We have a hard job believing Newcastle’s new thrift financial management practices, culminate in having a strict pay policy for their players.
Mike Ashley – new thrifty finanacial management at Newcastle
Yes, Newcastle need to get their financial house in order, and yes they need to stop paying average players ridiculous amounts of money in wages.
And that’s exactly what they are doing, but it doesn’t mean that the policy on wages is strict and can never be broken.
Steven Taylor is said to have been offered £45K/week to sign his new contract, and the news was that Ben Arfa had asked for big wages at the Newcastle club, but that didn’t stop him signing on at Newcastle for the season, and presumably he’s satisfied with the wages he is getting on Tyneside.
And news today in the People that Newcastle owner Mike Ashley was all ready to bring Tottenham striker Robbie Keane to St James’ Park on a season’s loan and help pay some of the high wages he is getting, for sitting on the bench in north London.
Newcastle still have several £60K-a- week players in their squad still (Joey Barton, Alan Smith ….) from the previous regime, but Ashley is making better deals on wages with the new players he is bringing in, such as James Perch, Danny Simpson, Cheick Tiote and the like.
And Newcastle seem to be able to make some good deals in the transfer market as the 9 players they have brought in this year – Wayne Routledge (£1.7M), Danny Simpson (£0.5M), Mike Williamson £(1M), Leon Best (£1M), James Perch (£1.5M), Sol Campbell (free), Dan Gosling (free), Ben Arfa (£0.8M loan fee), Cheick Tiote (£3.5M) have cost only £10M.
Those transfer fees are only best estimates, since the club doesn’t disclose the transfer fees.
It’s hard to make money out of owning a football club, and most owners are in the game as a sort of hobby and for ego purposes, let’s face it.
It seems like Mike is trying to break even on the running costs at Newcastle, if he can do that, and for people to suggest that he was getting £7M out of the club every month, as the NUST did earlier this year, tell us they have no idea (with the emphasis on no) how a business is really run.
So Newcastle certainly are more frugal than in years gone by, but if this year is anything to go by, it hasn’t stopped Newcastle from significantly improving the quality of the playing staff, as all nine new players were among the 23 man squad named last Wednesday.