The Star are reporting today in what they are calling an exclusive, that Mike Ashley is now ready to splash the cash in the summer.
Mike Ashley – will he change his spots?
Newcastle have announced a best ever profit of £18.7M last Monday on best-ever revenues of £129.5M, although about £28M in increased revenues didn’t make it to the bottom line, so that’s gone as costs somewhere – so we are hoping to see more details about the financial report.
We were shocked the way Newcastle mismanaged the club in the January transfer window, and we ended up for the second time running weakening the squad by selling players when we knew we were going to be short of players for the rest of the season.
And we made over £10M in January which is good for the financial record but for nothing else.
It’s hardly surprising that Newcastle are coming out and saying they will spend big money in the summer.
Don’t forget there was a story on Newcastle having a £60M transfer to spend this summer – and it came out rather conveniently last Summer, one day before our best ever financial results were released.
So it’s not surprising that Ashley will want to spend some money in the summer.
New players may come in at high transfer fees, and we hope that happens, as long as they are still decent value for money, and hopefully we’ll also get some good younger players in too at good prices.
But the key to all of this in the summer is how much Newcastle spend net on transfers.
We had a good transfer window last summer but we spent only about £3M net on transfers, and sold players like Mathieu Debuchy.
It seems an old story in the Star, that Ashley thinks transfer prices next year will sky-rocket when the new £5.1M Premier League TV deal clicks in, and that’s a 70% increase over the current £3B deal, which runs out nest year.
The Star says this is good news for Newcastle fans – but that will only be true if we bring in some good players in the summer, and if we have a decent net spend to bring in players who will both improve the squad and make the squad bigger.
Newcastle have gone far too long with a small squad (because it saves on wages).
Ashley cannot keep running the club on a shoestring, when there’s now big money to spend that can be used to improve the team.
But they acted like they were running the club on a shoestring in January, and refused to strengthen when it was obvious to everybody and their brother, that we were short of players.
Another key is which of our top players like Moussa Sissoko and Daryl Janmaat, and top youngsters like Ayoze Perez and Rolando Aarons will still be around in September.
We have to keep our best players if we are ever going to build up a good team and a good squad.
Bringing in new players every summer and sending players on their way for big money, means we are always in a rebuilding phase, as we found out during the first part of the season, although the second half of the season has been even worse – come to think of it.
This news seems more like hype to us than anything else, and we’ll have to wait and see what happens in the summer.
We do hope Mike Ashley will change his ways – that’s Newcastle’s only hope – until a Billionaire who wants to restore the club’s greatness comes in and buys Ashley out.
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.
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