We’ve mentioned a few times that Premier League clubs will get an average of £30M more each season, from the new three-year Premier League TV deal which has started this season.
Alan Pardew – Newcastle in great financial position
So a very simple way of looking at the financial situation is that if Newcastle maintain their costs at what they have been in the last two seasons, and we’ve made a profit in each of the last two seasons, then that £30M should go directly to the bottom line – the profits.
And hopefully that money will be available to Alan Pardew as transfer money – and of course portions of it will be invested into the various facilities and other improvements at Newcastle – such as the scouting network – but hopefully the profits will be invested back into the club.
This is some of what Alan Pardew had to say yesterday, in what was a fairly short press conference for the game on Saturday at Crystal Palace:
“I am pretty confident that my owner and the club are in a great financial position. I would be a lot more nervous if we weren’t.”
“Cabaye’s a great player, there are always going to be big clubs sniffing around him. We are fortunate to have him, we are enjoying him while he is here and long may that continue.”
“It would be foolish not to have targets, so there are a few people we are looking at, making a few phone calls just to see if they are staying until the summer or what their views may be.”
We may get bids for Yohan Cabaye in January, but Newcastle don’t need to sell him for financial reasons, and we would expect that Mike Ashley will be asking around £20M for the French International central midfielder.
So if Cabaye does go, then it will be for silly money – in the same way that Andy Carroll was allowed to leave Newcastle.
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