Alan Pardew has praised the way the club is currently being run financially.
Alan Pardew - club is well run financially
With clubs like Rangers, Port Vale and Portsmouth all seemingly going belly up, it was good news yesterday that Newcastle have a firm grip on their finances.
And certainly all the trends are going in the right direction and Newcastle lost only £3.9M last financial year through June of last year, on increased revenues of £88.4M.
This is what Alan had to say today on Newcastle’s fine financial results:
“I think our fans should be pleased,” “There are a lot of fans up and down the country – Port Vale this week – where you could really worry about your football club in terms of the financial standing of it.”
“We haven’t got that going on, we are in a good financial situation.” “Mike Ashley, Derek Llambias, Lee Charnley, the Secretary and the board here have worked really hard with the finances and we have discipline in that sense.”
“We have to be competitive within that financial discipline.”
But even though there are some constraints on spending Pardew seems confident that the money will be available to strengthen the side this summer.
Alan can help himself greatly and boost the money available to him this summer, if he can guide Newcastle to a Europa League position for next season.
And we think finishing in our current 6th position in the Premier League could have Newcastle do just that.
“Obviously, I would like more and I have to get a small revenue.” “Hopefully, that will start if we get into Europe that will help.”
“We are in great shape,” he said. “ And that is good news for us as we look to progress.” “We know it’s not easy at the moment, I pick up a local paper and see that jobs are tough up here.”
“We aren’t laying people off, we are probably going to employ a few extra.” “So that’s a good thing.”
The lads will face a very tough game at the Emirates on Monday night, and a draw from the game, which is being televised live around the world, would be a very good result for Newcastle.