The Sunday Sun are reporting today that indeed no money is being made available to Chris Hughton for incoming transfers this summer.
Mike Ashley – no money available for transfers
The news being reported is that the Newcastle hierarchy this week contacted newspapers to deny numerous transfer stories.
They also indicated that the “no new capital outlay” referred to in their recent statement does indeed mean that they will be making no cash signings.
If that’s true that’s really bad new and quite honestly it’s hard to believe.
We had tried to convince ourselves that no new capital outlay meant they would be paying transfer fees over multiple years and that left clear paying cash up front for players this summer.
But we suppose that will not happen either – and that’s a very dicey position to put the Tyneside club in. And it looks like the only signings they will make are free agents and loan signings.
Loan signings do cost money, but we suppose that’s the level that Newcastle want to invest in the team this summer, which again seems surprising to us – and even a little alarming.
Let’s hope Chris can bring in the talent the club needs to survive – otherwise it could be a very tough upcoming season.