When the transfer window closed last night at 11:00 pm Newcastle time, we realized that’s the last time Newcastle could spend money on players coming into the club, either on loan or on a permanent deal this financial year.
Mike Ashley – Newcastle’s frugal owner
That’s not absolutely correct, because we can still sign somebody who is not under contract, but the point is that’s basically it through June 30th when this financial year ends.
The next transfer window opens up on July 1st, when the next financial year begins, so it’s obvious that Mike Ashley did not want to spend any money in this transfer window for this financial year, and Lee Charnley in his interview with the Chronicle basically confirmed that.
We did bring players in last summer, but we also sold Mathieu Debuchy to Arsenal for £12M – so our profits for this current financial year should again be very good.
But they will not be as good on the profit side as in the previous year, when we only spent money on two loan players – Loic Remy and Luuk de Jong – in those two transfer windows while Joe Kinnear was back at the club as Director of Football.
While there’s no doubt that Mike Ashley is a bit of a wizard with the finances, it’s not doing Newcastle much good at all, other than we will get high marks for having such great financial results year over year.
Some of the profits are also going into facilities improvement, such as the overhaul of the Benton Training Grounds to make them into a wold-class facility – and that’s very good – that’s where some of the money should be spent.
But it’s the playing squad where we need more investment from Ashley – and if we did that we could build a top side again.
That’s definitely possible given what our financial results will be in the years ahead – better by far than they have ever been in the past – mainly due to the massive Premier League TV money.
If Mike Ashley would only do that, then our results on the field would improve dramatically
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