Pardew – We Can’t Compete On The Financial Front

We know very well that Newcastle cannot compete financially with clubs like the two Manchesters, Chelsea, Arsenal, Liverpool and Tottenham Hotspur, but that’s all – those clubs are richer clubs than Newcastle United at the moment.

mike ashley smiling

Mike Ashley – must start thinking about bigger goals

But apart from those top six clubs in England Newcastle should be able to compete with any other club in the Premier League.

This is what Alan Pardew said yesterday about Newcastle’s financials:

“It’s always frustrating in the transfer market but we’ve got a strong squad and we did some business last January, which put us in good fettle because the six months of experience they got will stand them in good stead.”

“I think the figures the top clubs are paying out is ridiculous. We can’t compete with them on a financial level so we have to be as clever and shrewd as we can, and get players in of the same quality but for a lot less money.”

“Joe’s position here is to make sure the transfers come in, and he’s working hard to do that. He’s taken over Derek Llambias’ job and so far it’s working okay.”

What has worried some Newcastle fans this summer is that it seems smaller clubs like West Ham, Cardiff City, Swansea City, Fulham and Norwich City seem to have more money to spend and higher wages to offer than Newcastle do.

We’re not sure why that’s the case, and while we are probably number seven in England as far as our financials are concerned,  don’t forget we have the 20th largest revenues of any football club in the world, according to Deloitte.

And we would hope Newcastle would rise in that financial league table,  and surely our long term goal is to crack the top four in the Premier League.

So if we are truly going to go after a top four place in the next two or three years, we have to start acting like a top four club.

The time to do that is now.

What do you think?

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