It’s not surprising that Newcastle are looking for good value for money in the January transfer market.
Mike Ashley – club getting on a solid financial footing
The deals Newcastle have done over the last couple of years have been good deals, some of them even excellent deals, and very little transfer money spent in the process.
But the bottom line in all of this is not how much money we spend in the transfer market, but what type of players we are bringing into the club.
When you think of last summer’s transfers in, when we supposedly had £35M to spend from the Andy Carroll sale, Newcastle brought in the following players with their approximate transfer fees:
Yohan Cabaye – £4.5M – Lille
Mehdi Abeid – free agent – Lens
Demba Ba – free agent – West Ham
Sylvain Marveaux – free agent – Rennes
Gabriel Obertan – £3M – Man United
Davide Santon – £5M – Inter Milan
Rob Elliot – £300K – Charlton
So we spent close to £13M on those seven players, but we also got money in for these outgoing players:
Kevin Nolan – £4.5M – West Ham
Wayne Routledge – £2M – Swansea
Jose Enrique – £6M – Liverpool
So the net effect was that we spent around £0.5M on transfers last summer, or it was basically a wash, although we understand we had to pay Demba Ba’s agents as much as £2M for his services.
So let’s say we spend around £2M net last summer for those seven players.
But the point is that Newcastle seem to be able to get good players in and not spend big money in doing it, and that has to be good surely.
Alan Pardew was asked in the Sunday Sun today what the status was of the transfer dealings in January:
“The only way I can sum up where we are in the transfer market is that we are watching everything.” “We might take a player now instead of taking him in the summer, for example.”
“Or we might not take a player now and prefer to take him in the summer.” “We are weighing that all up because we want to push on but we also want value.”
“Somewhere in between those things is where we are going to buy a player.”
Pardew is said to have around £8M to spend on players in January, if he can get good players through the door, and if a special player become available there would be more in the coffers, but only for the right player.
Alan was asked if he would go asking for more money from owner Mike Ashley and he had this to say:
“I don’t expect – and I would not after a year in the job – be asking Mike to put in his own money.” “If you look at it he has put a lot of money into this football club and we need to make it work and I have accepted that.”
“However, we have put ourselves in a decent position on that front, so I do not need to knock on his door for more money.” “I don’t think he would want me to, if I am honest.
“By the same token he has not suggested he wants money coming out.”
Newcastle are a completely different club than they were under Freddy Shepherd, and they are run as a business – pure and simple.
And it even looks like Newcastle could have their first profit for many a long year, when the books close in June on this financial year.
We even like the fact that our scouting network seems to be one of the best in the business, and that Graham Carr can unearth some real talent for very little money.
Newcastle have invested big time in both the scouting network and in youth, and it seems to be paying off big time, especially over the last eighteen months since we came back into the Premier League.
And if that’s the way Newcastle build their next great team – hey – that’s okay with us.
What do you think?