Derek LLambias gave an interview to the Daily Telegraph last night, and explained to the Newcastle fans where all that transfer money will be spent this summer.
Mike Ashley and Derek Llambias
Newcastle’s managing director, Derek Llambias, told Telegraph Sport last night:
“I can assure everyone that not a single penny of the £35 million has left the club and neither will it. It is all going back in.”“We have acted early and we have got the players we wanted, but none of them have been cheap.”
“We have paid good prices for them. They certainly weren’t free transfers, there are fees and wages to consider.”
“It is our responsibility to make sure we look after the club responsibly. If we spent all the money on players this summer, what are we going to do in January if we need to bring somebody else in? We are using the money sensibly.”
And Alan Pardew at least seemed to be singing out of the same hymn book, as he said last night:
“When you sign someone like Demba Ba and Marveaux there are huge fees in there,” Lots of money in those deals doesn’t come back into the system. It goes out through agents.”
“We have spent a fair amount on those players, more than fans realize. If you add up the money and think we have not spent the £35M you will be way off. I have to mark the cards of the fans on that one.”
As we have pointed out a few times this summer, a big part of Newcastle’s use of the £35M Carroll fee is that it is being used to pay the wages of new players.
And with players also leaving the club and off the wage bill (Sol Campbell and Kevin Nolan), it’s very difficult to know just how much money will be spent this summer.
But the main thing this summer is that Newcastle bring in around six new players and try to keep the best players of their existing squad together, and only sell players like Alan Smith, Nile Ranger, Xisco, Wayne Routledge and Leon Best, who are on the fringes of the Newcastle first team.
Of course those sales will also bring in more potential transfer funds too.
We’ll have to wait and see, and there’s still lots of time for Newcastle to bring in new players and let some of their fringe players move on this summer.