Now that the summer transfer window is over we can look at what Newcastle spent in the transfer market this year, and compare it to what other Premier League clubs spent, but when you see what our net spend is maybe we shouldn’t even bother with that comparison – we wont.
Mike Ashley – must loosen up the purse strings at Newcastle
Here are the players who have arrived since last September with their approximate cost in transfer fees or in the case of Remy in loan fees:
Mathieu Debuchy – £5.5M
Moussa Sissoko - £2M
Mapou Yanga-Mbiwa - £6.5M
Yoan Gouffran - £1.5
Massadio Haidara – £2M
Kevin Mbabu – £0.75M
Olivier Kemen – £0.25M
Loic Remy – £2M loan fee
So the total cost of bringing those players in is about £20.5M.
And these are the players we have lost, one in January and three this summer:
Demba Ba – £7M
James Perch – £1M
Danny Simpson – free agent
Steve Harper – free agent
So that looks like we got £8M back in – so it looks to us, if the estimates for the transfers are fairly accurate, a total net spend of £12.5M by Newcastle this year.
That’s not very much – and not even as much as our profit will be this year, and remember the average increase of revenue from the Premier League because of the new mammoth three year TV deal is £25M.
There’s some food for thought, because we made a profit in the last financial year, and we’ll get at least £25M more from the PL, and then we will have increased revenues from the new Wonga deal – and that should translate to pure profit, if our costs remain the same.
And to use some of the old consulting jargon:
Findings - Newcastle did not spend much this year
Conclusion – Newcastle need to spend more and can do so because of our increased profits
Recommendation – Newcastle need to spend a lot more
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