It’s Not Surprising Newcastle Could Spend £60M This Summer

We wouldn’t be too surprised if the reports that Newcastle will have £60M available in funds to spend in the transfer market this summer are true – since we spent not one penny on new players in January, and the very last thing Mike Ashley wants is to have Newcastle relegated again.

That almost happened last season, and that came right out of the blue, after we went into a terrible slump with Newcastle getting just one point in ten games, before we pulled out that great win on that last day of the season.

lee charnley and mike ashley 987

Lee Charnley and Mike Ashley

But it was still close,  because with just six minutes to go in our game two weeks ago, we were only 1-0 up against West Ham and Hull City were pushing for the winner against 10 man Manchester United.

A goal by Hull and one from West Ham in those final six minutes could have seen us relegated.

But that didn’t happen and the amazing Jonas scored a wonderful second goal for us, and the rest is literally history with Jonas being the best player in Europe on that final weekend of the season – what a way to end his career on Tyneside.

Mike Ashley was completely shocked at Newcastle’s predicament, which he mentioned in his interview with Sky Sports, and coupled with the fact we have plenty of money in the bank these days, it’s not too big of a surprise if £60M net would be available this summer for transfers.

We say net because money from players being sold like Cheick Tiote and maybe others like Papiss Cisse, will be used to reinvest in new players coming in  – so the money laid out by Newcastle (gross) could be less than £60M.

And the club have just received almost £78M from the Premier League for finishing in 15th place in the league last season, so money is not scarce.

It will be interesting to see what the net spend is this summer,  because last summer it was only about £3M after taking in money from players sold – like the £12M for Mathieu Debuchy from Arsenal as one example.

The main reason Mike Ashley is likely to spend big this summer is to keep Newcastle in the Premier League, so that our resale value is kept high, and also to continue to get that free advertising for his Sport Direct company around the world.

Oh yes, and it could even be because Mike Ashley wants to win something at Newcastle, but that’s at best the third priority.

It wouldn’t be surprising if Mike Ashley shakes up the Football Board at Newcastle too, as has been reported today in the Mirror.

Because it was the Board who almost got us relegated last season, with their inept decision-making over the last six months or so, which put us in so much jeopardy of being relegated.

In real life and in the big bad world of real business, people get fired for that level of incompetence, which could have cost the club £80M.

We’ll have to wait to see if any changes are made to the Board.

What do you think?

Comments welcome.