Mike Ashley has always run Newcastle United in a frugal way, and has tried to increase both revenues and profits of the club as much as possible, and when you look at our revenues and profits – the financial figures are very good, and once the club releases the financial results for the year 2013-2014 – they will look stellar.
Lee Charnley and Mike Ashley – essentially run Newcastle
There is nothing wrong with having good revenues and profits at a football club – but it can be overdone, and sometimes Newcastle care too much about the financial figures rather than the state of the Newcastle squad.
And the excellent financial results are in no way reflected in a squad that is neither big enough nor good enough to compete in the top six in the Premier League.
And we often don’t have a big enough squad for the tasks ahead and that was very true in the one year we were in Europe under Mike Ashley – in the 2012-2013 season – when our squad was ravaged because of the extra European games and we struggled against relegation.
So let’s list some of the things that Newcastle have done since late last August to increase the revenue (and therefore the profits) of the club for this current financial year.
Notice that very one of the following add to the revenues and profits of the club but have negatively impacted the squad.
- Refused to replace Loic Remy with an experienced striker and we have been (at least) one striker short all season
- Started the season with only two experienced goalkeepers – which is very unusual these days for a Premier League club because it’s such a specialized position.
So when both Tim Krul and Rob Elliot were injured in later November Jak Alnwick was asked to play seven and one half games in the Newcastle first team, during which time we won only one game and lost five and conceded 19 goals
- Loaned out Mapou Yanga Mbiwa to Roma for a loan fee and then cashed in on him last month when we picked up a £5.5M fee from Roma for his transfer – Newcastle have been one center-back short all season
- Loaned out Ben Arfa to Hull City for the season
- Refused to bring in a replacement for Steven Taylor when he was injured and out for the season on January 1st – even though that meant we were down to only two experienced center-backs – and there was plenty of time to bring somebody into the club in January – even on a short loan deal
- Loaned out Davide Santon on the last day of the winter transfer window to his former club Inter-Milan – even though we were without Steven Taylor and Mapou Yanga-Mbiwa at that time
- Loaned out five fringe players to Rangers on loan for the rest of the season
Now with Paul Dummett probably out for the season with his knee injury, we have only four experienced defenders available in Coloccini, Williamson, Janmaat and Haidara.
As far as looking to see who could play in defense we suppose we have Ryan Taylor, Vurnon Anita and Jonas Gutierrez who have played in both full-back positions, but we are really short at center-back.
Let’s hope Colo or Willo or both don’t get injured any time soon. 🙁
Finally Newcastle should release the financial results though the end of last June, although now is probably the worst possible time, given the serious situation of the squad and because no money was spent last month.
We know through Deloitte and their Money League that Newcastle have revenues for last year of £129.5M, which makes us the 19th richest football club in the world, and they are record revenues.
And we should also have record profits – our estimate is around £40M or more.
That’s some of the money Mike Ashley has refused to spend and why our squad now is now ravaged for the rest of the season – so let’s hope we can at least 8 points to be safe in the Premier League.
If we do it’s not because the powers that be at Newcastle have done anything to help the situation – it would be a good claim that they have run the club in a reckless manner this season.
When the Newcastle squad becomes more important than the revenues and profits of the club, that’s when we can look forward to having a top side again.
And it’s not impossible to do that.
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