With the Sunday Sun yesterday reporting that local journalists had been contacted and that “no new capital outlay” did mean no cash was available to Chris Hughton for transfers this summer – we thought we had solved the mystery – and it wasn’t good news.
Mike Ashley – still confusion over no new capital outlay
But that may not be the case after all.
This is what Neil Farrington said yesterday in the Sunday Sun:
Newcastle’s hierarchy this week confirmed – in contacting newspapers to deny numerous transfer stories – that the “no capital outlay” referred to in their recent five-year mission statement DOES mean that they will be making no cash signings.
And we would have expected a similar type statement in today’s Journal from Stuart Rayner – but this is what we got:
Having only muddied the waters in an attempt to clarify their transfer policy at the end of last season, Newcastle’s stated approach of “no capital outlay” on players is open to – and has already been subjected to – wide interpretation.
That certainly doesn’t suggest journalists received a clarification, because Stuart still seems unclear what the Newcastle Board statement really means.
We are guilty of some of that interpretation because we had thought cash could still be made available as long as it’s paid up front this summer – and that – by definition – is not a capital outlay – which is stretched over multiple years.
But we have our doubts about the Sunday Sun statement now.
And actually that could be good news because if Chris really has no money to spend – that’s bad news – not only for Newcastle fans – but for the welfare of the club next season in the Premiership.
We couldn’t take another relegation scrap.