The are reports in the news today that this may be a low-budget transfer window for Newcastle, but after losing seven of our last eight games in the league, if Newcastle don’t strengthen their squad big time this summer, then we could be in for another relegation fight.
Mike Ashley – Newcastle’s Billionaire owner
And if there’s one thing that owner Mike Ashley doesn’t want it’s a relegation fight, with any semblance of the club being relegated again from the Premier League, and then lose that huge money that PL clubs receive every May.
And it’s not like Newcastle don’t have the money either, because after making a profit of £9.9M in the last financial year through June of last year, on decent revenues of around £95M, we are set to do much much better when this financial year finishes at the end of this month.
Our revenues and profits should improve a lot, and we received close to £80M in money from the Premier League for finishing in 10th place in May, and that was around £35M more then we got last year.
And of course we still have not spent the £20M Newcastle received from PSG in January for Yohan Cabaye.
Newcastle will never be in the business of spending £20M or ££30M on one player, just as long as Mike Ashley owns the club, but he knows the Newcastle squad now needs strengthening - that’s a fact
And of course there are lots and lots of negative stories written about Newcastle this summer, and we read one story that Mike Ashley only wants St. James’Park to be a sell-out each game – not because it helps the team – but because his Sports Direct business will look better on the world-wide stage.
That’s both losing perspective and stretching things a bit, and everything Mike Ashley does at Newcastle is not always wrong, even though the owner remains very unpopular with the fans.
But it will be a good test to see if Mike has any real ambitions for the club – other than to have Newcastle finish in mid-table in the Premier League.
We still expect Newcastle to bring in some decent players this summer, if only because then we will not have a fight against relegation on our hands.
That seems to be the extent of the Billionaires’ ambitions for Newcastle United, but that alone could and should ensure we strengthen our squad significantly this summer.
So there’s a positively negative way to look at things this summer – or should that be negatively positive?
There’s big money available this summer – that’s not the question – the real question is whether Mike Ashley will allow Lee Charnley and Alan Pardew to spend it in the transfer market.