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News and Commentary On Newcastle United Football Club By Ed Harrison, A Proud Exiled Geordie And Lifelong Fan

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Newcastle Have Huge Transfer Money Available This Summer

11:43 am, Wednesday, June 11th, 2014 by Dr. Ed Harrison · 13 Comments

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 glum

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? :D

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.

Comments welcome.



Tags: Financial Fair Play · Financials · Recruitment · Transfer News and Rumours · Transfer Target



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13 responses so far ↓

  • 1 musomag // Jun 11, 2014 at 11:50 AM

    Blatantly stating the obvious here Ed but factual none the less

  • 2 thejokethatisnufc // Jun 11, 2014 at 11:52 AM

    depressing times i dont see us spending much more money than we have

  • 3 smoke beer, drink tabs // Jun 11, 2014 at 11:54 AM

    I thought every tranfer window was a low budget. Its that or NO budget!

  • 4 cyprus // Jun 11, 2014 at 11:55 AM

    Lil,
    That definition you pointed us to regarding the word ‘pardewed’ clearly needs updating. Ask anyone here and he’ll give you a semblance of what the word means.

    On transfers and the like, I think the fans have reached such despair that we’ll need a marque signing to turn it around. I’m talking at least the Cabaye money for a Lukaku type. Mind, not Lukaku himself, he’s probably valued in the 30′s.

    We’ve made big profits on two good but admittedly highly overvalued players, Carroll and Cabs. Time we give something back to the market :)

    The problem on this super signing: MA is probably waiting for AP to use up his last of 9 lives…

  • 5 tynesidetommo // Jun 11, 2014 at 11:56 AM

    With a misleading headline like that Ed you’d get a job with the Red Tops any day of the week.

  • 6 jazzyp // Jun 11, 2014 at 11:58 AM

    Wow Ed talk about sucking people in with a false line

  • 7 70TWO // Jun 11, 2014 at 12:01 PM

    CHEAPSKATE!!!

  • 8 GeordieDan // Jun 11, 2014 at 12:07 PM

    We’ve known for a FACT that he has no real ambition since we finished 5th and and the wise old fat ******* decided he knew best and didn’t bother spending anything then.

    It took the black hole of relegation in the January after that to make him realise he needed to put his hand in his pocket and thats the only thing.

    I’ve said it a million times before Ashley will spend money this summer-but ONLY enough to keep us afloat and not a ha’penny more.

  • 9 jazzyp // Jun 11, 2014 at 12:08 PM

    West ham open up talks with Kouyate and M Richards.
    Showing big ambition if true…….pity were lagging behind yet again

  • 10 stripes1009 // Jun 11, 2014 at 12:10 PM

    Still surprised, no-one has moved for Jordan Rhodes yet!!!! Bet he wouldn’t think twice and then take a holiday before making his decision and he can score goals.

  • 11 Barton // Jun 11, 2014 at 12:29 PM

    Ha’way man Ed,who you trying to kid m8 ?

    Newcastle Have Huge Transfer Money Available This Summer

    Eh ? this place turning into the Beano like.

  • 12 toonaus // Jun 11, 2014 at 1:47 PM

    Getting a little concerned i know it’s early days but to have signed basically only one senior player is kind of a worry when other teams are going mad on the transfer market. We have lost two strikers, a great midfield player and probably another one out in the form of Ben Arfa and we have shelled out sod all when we have great funds available to spend the way it going I can see Newcastle starting the season with goofy as our striker and the same sad sack of players that showed no effort last year. This club is really pissing me off I have support the Toons for many years and have reached my wits end.

    Theirs a different with other teams they’re actually trying real hard to sign players and improve the team not buying players for development for way down the track we need players ” NOW” not later don’t they understand this. Maybe later when we have returned back to our formal glory you can dick around with building players for the future.

    Pull your finger out Ashley and spend some dollars to save us.

  • 13 boltonmagpie // Jun 11, 2014 at 2:02 PM

    I think if you had put the words “In theory” in front of the headline it would have been the real truth.
    I used to look forward to the pre-season, but why would anyone with any ambition want to join NUFC?




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