News today that Newcastle are trying to offload Spanish U21 striker Xisco on loan o some Spanish club – any Spanish club.
Xisco – Newcatsle will try to off-load and recuperate wages
Xisco signed a 5 year bountiful contract in late August of 2008, and is one major reason that Kevin Keegan left the club, after realizing cockney Dennis Wise was pulling the strings on who was coming and going at Newcastle.
So Xisco’s contract runs out in the summer of 2013, and he’s therefore only half way through his contract, and we think his intention is to stay on Newcatsle’s books so he can pick up his huge wages through 2013.
That’s his right of course, but it looks like he will do what Marcelino did and pick up huge wages while hardly ever playing for the Newcastle first team.
Newcastle will try to recuperate some of his wages by loaning the player out as much as they can – probably to Spanish clubs.
The news today is that Newcastle have offered the 24 year-old Xisco to Spanish sides Real Zaragoza and Racing Santander on loan.
Xisco is the type of deal that we hope Newcatsle will not do too many times in the future as he cost the club a massive £5.7M and around 50K/week in wages over a potential five years.
He’s appeared only 9 times for the club with one goal that he scored on his debut against Hull City on 13th September, 2008.
If he is on £50K a week (that may be a little high), he will cost Newcastle up to £18M over the five years, and it’s unlikely he will play again for the first team.
Not a good use of the club’s funds to be sure, and not a good signing by Dennis Wise – no wonder Kevin was furious.