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.



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96 comments so far

  • terencelim

    Jun 7, 2015 at 9:24 AM

    Comment #1

    There’s a difference between net spend and spend.

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 9:30 AM

    Comment #2

    cestriasteve…I don’t understand this concept that SM wants to work under the restrictions but no one else does.

    Where does this come from?

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  • cestriasteve

    Jun 7, 2015 at 9:35 AM

    Comment #3

    I think he’s just come as he knows it’s the last chance for him in the EPL

    On the above 60M your having a laugh our net spend in 5 years is 1.2M

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 9:37 AM

    Comment #4

    geordieboy83…dismissing the HC the board throws our way is not personal to Steve…he’s probably a nice guy.

    The point is he’s just an extension of how things were before and how Ashley wants it to be.

    I don’t want to just except whatever they throws our way. Nothing will change with SM due to what I mentioned earlier 🙂

    I can’t support this! I know alot of ppl feel the same just like alot of ppl feel like you…that’s our curse!

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  • WestOzMag

    Jun 7, 2015 at 9:41 AM

    Comment #5

    Haha ill be very surprised if we spend 20 mill ed

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 9:42 AM

    Comment #6

    I am sorry but when was the last time SM was a success on UK soil?

    …we should have gone with someone young any new with something to prove and a drive to go places!

    That’s what Newcastle need right now…a kick in the butt! And we as a fan-base need someone we can all get behind. If you haven’t realized it by now then SM is clearly not going to be that one!

    So we are back to square one 🙂

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  • optimistic prime

    Jun 7, 2015 at 9:42 AM

    Comment #7

    So Mclaren wants to bring in Lee Clark but he hasn’t decided on Carver Stone or woodman yet.

    Oh ye and £60mil to spend

    Haha pull the other one

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  • chasing_rabbits

    Jun 7, 2015 at 9:42 AM

    Comment #8

    Jesper, who knows what Charnley & Carr have promised him to get him to sign up. Probably why these £60m rumours are doing the rounds. Plus what cestriasteve said, he’s taking what could be his last chance with a top flight club. Lets face it, if he can avoid relegation & get past to 4th round FA Cup he’s been a success (at least in Charnley’s eyes)

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 9:43 AM

    Comment #9

    cestriasteve…and we should take comfort in that?

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 9:45 AM

    Comment #10

    It’s the exact same reason why Pardew came here and wouldn’t quit (until another opportunity presented itself)

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  • geordieboy83

    Jun 7, 2015 at 9:46 AM

    Comment #11

    Jesper, but in reality the fact sm, has won things, and is being appointed, surely that is a step away from previous when u look at kinnear, hughton, shearer, Pardew.

    This whole head coach model has got flaws but it is in keeping with how football is run now unfortunately we certainly aren’t unique

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 9:47 AM

    Comment #12

    chasing_rabbits…I am sorry, but I am past accepting that and so should you!

    I won’t support this appointment one bit…these opportunists are what’s wrong with this club (that and the horrible management)

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  • KevinLee

    Jun 7, 2015 at 9:48 AM

    Comment #13

    F the board

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 9:50 AM

    Comment #15

    geordieboy83…SM is the past my friend! If a career is a parable then his career has peeked a long time ago!

    …no comfort in that! On a contrary 🙁

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  • hibbit

    Jun 7, 2015 at 9:51 AM

    Comment #16

    i have been told that McLaren went on holiday to think over the offer from nufc the problem is he wants his own coaching staff

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 9:52 AM

    Comment #17

    hibbit…who wouldn’t want that here 😉

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 9:54 AM

    Comment #18

    Where do you go to think over a job offer and does his wife know that’s what he’s going to do on their vacation 🙂

    …and where does the paper get all these scoops from! Alot of questions and no answers! Hmm…

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 9:56 AM

    Comment #19

    If SM like any other candidate (except from Carver) want yo pick his own ppl shouldn’t it be Charmless who went on vacation to think it through?

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  • ITUNDERASHELL

    Jun 7, 2015 at 9:56 AM

    Comment #20

    So if they get 30 million for Tiote,Cisse, Crull et al then we may spend 15 million on players and the rest will go on wages.

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  • hibbit

    Jun 7, 2015 at 9:57 AM

    Comment #21

    the coaching staff could be a problem he is back in the uk on tuesday night so we could know one way or the other on wednesday ????

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 9:57 AM

    Comment #22

    I really think spending money right now is the least of our problems!

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  • will die for the toon army

    Jun 7, 2015 at 9:58 AM

    Comment #23

    One step at a time. MCLAREN is one I believe in. Now the ball is in Carrz hands.

    Backroom team am ok jst need one new face.

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  • Average_Contents

    Jun 7, 2015 at 9:58 AM

    Comment #24

    Last time the press mentioned a £60m war chest (last summer, the telegraph if I remember correctly) the club were all over it like a tramp on chips denying it and threatening legal action.

    Why haven’t they this time? It’s been bandied about since that bullshit interview.

    The cynic in me suggests it’s because it suits the clubs agenda of turning over a new leaf.

    Leave it out there so fans buy into it.

    It actually wouldn’t surprise me in the slightest if this was leaked by the club in the first place then just left to linger for the gullible

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  • Rotonda heights

    Jun 7, 2015 at 9:59 AM

    Comment #25

    all the decent other options wanted their own staff too but they weren’t entertained. SM has accepted it, but maybe he can delicately move carver, stone, watson and woodman to cone and bib duties only, if they could be trusted to even manage that.

    The best left field choice as HC would have been the Barcelona number 2. Absolutely awesome coach.

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 9:59 AM

    Comment #26

    hibbit…where did he go? Did he fly with British Airways?

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  • Geordie John

    Jun 7, 2015 at 9:59 AM

    Comment #27

    You reminded me of this from last week on another site:
    http://www.toontoon.co.uk/transfer-budget-2015.php

    One way or another, we will know what the intentions are soon.

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 10:01 AM

    Comment #28

    AC…go with your first instinct it’s usually the right one

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  • hibbit

    Jun 7, 2015 at 10:01 AM

    Comment #29

    jesper……… PORTUGAL the rest i don’t know

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  • pavel

    Jun 7, 2015 at 10:03 AM

    Comment #30

    The transfer amounts given by the club under Ashley always a) Include salary over the full length of contract, and b) never include incoming payments from sales. Bearing this in mind, I do think it is entirely possible that we could sign 4 players on 5 year £40k/week contracts and £5m transfer fees of each. That would make up £60m in Ashley’s eyes. In the meantime, we would probably sell at least 2-3 out of Sissoko, Janmaat, Cisse, Tiote, and Krul, which would bring in £15-£20m in transfer fees and along with players already released would at least balance out transfers for players coming in. The end result being, a team and squad no stronger, net spending about even, but Ashley able to say “we spent £60m, what are they complaining about, we can’t compete with teams like Chelsea, Real Madrid, PSG, and … Swansea”

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  • jesperfuglsang - capt'n awesome of the lemon crew

    Jun 7, 2015 at 10:03 AM

    Comment #31

    RH…SM will show his true colors soon enough

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  • Laurent Robert 32

    Jun 7, 2015 at 10:06 AM

    Comment #33

    Keeping our ‘coaching’ team without taking on the new head coach’s team shows further penny scraping and even more lack of ambition.

    All these other managers who have been available over the last couple of years, and we choose ANOTHER one who has been sacked from his recent clubs.

    You couldn’t make it up.

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  • chasing_rabbits

    Jun 7, 2015 at 10:13 AM

    Comment #34

    Jesper, I’m not saying I would accept it if that’s all he managed to achieve. As I said in my post on previous thread though, whoever comes in at least deserves our support for the first few games. If we finish August in a similar position as last year after some serious investment (the players who come in will be more key than who the HC I think) then fair enough, start the protests. I’m not defending Ashley & Co in any way, but we wanted a new HC & we’re going to get one. We wanted the board to come out and make a statement, and we got Ashley taking full responsibility for the clubs situation last year live on TV. He’s a man with pride & a reputation, I don’t think he would have done that if he wasn’t trying to send the fans a message. Otherwise he would have sent Charnley. He even hinted that we might be trying to take the cups seriously and challenge for the higher places in the league. And now we’re told that there’s £60m to spend this summer to strengthen the squad. In my view, all Ashley has done is give us all the ammo we need to take the protests further if he doesn’t deliver.

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  • OneAlanShearer

    Jun 7, 2015 at 10:16 AM

    Comment #36

    60 is probably about right to have a decent side but he only wants to ensure we stay up so expect about 10 with the usual gamble of players staying fit. That might work if half your better players aren’t injury prone or now too old.We need not want 2 new centre backs, a playmaker, cover for a playmaker, a winger, a left back, cover at right back and 2 quality strikers…..I hope they realise quite how far from safe we are. Others have continually improved and the regime smugly thought they didn’t need to. I suspect Ashley’s interview was just hot air but hope its not.

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  • Rotonda heights

    Jun 7, 2015 at 10:17 AM

    Comment #37

    LR

    Xenophobia at it’s best, yet another Brit HC, no matter that the top 6/7 clubs all have foreign coaches.

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  • murvar

    Jun 7, 2015 at 10:23 AM

    Comment #38

    I’d be surprised if we got rid of Tiote in this window. SM clearly valued him at FC Twente, and I doubt anyone would buy him with his injury record of late. I think he will get a run till Xmas and then he’ll be available if he’s not still up to the mark.

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  • Laurent Robert 32

    Jun 7, 2015 at 10:25 AM

    Comment #39

    Rotonda, it’s so far beyond a joke it’s ridiculous.

    I think Garcia had Roma 2nd in Italy, and wasn’t Benitez fifth? Now at Real.

    The bar has been lowered on purpose to suit his money making agenda.

    I really do despair. It’s like seeing cowboy builders dismantle your house and replace it with a shed made from reclaimed and unusable wood.

    Ashley out.

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  • lochinvar

    Jun 7, 2015 at 10:28 AM

    Comment #40

    So McLaren is on holiday considering the offer which we don’t know if it’s been made to be Head Coach at SJP.
    On that basis he is or isn’t pondering over whether or not to accept or not accept a job he may or may not have been offered depending on whether or not he might or might not be able to replace the existing coaching staff with his own people.
    Meanwhile NUFC haven’t spoken with Viera and might or might not have ignored enquiries from De Boer and Laudtopp about the job that might or might not be available. Well that clear then. Decision making at the Club is alive and well. The only thing that’s clear in life at Newcastle United is that nothing’s clear.

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