Newcastle Are The Premier League’s Big Spenders

As the Premier League gets ready to kick-off tomorrow, the club that is at the very top of the charts as far as net spend in the transfer market this summer is Newcastle United on £33.5M, and that’s more just less than £10M ahead of the next club – Liverpool.

So Mike Ashley has kept his word and given the Newcastle Board some big money to spend – and hopefully the spending is not yet over,  and we still need to bring in Charlie Austin and a few more players yet – before Newcastle are finished.

Mike Ashley Sky Sports West Ham Match May 2015

Mike Ashley on Sky Sports – pledging transfer money for the summer

Net spend is the money being paid out on transfers minus money coming in from them – and Newcastle have no money coming in – from any outgoing transfers – not yet anyway.

So it looks like it’s £33.5M is what we have paid out for the three top players we have brought in so far this summer – Gini Wijnaldum, Aleksandar Mitrovic and Chancel Mbemba, and the first two are the third and fourth highest transfer fees for Newcastle United in their history.

They are behind only Michael Owen – £17M from Real Madrid in 2005 – and Alan Shearer – £15M from Blackburn in 1996.

The figure also includes almost £500K for 19 year-old striker Ivan Toney signed earlier this week.

The official figures are quoted as Georginio Wijnaldum (£4M), Aleksandar Mitrovic (£13M), Chancel Mbemba (£8.4M) and young Ivan Toney (£479K).

Here’s the graph that shows the top five net spending clubs.

net spend

Newcastle have spent £33.5M  on incoming transfers and that’s 5th in the list of gross transfer spending with Liverpool top of that list with £77.6M.

But it’s always the net spend that is the important transfer figure.

We are hoping that net spend could go up by more than £15M or more before the end of the transfer window on 31st August, with Newcastle bringing in up to three more players.

Here’s hoping.

Comments welcome.