Huge War Chest – £60M – Given To Pardew By Mike Ashley


The Telegraph is reporting tonight that not only will Alan Pardew be kept on in his job as the Newcastle manager, even after losing 14 games of the last 20 league games, but he will be given a war chest of £60M by owner Mike Ashley.

mike ashley glum

Mike Ashley – big money to be spent in the summer

We had reported this morning that Newcastle received £78.8M from the Premier league today, and with the £20M from the Yohan Cabaye there is plenty of money available – so basically one way to look at it – is that Mike Ashley has given Alan £40M of the £78.8M, added to the £20M from the Yohan Cabaye sale, and we assume he can spend money he gets from transferring players already at the club.

That’s the biggest war chest given to a Newcastle manager for a long long time.

New signings are long overdue, with Joe Kinnear having failed to make one permanent signing in the two preceding two transfer windows, and Mike Ashley is well aware – given the performance this year – that if Newcastle don’t spend well, we will be relegation candidates next season.

Lee Charnley seems to have made a good start to his job as the new Managing Director, and he has done really well to get the pre-season schedule all wrapped up – even before the end of the season.

And that will allow fans to plan their July and August holidays and arrange to be at the games, if they can.

Lee is well respected at Newcastle, as a man who can get things done, and we hope he can get us some really good signings this summer,  and soon too.

He replaced a man – Joe Kinnear – who was known as a man who couldn’t get things done, so Lee’s almost the polar opposite of Kinnear, and that’s a positive.

Maybe Mike Ashley has been listening to the fans about strengthening the squad  – but – yes we know – that’s a really rash thought.

Comments welcome.



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25 comments so far

  • elpaso_geordie

    May 12, 2014 at 11:28 PM

    Comment #1

    60 million ?????????

    That will include wages for the full 4-5 year contracts handed out, Agents fees, signing on fees, petrol for airport transfers + drivers tip

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  • ASTORIA

    May 12, 2014 at 11:28 PM

    Comment #2

    Season Tickets must be due!!!

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  • Oleg G

    May 12, 2014 at 11:31 PM

    Comment #3

    elpaso_geordie // May 12, 2014 at 11:28 PM

    100% right.

    from those 60M, only 20-25 is on players prices, the rest is for the other expenses you’ve mentioned.

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  • beermonkey

    May 12, 2014 at 11:33 PM

    Comment #4

    apart from strikers and a replacement for cabs I don’t expect any other players for the first team until players are offloaded like obatan marveax then I would expect say if benny or taylor sold they would be replaced

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  • Oleg G

    May 12, 2014 at 11:33 PM

    Comment #5

    Also, cannot see why the Club will tell anyone how much they have to spend on players.

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  • Sazzer

    May 12, 2014 at 11:39 PM

    Comment #6

    “Significantly, the club believe they will be able to announce the first of several new signings in the next few days and expect to have the majority of their recruitment done before the World Cup.”

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  • toonarmydownsouth

    May 12, 2014 at 11:39 PM

    Comment #7

    So is that a flat out £60 mil or will any out goings also be put back into the kitty?

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  • Mister Tuff

    May 12, 2014 at 11:39 PM

    Comment #8

    I’ll be waiting with baited breath as to who is going to be signed. In reality we need at least half a dozen players. With the way the Toon add up all the wages,agents fees, etc onto the price -it might be initially difficult to work out the “normal” cost of what the players are really worth -thus getting a reasonable idea as to whether the players are decent or bargain basement types.
    If I was Mr Tubbs – I would not give Percy any money -a fear is that he’ll end up getting Championship clogger types. Percy has previously suggested he wanted to do some early business -in the window, so perhaps not long to wait.

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  • Blofal

    May 12, 2014 at 11:41 PM

    Comment #9

    On top of our attacking midfield and striker problems we also need 2 RB’s.

    Our current 2nd choice is Mbiwa and he is not a RB! We need a someone to replace Debuchy when he is injured (if we keep him)and we need a very young RB to bring up through the ranks.

    I don’t trust Raylor to stay injury free although we desperately need his set piece skills.

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  • elpaso_geordie

    May 12, 2014 at 11:42 PM

    Comment #10

    we will recover 20 million with departures of Debuchy, Ben Arfa and Santon

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  • wynsleap

    May 12, 2014 at 11:43 PM

    Comment #11

    £60 million Ed? – Yeah right
    And I’ve got a date with Michelle Keegan tomorrow night and cutting a record with Take That the night after.
    If Ashley’s spending that much you can bet he’s going to sell our top players to cover it. Wor Big’un doesn’t do outlay – it’s against his religion.
    By the way – when’s those season tickets due in?

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  • thai-mag

    May 12, 2014 at 11:45 PM

    Comment #12

    there’s no way anyone from the Toon is going to tell the Telegraph how much is going to be spent this Summer, only the top few people at the club know that, pie in the sky

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  • beermonkey

    May 12, 2014 at 11:45 PM

    Comment #13

    wynesleap

    I want to some pics of your date

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  • Blofal

    May 12, 2014 at 11:47 PM

    Comment #14

    I understand everybodies pessimism with thinking that the £60m will get eaten up by transfer fees.

    But I can see another £20m coming in in player sales especially if Debuchy and Krul go. I don’t think we should sell debs btw.

    But sales of Marv, BenArfa, Gutierrez, Obertan and the wage cull from losing all these players plus all the failed youngsters will go a fair way to covering those transfer costs.

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  • Big Pappa Cissé

    May 12, 2014 at 11:48 PM

    Comment #15

    And if it is true its not exactly smart saying how much we have to spend before negotiating prices with another team . They will add another few million on the price tag .

    Isn’t Ashley supposed to be smart ? .

    Just another scam to get people into buying season tickets if you ask me and it will be the same “over the line” bollocks when the transfer window shuts .

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  • RonVanDam

    May 12, 2014 at 11:48 PM

    Comment #16

    Oleg G @ 5

    Agree. Why tell the world how much you’ve got to spend when selling clubs will use it to increase transfer fees

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  • Big Pappa Cissé

    May 12, 2014 at 11:50 PM

    Comment #17

    Also don’t let Pardew spend the money, Give it to Carr .

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  • Sazzer

    May 12, 2014 at 11:51 PM

    Comment #18

    What is the track record of this Luke Edwards? I checked quickly and I couldn’t see any strange articles like this one.

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  • Black and White with an army lol

    May 13, 2014 at 12:14 AM

    Comment #19

    I honestly don’t know what to believe these days concerning our Newcastle.

    60 million + sales off the dead wood players???????

    na it’s to good to be true if it was true, imagine the wage cap if Jonas, Marv, Taylor ( both ) Obertan & HBA ( hope not ) was sold on plus players out of contract and also Remy contract of 80k gone

    this would basically mean we could compete against similar clubs better still be in a more financial positives.

    oh and we are suppose to have a 3 year new sponsor that’s suppose to be giving Newcastle more than what Wonga is paying???????

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  • Black and White with an army lol

    May 13, 2014 at 12:16 AM

    Comment #20

    also guys isn’t the seating capacity money for players wages?

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  • Laurent Robert The Legend

    May 13, 2014 at 7:58 AM

    Comment #21

    Just buy back Cabaye 20M

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  • Laurent Robert The Legend

    May 13, 2014 at 7:59 AM

    Comment #22

    We also don’t have anybody from England’s world cup squad..we get Fraser Forster back as no#1

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  • tynesidetommo

    May 13, 2014 at 8:32 AM

    Comment #23

    Hang about lads. The Telegraph story I’ve read makes no mention of £60million. It simply states a “significant” transfer budget will be made available. Neither does the story I’ve read given a breakdown of £40m plus Cabaye’s £20m.
    Just so you know.

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  • Monument Mal

    May 13, 2014 at 12:16 PM

    Comment #24

    Still leaves him with £5m plus of Rupert Murdcoh’s Sky money in his pocket.

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  • MacToon

    May 13, 2014 at 7:32 PM

    Comment #25

    Ha ha ha ha hah a hahahahhaha!

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