Newcastle Legend Bemoans Lack Of Money At Newcastle

Alan Shearer always thought that you need a lot of money to build a good football side, and one of the reasons he wasn’t made manager by owner Mike Ashley after we were relegated in May of 2009, is that Alan went public wanting £20M for new players.

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Alan Shearer – not impressed with Ashley

That at a time when Newcastle’s revenues for the coming season would be less than half of what they had been  in the Premier league, and the club would be under severe financial stress, showed that Alan didn’t exactly understand how the finances at a football club work, and certainly Ashley and Shearer were not on the same wavelength.

So while it’s not surprising the former Newcastle great  came out earlier in the week and said it will take a lot of money to build up the Newcastle team, we do think  that Mike Ashley is  being  far too careful with the club’s money.

And maybe a little is not the right word there.

The Charity game on Wednesday night for Steve Harper  after 20 years of service to the club got fantastic positive publicity for both Steve and Newcastle,  and showed just what great fans Newcastle have, with  more than 50,000 turning out for the event – fantastic.

But it also gave the former players a chance to talk about how far back Newcastle have gone during Ashley’s reign.

This is what Alan had to say:

“It takes an incredible amount of money to get there. You’ve seen what Spurs have spent, albeit they got it back with Gareth Bale money, and Newcastle haven’t got anything like that.” “You have seen what Chelsea, Man City, Man United, Arsenal have spent and Newcastle cannot compete with those any more unfortunately.”

“The aim now is to try to win a trophy be it the FA Cup or the League Cup, and to stay in the Premier League unfortunately. It might be a while before you see Newcastle challenging again for a top four place. It takes a hell of a lot of money to get there.”

It seemed that Alan Shearer had put on a bit of weight on, in his analysts job in the studio for BBC’s Match of the Day, and we don’t think Alan will not go into football management, which is one of the hardest jobs in football these days, especially managing in the Premier League, which is now followed around the world.

And while we have to give credit to Mike Ashley for putting the financial books in very good order, we need to move to phase two – and start spending some of the profits we are making, and start to build up the Newcastle side into a football force again.

And that hasn’t happened in the last two summer transfer windows.

What do you think?

Comments welcome.

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11 comments so far

  • Korean Magpie

    Sep 14, 2013 at 9:14 AM

    Comment #1

    ? ??

  • cyprus

    Sep 14, 2013 at 9:19 AM

    Comment #2

    Too fast Ed. I give up for now 😉

  • Wiz

    Sep 14, 2013 at 9:23 AM

    Comment #3

    Ashley doesn’t want to try and win the league, so he is not going to spend money on an objective he doesn’t share. And we keep on hearing how marvellous the club’s finances are, but yesterday Pardew said we would go into the red if we made just one major signing. And today Pardew is saying we aren’t going to win the league with the present financial arrangements. Why is Ashley owning a football club at all?

  • toonarmydownsouth

    Sep 14, 2013 at 9:25 AM

    Comment #4

    Our wage bill has gone from the 6th highest in the league to the 7th highest in the league and were now £130 million in debt to Ashley

    How exactly are we in a good financial position?

  • niafron

    Sep 14, 2013 at 9:29 AM

    Comment #5

    @Transfer sage

    In France, Mbiwa got an high reputation for his maturity.

    The msot impressive things about him are his self control and his charisma (Pardew didn’t labeled him a “future captain” for nothing).

    Concerning his skills on the pitch, i think he’s a perfect match for Colo, doing the physical job and Colo covering him.

    So he’s a good player, but sure not as side defensor.

    Keep him on a CB position and he will perform very well with time.

  • toonarmydownsouth

    Sep 14, 2013 at 9:29 AM

    Comment #6

    Newcastle Player Has Now Turned A Corner

    As for this pards, shut the fcuk up instead of being his cheer leader tell him he needs to apologise to the fans ffs
    Stop praising him fr his professionlism (aparantly continuing to train whilst tedusing to play is professinal) especially whilst in the same interview your telling Ben Arfa he needs to up his game and be more consistent!
    Guess what so does cabaye ffs, he was shocking last season

  • Thump

    Sep 14, 2013 at 9:32 AM

    Comment #7

    @toonarmydownsouth: Amount spent and good finances are not mutually exclusive. A “good financial position” is calculated by expenditure and income in our case. We have very little debt in comparison to some clubs in the league so we are in a good place financially. It’ll make us more attractive to any potential suitors but for the moment, in order to keep our finances in the black, we have to put up with a lot of mediocrity on the pitch and in the table.

  • Transfer Sage

    Sep 14, 2013 at 9:33 AM

    Comment #8


    Thanks. Just when I see him play, even in the centre I think he doesn’t manage to pick up a man too well and leaves gaps. I guess he could be settling in still, can’t be easy in a new country and in a team that’s struggling.

    Happy to give him time though.

  • Laurent Robert 32

    Sep 14, 2013 at 9:52 AM

    Comment #9

    Cabaye should still be benched for Anita starting as he had another pretty good game. He aims to keep the ball moving and on the floor.

    All the politically correct sob stories about Cabaye are masking the true nature of what is really wanted. Basically, that he’ll just be angling for another move in January. I can’t blame him for that, but I can for refusing to play, never mind ol’ silver tongue fluffing him up as well.

    Fair enough asking for a move, but not refusing to play.

  • Consett Mag

    Sep 14, 2013 at 10:15 AM

    Comment #10

    Is there any evidence that we have the 7th highest Premiership wage bill? I don’t believe this.

  • Owldman

    Sep 14, 2013 at 12:57 PM

    Comment #11

    @ 10 Because Ashley owns NUFC & therefore there are no shareholders he does not have to produce a balance sheet he only has to show the clubs finances to the TAX MAN hence know one knows what individual players earn, however the finances of the club are not only about the playing side of the club but about the whole structure from ground mantainence to staff wages nonplaying administration .I dont think that the total gate reciepts go anywere near to paying for that lot & we dont have the biggest sponsorships in the Prem, my season ticket although spread over 12 months actually costs less than £14.00 a game.I. believe this is great value for money expecially in the premiership.


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