It will not come as a surprise to Newcastle fans that the club seem to handle their finances very tightly, and we didn’t spend a penny in the January transfer window and that’s the last time we could bring in players before this financial year ends on June 30th – so that should guarantee another stellar financial report when it’s issued in a year’s time.
Mike Ashley – money will be available this summer
And that means absolutely nothing to Newcastle fans, who want to see a lot more money spent on Newcastle players on both their transfer fees and wages – that’s what’s needed if Newcastle are going to be competitive again.
That’s because other Premier League sides like Swansea, Southampton, West Ham, Stoke, Everton and others will be spending the extra money they will be getting from the Premier League to build good sides.
If we don’t start spending the money we have available, we could be left even further behind – never mind clubs like Arsenal and Chelsea and the like.
There’s nothing wrong with the way Newcastle get some good deals in the transfer market, but at times we also have to pay out some decent money for good players when the need arises – and that need arises when we want to build a top squad.
A top squad is one that can compete for a top six position in the Premier League.
So with no players coming in during January and a new coach expected soon – hopefully at the end of May – it’s not surprising that Newcastle will bring in a number of new players in the summer – we need them after limping through this season.
Newcastle had revenues of £129M last year, announced by Deloitte last month when we were the 19th richest club in the world, and that’s over £33M more than in the last financial year, and record revenues for the club.
That’s because it’s the first year of the new TV deal (the £3B one – soon to be £5.1B in 17 months time) and we see no real extra costs for Newcastle, so that £30M should flow right down to the bottom line – the profits.
And since we made just short of £10M in the last financial year, the profits could be close or even more than £40M – another record for Newcastle.
There could even be a backlash when those results are announced by the club, because Newcastle refused to spend any of it to bolster our squad last month.
It’s not rocket science to work out we are going to make some big money through the Premier League TV rights – the real question is – will Mike Ashley spend it?
Newcastle need a striker, center-back and creative central midfield player at a minimum in the summer, and we expect to see some young Development players brought in too.
So it could be a good summer transfer window for Newcastle United.
But it needs to be if we are not be left behind by clubs like Swansea, Southampton, West Ham, Stoke, Everton and others.
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