Newcastle are sticking to their policy of spending their money in a very thrifty way, but hopefully longer term Newcastle can become a much richer club, and then be able to compete more with the big boys – that’s the hope.
Alan Pardew – we cannot throw money at things
The club are in much better financial shape than some of the big clubs like Chelsea and Manchester City, in terms of balancing their books, and there will be increased pressure for these clubs to cut their spending in the next season or two.
That’s because the UEFA Financial Fair Play Rules we continue to hear about, continue to be phased in over the next year or two, and if clubs don’t balance their books we hope UEFA have the strength and courage to stop those clubs from competing in Europe, which is what they say they will do.
When you consider, as just one example, Manchester City lost £197M in their last published financial year, they have a long way to go to balance their books, and have to start sometime attempting to do that.
And Newcastle probably will have balanced their books in the financial year which just finished on June 30th, since in the previous year we were only £3.9M in the red.
Alan Pardew had this to sat to the local Newcastle press today:
“We can’t throw loads of money at it like Chelsea, who have brought in two great big hitters.” “But that doesn’t mean we can’t compete.” “There is nothing immediate about to happen. But we could have a body through the door in the next 14 days.”
“If we improve and these guys get another year under their belts together, there’s no reason why we can’t do the same – if not better.” “I don’t want to raise unexpected expectations.” “I think our fans would honestly accept eighth, though I don’t think they’d want us to finish lower.”
“That would be a decent season, but wouldn’t it be great if we could get in the top four, so that’s where we’ve got to aim.” “Where we fall will probably depend on injuries, form and a little bit of luck.”
A top eight finish would be a bit of a disappointment this coming season, but that could well be what the official target is in the league, and what bonuses at Newcastle will be based on next season, and we should hear the official targets from the club shortly.
Newcastle’s first pre-season friendly is tomorrow night, Friday the 13th, unlucky for some, at east German club Chemnitzer FC, and tickets have been selling well, with already over 4,000 tickets sold for the game, according to the Chemnitzer web-site.
Chemitzer are a German third division side, and it’s expected that Alan Pardew will give run-outs to some of the Magpie youngsters in the second half tomorrow night.