ahead but we are under no illusions. Yes, we will sign some players but I don’t expect to be making wholesale changes.”
“Where things have changed in the game is that there is not the sort of money available which was spent in the past.”
For some reason we remain confident that Chris can get the job done this summer, but don’t expect any signings until late June at the earliest.
And of course Chris will also have to rely on season-long loan deals as well, with winger Tom Cleverley and striker Danny Welbeck of Manchester United being two likely targets.