According to the Daily Mirror, Newcastle will be willing to spend up to £60M this summer to bring in some new players, and the report also says that Newcastle are willing to sell three of their star players.
Tim Krul – up for sale
If the story is true then if wouldn’t surprise us, because Newcastle have money available to spend – they just haven’t bothered to do that in the last two January transfer windows, and the team has suffered because of that.
But the club is starting to face some real and justified criticism from their fans that there is no real ambition from owner Mike Ashley, and he seems willing to have Newcastle in mid-table and have great financial results.
Clubs like Southampton, Swansea and West Ham have outspent Newcastle over the last two years, and seem to have more ambition than Newcastle these days.
A football club is there to do well and win trophies for their fans, and there’s no better fans than Newcastle’s – and we still have over 50,000 at each home game, come hell or high water.
But we haven’t won anything since 1969 and seemingly don’t want to have long cup runs, because that could interfere with our league results and the big money we get each year from the Premier League.
The report suggests that Cheick Tiote, Fabricio Coloccini and Tim Krul will be sold, and the only surprise there is Tim Krul, although maybe Newcastle think that Karl Darlow – who is on loan at Nottingham Forest – can do the job for Newcastle.
We’d still be surprised if Tim is sold, and he’s been a good player for the club and been on Tyneside ten years this summer after signing on from ADO Den Haag in the summer of 2005, when Graeme Souness was the manager and Tim was 17.
And with Newcastle set to announce their stellar financial results next week, maybe this story has been leaked to calm down the fans, because the financial results will indicate we have plenty of money to spend.
But in January we didn’t spend a penny, and sold Alan Pardew to Crystal Palace (compensation for breaking contract), Mapou Yanga-Mbiwa to Roma and then Davide Santon to Inter-Milan – and in total brought in around £11M.
But now John Carver is struggling with only 15 senior players available at the club.
So it makes sense to have a story like this on the Sunday before the financials are released.
The Mirror report says the £60M is for transfer fees and wages – but contracts are over many years and Newcastle pay their transfer fees up front in cash – so how the wages figure into that we don’t know.
Is it the wages over the full contract of a player , one year’s wages – or what?
And we would hope that whatever we get for the three players up for sale, that money will be reinvested into bringing more players into the club.
And one reason Newcastle will spend the money this summer is that next summer the new £5.1B TV three year deal starts, and that’s a 70% increase on the current £3B deal we have in place.
The Newcastle owner thinks the transfer fees will sky-rocket – starting next summer – and he could be right on that, but remember this big money is only for the 20 Premier League clubs.
Suffice to say there will be plenty of money to spend this summer at Newcastle.
Note: Mark Hammell is an avid reader of the blog and he has signed up for 7 endurance events totaling over 600 miles, after he has just recovered from a serious ACL injury.
Mark is doing this to raise money for the Sir Bobby Robson Foundation. Here is Mark’s Justgiving page – see if you can help him out and help Bobby’s Foundation.
You can follow us on our three social media sites.