Southampton Much Stronger Financially Than Magpies – How Come?

Alan Pardew has given a good interview in the Newcastle Journal today, but something he says seems almost certain to be untrue – and that is that Southampton are in a much stronger position than Newcastle in terms of purchasing players – how can that possibly be true?

alan pardew ally mcCoist

Alan Pardew shakes hands with Ally McCoist last night

This is some of what Alan said in the Journal this morning:

“When you look at the teams now and the money that’s being spent, you have to be honest and say it’s going to be difficult replicating that 5th place finish. But our ambition must be to try to do that.” “Demba Ba went to Chelsea, and that was a big blow for us last year. I think the fact that we never really replaced him got missed a little bit.”

“We brought in Yoan Gouffran, but we weren’t really able to replace Demba like for like. If I can replace Demba into this team, I think this team is stronger than the one that finished fifth. But I think the task of finishing in the top five is more difficult for us because of the growth of some of the other clubs who were just below us.”

“In particular, Liverpool and Spurs have spent a lot of money, and other clubs such as Swansea and Southampton have coordinated their financial strength really well.” “You look at a club like Southampton, and they’re in a much stronger financial position than us in terms of purchasing players.”

We have no idea why Southampton are in a much stronger financial position than Newcastle, after all they got successive promotions to get into the Premier League a year ago, so how come they are better off financially than Newcastle?

Surely that cannot be true – but the truth is probably they are more willing to spend the money they have coming in next summer than Newcastle are.

And Swansea were also only promoted a year ago, but they shelled out an initial £11M for Vitesse striker Wilfried Bony, plus an extra £2M in add-ons and installments, and Bony was reported to be a Newcastle target.

So Alan Pardew’s statement about Southampton and Swansea just cannot be true, and it’s more like those two teams plus smaller clubs like Norwich City and West Ham are more willing to spend the money this summer.

And don’t forget the Financial Fair Play rules state that clubs cannot spend more than they bring in – and those two club’s revenues are so much smaller than Newcastle’s, which was £93.3M in the last financial year – and  were the 20th biggest in world football.

We hope that the Newcastle manager will clarify the statement, because surely Newcastle are a wealthier club than those two clubs, who have just been promoted, and who have less than half the gates Newcastle get at St. James’ Park.

Are we missing something here or is that just a wayward statement from the Newcastle manager?

Comments welcome.

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