Newcastle’s Managing Director Derek LLambias has been interviewed in the press, after announcing Newcastle’s very good results yesterday, for the financial year through the end of last June, when Newcastle again made the top 20 of football clubs in the world, based on revenue.
Derek Llambias – we are looking all over Europe
And Derek has been opening up a bit about Newcastle targets in the summer transfer window, and he says Newcastle have been looking closely at players since last October, and it’s not only in France.
This is what Derek said in the Daily Mirror:
“There is still money available. There are several positions we are looking at.” “Next year, we will have the TV money (from the league’s huge new television deal). There is a budget to spend.”
“But our transfer policy remains the same – no trophy buys. Basically, we will continue our model as it is. It works, so we won’t break it.”“We are actively looking at players, and have been since October.”
“All over Europe – it’s not just France. That’s been a good market for us but there are only so many you can get from there.” “I think Graham Carr has more company when he is out there.”
“He’s not wearing a disguise just yet! If he started wearing glasses, he would start looking like his son (comedian Alan Carr).”
What did happen in the last financial year was the wage bill at Newcastle rose to £64.1M for the year ending June 30, but that was still less than the £74M it was in our relegation season and it was 68.7% of revenue – an increase of 8.1% on the previous financial year.
Newcastle have already terminated the contracts of Xisco (£50K/week) and Nile Ranger, and the club will not be renewing Steve Harper’s contract (got to be close to £50K/week) when it runs out at the end of June, after Steve has been at the club for the last 20 years.
And we think one or two first team players could also leave in the summer, with Gabby Obertan a likely possibility.
The financials look good and seem to be well under control – and now we need to ensure that next season we have our best squad in many a year – and the club seems to be well on the way to doing just that.
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