Newcastle Obviously Have Money To Spend This Summer


One bit of good news yesterday is that the Newcastle United club do indeed have some transfer funds available for new players this summer.

Mike Ashley – should communicate more with Newcastle faithful

It looks like Newcastle may have paid around £3M for James Perch yesterday, and last week there was what looked like a valid bid of around £5M made for forward Mevlut Erding.

In May, when every Newcastle fan was so upbeat following our promotion, the club issued that curious, strange and deflating statement that had one line in  it, that was reported widely – there will be no new capital outlay on players.

And it seems that doesn’t mean no money will be available for new players this summer, but simply the transfer fees will be paid in full- so they are not capital outlays that are paid over multiple years.

There’s nothing at all wrong with that, since Newcastle, like most other English clubs need to tighten their belts and become financially sound.

But why the club couldn’t come out and say something like the following statement,  is a mystery to us:

There was some confusion on the statement about capital outlay that we issued recently.”

“We want to clarify that statement by saying that Newcastle manager Chris Hughotn will indeed have funds available this summer for suitable new players – but it will not be much.”

What’s wrong with putting that out because it tells other clubs they shouldn’t inflate their prices for their players when Newcastle come a calling.

We’re not sure why the communication with Newcastle fans is so bad – but Mike Ashley and Derek LLambias would help themselves enormously if they appeared more human to Newcastle fans,  and told them more about what’s happening at the club.

One thing they could do is issue a statement on their new policy of signing young players, and also bringing in young players from top clubs in on loan – that would all sound very sensible to Newcastle fans – and to us it seems a great policy for Newcastle, that may not be fully understood.

But owner Mike Ashley doesn’t do that  – and why – we have no idea at all.

Comments welcome.



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13 comments so far

  • punk skunk...

    Jul 6, 2010 at 12:49 PM

    Comment #1

    £3m my arse…

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  • NUFC_Richyg01

    Jul 6, 2010 at 1:01 PM

    Comment #2

    we paid between £1m and £1.25m for Perch not £3m

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  • Newutd

    Jul 6, 2010 at 1:03 PM

    Comment #3

    Where do you get that insane sum from, Ed?

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  • Kevin Nichol

    Jul 6, 2010 at 1:05 PM

    Comment #4

    That figure of 3 million is completely incorrect! Please Ed; adjust that as alot off people will come on here; read it and take it as gospel!

    We offered forrest 1.5 million in January. Perch had only 12 months of his contract remaining so we wnet back in with a bid of around 1 million (although the figure is undisclosed) according to all off the local ragss (i.e. chronicle, journal, echo, gazzette etc).

    3 million is miles out!!!

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  • punk skunk...

    Jul 6, 2010 at 1:05 PM

    Comment #5

    Is there even a policy of signing young players?
    Should MA talk to the fans more & why??..
    Try just getting on with supportin’ the Toon for a change…& pack it in with the constant digs!..
    …It’s borin’ as phuk now…

    Or haddaway & ‘support’ someone else…& give us a break!..

    Borin’ popular beliefs & misconceptions…
    Toon Toon!..

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  • RichK

    Jul 6, 2010 at 1:11 PM

    Comment #6

    I like the way the Newcastle board and management deal with transfers, it’s all done privately and the first we know about any signing is once the deal is all but tied up.

    This is how a club/business should be run. Back in the FFS days where our transfer bids were back page headlines and every man and his dog knew about it and we ended up paying top dollar for players.

    Leave CH and the club to it, they’re doing it the right way and i believe looking after the long term financial future of the club!

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  • NUFC_Richyg01

    Jul 6, 2010 at 1:15 PM

    Comment #7

    I agree RichK,

    When you start publicising the players you want and the cash you have to pay for them 2 things happen:

    1. Other clubs come in and create an auction scenario.

    2. The selling club bumps up their price coz they know how much cash you have to play with.

    I think CH is doing a brilliant job, and dare I say it, Ashley is running the club correctly.

    Ed. Why should Lambsar$e and ca$hley speak to the fans, other clubs owners/chairmen dont. At the end of the day it is the manager who is in charge and he is the communicator in my eyes.

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  • Solaidback

    Jul 6, 2010 at 1:16 PM

    Comment #8

    Ed mate, the actually line in the statement said “there are no PLANS for capital outlay this summer” and as all good project managers know, a plan is a living thing & can change anytime, so maybe Ashley has changed his PLAN after all…. or maybe its just that CH will have a percentage of the Sponsorship money we got from Northern Rock & Puma to buy players with, as I’ve said before 🙂

    In any case, it also looks like we’re also getting Tom Cleverly on a 12 month loan from Manc Usa today too 🙂

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  • Robby Bobson

    Jul 6, 2010 at 1:16 PM

    Comment #9

    3 million for Perch? Erm What? I doubt it very much.

    More like 1 million. Just because 1 million got rejected in january dont mean it would in the summer. Its more likely its 1.25 or something, they rejected in Jan as they were close promotion rivals at the time.

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  • xfer

    Jul 6, 2010 at 3:43 PM

    Comment #10

    Highly doubt its 3million.

    Also, MA’s strategy could be to discourage opposing teams from inflating their player’s prices, since we are supposed to have ‘no funds’. I think thats the more logical way of interpreting it.

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  • GeordieGerman

    Jul 6, 2010 at 6:32 PM

    Comment #11

    Tellt ya dint a? Smoke Screens!

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  • bill

    Jul 6, 2010 at 7:23 PM

    Comment #12

    No capital outlay means that he isn’t spending anything above what he brings in.

    Perch is no doubt being paid for by the exit of someone else. I wonder who?

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  • RichY

    Jul 6, 2010 at 7:50 PM

    Comment #13

    the best idea is to “leak” that the club has no money rather than make a statement that turns out to be false. That way the finance dept don’t look like arses and yet there is still the perceived perception that the club has no money and clubs don’t put up their prices when the toon come knocking!

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