Investing The £36M Is A Hollow Promise – Here’s Why


Every time I think of what happened on Monday at Newcastle, I get a sickening feeling that there is something terribly wrong with the Newcastle club.

Mike Ashley

I have tried to convince myself that we can get some really good players into the club in the summer, and that it would even be very hard to spend the £36M, given Newcastle can get one or two bargains in the transfer market.

And then I read the report again about the fact that Pardew will be given all the £36M to invest – and then read the little bit that said that included  transfer fee plus wages.

Let’s explain the significance of those few words.

As an example when we both Micheal Owen – his wages were around £5.5M a year and say we paid £17M for him from Real Madrid.

Michael signed a four year deal so the total cost to Newcastle over that four year period was £39M – so that’s what they mean when they say it will be invested – it’s not just the £17M.

If a player is worth say £10M, and he signs a five year deal worth £3M a year – that is £25M in total – and that’s what they mean when they say the money will be invested.

A little twist there because 99% of people in football – when they hear that £36M will be invested – think  that we’ll buy players totaling £36M in transfer fees alone – nothing else.

This seems another statement that seems less than true from the Mike Ashley people, and we are really wondering if Mike Ashley now has any credibility left with the fans on Tyneside.

If what we are saying above is not true – then we’d like Newcastle to come out and say it isn’t – we are not making this stuff up.

If firing Chris Hughton wasn’t enough – a short 7 weeks later Mike has sold the darling of Tyneside.

We may never know what really happened on Monday, and maybe Andy is a little culpable too, but Newcastle didn’t have to sell him.

And it was embarrassing for Alan Pardew yesterday to explaing why he sold him when he said Andy eas the future of the club and said 386 times in Jnauray he was not foe sale and wouldn’t be sold.

Some journalists noted that his nose was bigger at the end of the news conference than when he began.

It seems the Ashley regime just doesn’t get it and honestly, they never will, because the uproar over the Hughton sacking and the Carroll sale has to be more than they had expected – but when you don’t care what does it matter?

And we saw a few comments yesterday saying Freddy Shepherd may not have been great, but he would never have sold Andy Carroll, ever, because as a Geordie he knows what it meant to the fans.

Mike Ashley has no idea what it means to Newcastle fans, who he never even talks to, but even worse than that – he doesn’t care.

As we said yesterday, Monday was a shameful day for Newcastle United, whatever really happened, and it’s hard to see Newcastle going anywhere with Mike Ashley as owner.

We look forward to a clarification from the Newcastle club if our understanding of how that £36M will be invested is not factual.



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143 comments so far

  • Malaysian Toon

    Feb 2, 2011 at 9:43 AM

    Comment #1

    We are no longer in the Freddy Shepard era. The NUFC off today has a wage cap as well as no paying over the top prices for footballers. We catch players on bargains. Thats what will happen with the 36m. 5 million as the transfer fee. 40k a month on a 5 year deal (2.4m). Thats 7.4 million total. We can get 5 good quality players for that price. We just need Graham Carr to work his magic. Michael owen was a total waste of money !

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  • Charlietoon

    Feb 2, 2011 at 9:44 AM

    Comment #2

    What???

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  • ToonOz

    Feb 2, 2011 at 9:44 AM

    Comment #3

    No-one forced Andy Carroll to sign for Liverpool. If he really want to stay, he could of – simple as that. He has a five year contract.

    He wanted more money – saw the headlines, spotlight, fat pay-check and left.

    Mike Ashley would have to be bonkers not to accept 35 mil for Carroll. Cmon, just take a look at the all time top ten transfer. Elite names like Zidane, Figo, Ronaldo, and ahhh Andy Carroll???

    Also, Carroll contradicts himself – in the text messages to Steve Wraith – he said he didnt sign a transfer request. Then he goes on to say later on that Llambias forced him to sign it? At least get your story right if your going to lie to your fans.

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  • Charlietoon

    Feb 2, 2011 at 9:46 AM

    Comment #4

    Oh no what a friggin surprise!!! You mean we have to pay players too ED?? I thought we could just buy and forget.

    Of course the money is going to wages and transfer fees. Dont make Ashley out to be the devil just because he is stating the obvious.

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  • jimmyxavi

    Feb 2, 2011 at 9:48 AM

    Comment #5

    It idoesn’t work like that Ed –

    The wages are accountable for 1 year – Not the full 5 year deal.

    So lets say we sign a player for £5m and his wages are 25k a week – the overall amount deducted from the £36m wil be 6.3m.

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  • malchick

    Feb 2, 2011 at 9:49 AM

    Comment #6

    minus 20 percent VAT which all transfer fees attract so in theory it’s about 27 million

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  • bentoon

    Feb 2, 2011 at 9:50 AM

    Comment #7

    We have the money now but its the wage cap that is the problem with attracting some top players. Maybe using the fee to cover both transfers and wages might help us snag some good players?

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  • Xavi

    Feb 2, 2011 at 9:50 AM

    Comment #8

    shouldnt it be 35million from the carroll transfer

    + whatever we should have spent this summer?!

    haha i know it wouldnt have been much but it SHOULD be realisticlly 10-15 million

    SO = 50ish

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  • Fippytrucker

    Feb 2, 2011 at 9:51 AM

    Comment #9

    Really, do we have to react like this? Perhaps this type of public outcry and hysteria is exactly why the lie and by god they do.
    Chris Hughton knew what was about to happen as did Andy Carroll, the board, Harry………. It’s a game.

    35 million pounds in an era when cash is tight, take it.

    Blame Rupert Murdoch not Ashley

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  • stuckdownsouth

    Feb 2, 2011 at 9:52 AM

    Comment #10

    I would say for once they are being truthful. Pardew hasn’t said I’ve got 35m for transfers alone I’ve got to balance the books.

    This is why we couldn’t give AC 80k a week.

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  • BK

    Feb 2, 2011 at 9:54 AM

    Comment #11

    It also needs to be considered that some of the purchase cost can be recouped on the inevitable run on shirt sales for a new player.

    With this in mind spending a few quid more on a”name” can prove to be a bit of a moneyspinner.

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  • ToonLegend

    Feb 2, 2011 at 9:54 AM

    Comment #12

    Just read lambiarse reaction to all this and now is not a good time for the so called MD to be starting a war of words with a geniune Toon Legend Alan Shearer
    did Lambiarse wake up this morning and think gee i dont think the clun fans are pis*sed off enough yet lets add to the current hostilities?

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  • ToonLegend

    Feb 2, 2011 at 9:55 AM

    Comment #13

    Club not clun

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  • cyprus

    Feb 2, 2011 at 9:57 AM

    Comment #14

    Ed,

    please don’t mention Owen! He was the biggest financial (and sporting) disaster we’ve had. And 35 million, no matter how you do the maths, is a lot of money. If it’s 3 or 4 top players, it makes little difference. Now, it’s time for Ranger to step up to the plate, along with Best, who has shown very good signs. Use Shola, if u must, but only as a ‘supersub’ (so to speak).

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  • jarra geordie

    Feb 2, 2011 at 9:59 AM

    Comment #15

    Im hoping that we will spend the money on a few quality players otherwise Pardew and Mike loose any remaining shred of credability.

    If the money isn’t reinvested its a clear statement from the board that we are a selling club who are targeting young cheap players who can make Mike a nice profit a few yers down the road ( few more years of Mike chilling thought ).

    However IF we tie down Enrique and Joey – add a real quality striker or even two plus maybe a right sided midfield i’d have to agree that this was in the end good buisness.

    As long as those *quality* players aren’t rejects like carlton cole or the aging SWP who would command daft wages and be no real improvement on what we have

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  • traceline

    Feb 2, 2011 at 10:00 AM

    Comment #16

    balancing books is why xisco and routledge have gone – 20k a week each, ireland in, 40k a week…

    hopefully they’ll be bringing the wages saved on carroll (27k a week??) into the equation as well…

    then there’s the “add-ons” (which I would expect ashley to pocket as they’re invisible from the outside)

    Alienating the management, castigating the “owners”, none of that will help us stay up this season.

    Carroll’s gone (an eternal sadness), he’s not coming back, we have to support the lads that are left behind to do the job he promised us he’d do.

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  • Rotonda heights

    Feb 2, 2011 at 10:00 AM

    Comment #17

    Ed

    If shepherd had stayed any longer we wouldn’t have had an andy carroll to sell.

    Usually in the past we are the ones who have been taken for a ride. Just for once, we have made a killing and everyone knows it.

    I have a feeling carroll will always be injury prone due to his lifestyle and will probably always get in to bother off the field. He doesn’t seem to be the brightest and he’s a bit handy with his fists where women are concerned.

    I think it’s a blessing in disguise as we were becoming a Wimbledon, with only one attacking option, lump and hump it. Some days it was worse than Allardyce.

    OK we got caught out with no replacements as it was so late, but no club could turn down 36M for carroll, who is probably worth 20M tops. We have ben Arfa and Ireland who can play as a second striker and now it doesn’t have to be about long balls and hit and hope crosses all the time.

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  • seetow1

    Feb 2, 2011 at 10:00 AM

    Comment #18

    he’s a tosser. basically andy is trying to save his image amongst us toon fans because he comes from this area and he still lives here. no point aggravating the neighbours, right?
    but, the fact remains that his head was turned by the big amounts of cash thrown about by liverpool, and decided to submit a transfer request. by submitting a transfer request, he’s basically saying that he wants to leave, no questions asked. he can’t say he was forced out of the club in any case once he signs that transfer request

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  • toonfan09

    Feb 2, 2011 at 10:00 AM

    Comment #19

    can we hav no more articles on this ed can u put the article up where you found out tht the money would include wages because ive read five or 6 seen 2 pardew interviews and not heard it includes wages

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  • Abbott

    Feb 2, 2011 at 10:01 AM

    Comment #20

    I will be laughing when AC becomes the headlines for the wrong reasons. Getting 36m for a troubled player is too good to be true.
    This will turn out to be a good deal for Newcastle, we got rid of a greedy troubled player, who didnt want to honor his 3 month old 5 year contract.
    The owner did nothing wrong and handled this very well imo.

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  • MykToonFan

    Feb 2, 2011 at 10:02 AM

    Comment #21

    This is not a very productive article, unfortunately.

    Of course wages and sign-on fees will be involved in the budget – that’s the same with any club. Llambias may have slated Shearer, but his other point is spot on – Ashley doesn’t take money out of the club, he just doesn’t spend any of it.

    To compare him with Shepherd is a joke – if Shepherd was still here, we’d be in administration by now.

    Either that, or we’d be getting points deducted next season because of the new rules being brought in.

    Shepherd tried to sell Shearer for far less…

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  • NUFC_Richyg01

    Feb 2, 2011 at 10:03 AM

    Comment #22

    Ed.

    Please dont mention Owen or Carroll.

    Yes, we are all bitter about it, but AC made his own choices and is no longer with us.

    Now lets move on from it and not dwell on the situation.

    You also mention buying players for £10+ million. Under the new system, we very rarely do that, and if we do, then those players also have to fit into our strict and sensible wage structure.

    We now need Joey and Jose to sign up to new deals to restore our beleif in the current regime and show that there are no hard feelings amongst the the squad.

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  • singamagpie

    Feb 2, 2011 at 10:03 AM

    Comment #23

    35M to restructure next season’s wage cap + buying some players. Hopefully we can sign new contracts for Enrique & Tiote PLUS a couple of new signing that probably persuade them to stay.

    Of course we need to stay up first. Europa League would be nice tho.

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  • TOONlegends

    Feb 2, 2011 at 10:03 AM

    Comment #24

    The days Of big summer signings and huge wages are over for us…and rightly so I think! Look at the likes of luque and owen..panic buys that didn’t get us anywhere!
    Apart from the xisco carry on we have done very well with transfers..gosling,HBA,tiote, williamson!
    If we can bring in sone more bargain deals like these then we will be okay! The likes of lallana, gradel, tarabat, whickham, and like mentioned earlier let Chatty Mans father work his magic in the Market!

    Oh and did any1 see charlies interview after the Wigan match last night?he seemed I interested in coming and I think if we’d made that bid earlier he would be playing in black and White tonight!

    Howay the lads!!3 points the night!

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  • curmon

    Feb 2, 2011 at 10:04 AM

    Comment #25

    There is another scenario here that no one has mentioned. The money gained from transfers could be used to pay the current players wages, which in reality is putting it in the budget for operating costs but dressing it up as an investment in the club, which if you were to stretch a point it is !
    FINALLY, I have said on more than one occasion that Hughton was fired because he would resist the tactics of Ashley, and Pardew was brought in because he was desperate for a job and would fall in line and even protect the evil duo. Lets face it Ashley is third rate at everything he does , if you want any proof go and visit one of his disgusting SD stores, unfortunately he is only used to dealing with TAT, that is the level that he is comfortable with hence the diminution of NUFC.

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  • Rotonda heights

    Feb 2, 2011 at 10:05 AM

    Comment #26

    Traceline

    carroll was on 40 a week and Xisco on £50 !!

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  • Rotonda heights

    Feb 2, 2011 at 10:05 AM

    Comment #27

    K that is

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  • toonfan09

    Feb 2, 2011 at 10:05 AM

    Comment #28

    ive found it but anway 27 mill is still alot for players and there wages have to come from somewhere ashley said he has a five year plan i hate him but it could work make money stay up till the club has lots of money then go for it because a lot of clubs will be up the crapper with the new fifa ruling

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  • JohnnyBrookes

    Feb 2, 2011 at 10:06 AM

    Comment #29

    Look people pro Ashley etc, we have heard all this PR spin before with Keegan, the money he would get to spend, that we would be buying players. Its all bollox.

    This is our current MD’s views on club legend Alan Shearer:

    http://football365.com/story/0,17033,8652_6717861,00.html

    Bear in mind thy f****g hired him!!

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  • HOGC

    Feb 2, 2011 at 10:09 AM

    Comment #30

    nappny chinese new year everyone! HAHA

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  • jasonbourne

    Feb 2, 2011 at 10:09 AM

    Comment #31

    A lot of people said Aston Villa was mad to pay 18£ mill (which will rise to 24£mill) for Darren Bent who is a proven striker. We get 35£ mill, (which will rise to 41£ mill) for a player who has played half season in PL.

    From my point of view, the last two years, Newcastle as club have becoming more and more successful. We have overachieved in the PL by miles compared to what I dared to hope for this season. We have actually played out very good oppositions. This club is definitely going in the right direction. Bargain buys like Tiote, Ben Arfa and Gosling on free? If we can get bargain buys like that on top during the summer, who know where we will be in a couple of years.

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  • HOGC

    Feb 2, 2011 at 10:10 AM

    Comment #32

    Happy*

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  • Trini Toon

    Feb 2, 2011 at 10:11 AM

    Comment #33

    The media kills everything in football…

    There is always an effort to create “Bad News” as it sells faster.

    I keep wondering to myself how do I break up with NUFC? Since I’ve supported this club, we have had many ups (Courting), some near trophies…but belief was strong (Honeymoon), bought some great payers and worked hard (working on keeping the relationship going), now it’s been a number of managers later (not proud at this), hero returns (hope), relegation (dissapointment), championship trophy (things can work), sacking CH (confused), selling our new #9 (numb).

    I don’t blame the club for selling him if he asked for a new contract. I keep thinking of how Shearer turned down Manu to join his home town club, and Andy just gave it away after 6 months.

    Oh well, no matter all the dissapointments and heart aches… I can’t leave you NUFC… GIVE ME SOMETHING BACK FOR ONCE!!!

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  • Hawaiian Geordie

    Feb 2, 2011 at 10:11 AM

    Comment #34

    am i the only one that believes pardew?

    sure, ashley could have rejected carroll’s transfer request, but the truth of the matter is that we couldn’t match andy’s “ambition” aka 80,000 clams a week, so why not cash in on a ludicrous offer now?

    a travesty on both the parts of the club and andy, but i blame andy more, he left for the money, plain and simple

    also, 3mil pounds a year is above our wage ceiling, it’s more like 2mil a year for us, so i can see us getting two or three very useful players with this money.

    ashley isn’t as much of an idiot as we make him out to be, he is a very successful businessman and i think he’s realized after umpteen missteps that the only way forward is to invest this money. the only question is will we be able to get quality players on the cheap, given all of this recent madness

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  • NOVA2967

    Feb 2, 2011 at 10:12 AM

    Comment #35

    I back Fatshly…

    I think sooner or later he will higher the wage cap but not until we have no debts and a solid squad fighting for Europe, tho we looked on our way…

    If Carroll gets big wages then Enrique and Barton follow and we are back to square one. Although I think the Carroll transfer was a bundle up and a very dangerous decision midway through the first season back in the EPL…

    They didnt have time to think for themselves and the management and Carroll just went with it like they where in shock. Not a level headed decision but its over with…

    $35 million is great money although we lost our center piece to build a team around I think we will stay up with our current squad and beable to build a very exciting team this summer…

    It doesnt matter how much money we have to spend but that we actually have funds available to build a stronger team than we had with Carroll.

    My thought is that every other transfer lately has been excellent and now with alot more money in our hands we can go harded for the best young talents out there and not be out priced or scared off.

    We can go after the Wickhams and Chamberlains although these two might be joining others teams i expect some great talents coming in this summer.

    Ashley has a solid foundation and it will hold us good until another owner comes in. Carroll was absolute mint and although we have gone backwards this january I believe we will recover and have a chance of doing wonderful things in the next couple of seasons.

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  • Trini Toon

    Feb 2, 2011 at 10:13 AM

    Comment #36

    Agree with jasonbourne

    But thats hope talking… but I have my doubts as this is me talking

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  • El Geordieo

    Feb 2, 2011 at 10:14 AM

    Comment #37

    Yeh we are getting spoon fed bull on a daily basis still but thats no different, pardew said we were gonna sign a few players a few weeks ago haha, anyway despite that theres only one person to be blamed for carroll going and thats the gangly jaws lookalike judas prick himself

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  • NOVA2967

    Feb 2, 2011 at 10:14 AM

    Comment #38

    I back Fatshly…

    I think sooner or later he will higher the wage cap but not until we have no debts and a solid squad fighting for Europe, tho we looked on our way…

    If Carroll gets big wages then Enrique and Barton follow and we are back to square one. Although I think the Carroll transfer was a bundle up and a very dangerous decision midway through the first season back in the EPL…

    They didnt have time to think for themselves and the management and Carroll just went with it like they where in shock. Not a level headed decision but its over with…

    $35 million is great money although we lost our center piece to build a team around I think we will stay up with our current squad and beable to build a very exciting team this summer…

    It doesnt matter how much money we have to spend but that we actually have funds available to build a stronger team than we had with Carroll.

    My thought is that every other transfer lately has been excellent and now with alot more money in our hands we can go harded for the best young talents out there and not be out priced or scared off.

    We can go after the Wickhams and Chamberlains although these two might be joining others teams i expect some great talents coming in this summer.

    Ashley has a solid foundation and it will hold us good until another owner comes in. Carroll was absolute mint and although we have gone backwards this january I believe we will recover and have a chance of doing wonderful things in the next couple of seasons.

    Unfortunate but both were at fault.

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  • Geordiedoonsooth

    Feb 2, 2011 at 10:16 AM

    Comment #39

    God there are some gullible people on here. ED your 100% correct we will buy no one of any significance and I can see Barton, Enrique & Tiote leaving in the summer. Ashley has turned us into a 2nd rate club, and some people on here actually think he is doing a good job. I was all for us being run like Arsenal but now I just hope he sells ASAP to someone who will invest in the team. As for the Carroll row I don’t believe one word Ashley & his 2 cronies say, if they didn’t want to sell him why fly him down to Littlepool in Ashley’s jet.

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  • Geordiedoonsooth

    Feb 2, 2011 at 10:19 AM

    Comment #40

    Are there any real Geordies on here or are you all plastic ones. Before any says anything I was born in Walker & lived there for 22 years before moving to Cramlington so yes I am a REAL Geordie

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