There is plenty of money to spend by Premier League clubs, with the current £3B TV deal running out next summer, and the new even bigger deal of £5.1B starting at that time for the next three years.
Newcastle have finally started to spend some of the money we are making from the PL, but we also saw smaller clubs like Crystal Palace spend around £21.5M net in the summer.
Lee Charnley – spent £52.6M wisely over the summer
So just like a rising tide lifts all boats, the increasing money available in the Premier League should improve the squads of all the Premier League clubs, with the emphasis on should.
What we witnessed in the summer transfer window were some of the top six clubs in England paying out massive fees for some players, who didn’t seem to be worth the money, and in some cases it looked like it was even a competition as to who could spend the most of the top clubs in England.
We are quite happy to see clubs like Manchester City pay out almost £100M for two players – Raheem Sterling and Kevin De Bruyne, and Manchester United after last year having shelled out a massive £59.5MM for Angel Di Maria, this year paid out £36M for 19 year-old Frenchman Anthony Martial.
Angel Di Maria was sold to PSG for £44M this summer so that’s a loss of over £15M in one year by the Red Devils on just one player.
And Liverpool paid out £29M for Roberto Firmino and £32.5M for Christian Benteke – so a massive £61.5M for two decent players.
Most people would think those clubs overpaid for those players, and they were not worth that much, but we were extremely happy to see the top clubs seemingly wasting a lot of their money by overpaying in the transfer market.
The top six clubs in England – the two Manchester clubs, Arsenal, Chelsea, Liverpool and Tottenham – get more money than clubs like Newcastle do.
But if they continue to spend huge amounts on their players, the smaller clubs by some savvy and wise spending can create (very) good sides who could then challenge them in the Premier League.
We have seen that over the last two years with Southampton and Swansea, and this year even Crystal Palace (that big club Sissoko wants to join?) have brought in some good players.
Palace beat Chelsea at Stamford Bridge last time out, and they are now second top of the league to Manchester City at the moment.
So it could be that the big money in the Premier League over the next few years, rather than favoring the big clubs, can actually make the competition even stronger with clubs like Newcastle spending money wisely and building up a very good squad.
That could happen if the top six clubs continue to waste their money advantage, by grossly overspending on their players.
Newcastle had the second biggest net spend over the summer – for what Lee Charnley says was £52.6M, and we brought in Gini Wijnaldum, Aleksandar Mitrovic, Chancel Mbemba and Florian Thauvin for that amount.
Compare that to the £100M Manchester City paid out for Raheem Sterling and Kevin De Bruyne, or the £61.5M Liverpool paid out for Roberto Firmino and Christian Benteke.
And who did the better business over the summer transfer window?
It wasn’t City or Liverpool.
Here are the net spends of the Premier League clubs this summer – as published by Sky Sports – with total spend and net spend amounts.
Notice that Newcastle sold very few players in the window, so we kept some experience in the squad.
It’s good that Mike Ashley did what he said he would do – now we have to keep that up for the next two transfer windows, and then see how we are doing.
Comments welcome.
93 comments so far
jane
Sep 8, 2015 at 10:19 PM
Comment #81was I alone in wanting Rooney to miss?
Tsunki
Sep 8, 2015 at 10:19 PM
Comment #82Looks like Ian’s retiring to the shadows to rethink his theory of blog bullying and the injustices of peer judgement, while the totally misunderstood wunderkind Jeff is struggling to contribute now he’s probably face down in a pool of vomit, not necessarily his own of course. Once he is conscious and finds his trousers again I’m sure he’ll be back to his usual search engine greatness.
Jail for Ashley
Sep 8, 2015 at 10:22 PM
Comment #83Blackas,
I love the Queen but I’m dyslexic and don’t believe in dog, I still love my national anthem though !
welshgeordie9
Sep 8, 2015 at 10:22 PM
Comment #84Tsunki
Nice to see that you are in a good mood this evening.
dok - the horrid colonial
Sep 8, 2015 at 10:23 PM
Comment #85Blackley,
thanks… I will pass that on to him, so he can be working on kicking and getting to his teammates, always good to have input as what to work on…
I think what I enjoy the most is seeing how happy he is on the pitch, I never have to drag him out to practice, he shakes his fist at the rainclouds and takes it personal that it rains on his practice or game days haha, he feels its a personal vendetta agasint him
dok - the horrid colonial
Sep 8, 2015 at 10:24 PM
Comment #86tsunki,
face down with a pink umbrella or two in his respective orifices 🙂
maybe google had an upgrade today and he cant log in to it, hence the caterwalling against everyone
Tsunki
Sep 8, 2015 at 10:32 PM
Comment #87Welsh why wouldn’t I be?
Dok – Ian’s got to be a disappointed sponsor tonight, he copied a post from Jeff/Jib earlier this evening as proof that he was merely misunderstood, a victim of blog judgement, and a towering intellect, an insightful contributor etc. It turned out like it does for the man who says to a small child as his Rottweiler runs towards it ” he’s alright, he’s only playing”.
Blackley and Brownlie
Sep 8, 2015 at 10:35 PM
Comment #88I can’t stand the way that that commentator gets excited whenever Rooney has an effort on goal: ROOOOONEEEEE!
That said, it does bring back fond memories of when I started work many years ago. We had an office caretaker called Tom Rooney. The old aristocratic senior partner, Mr “Ian” as he was known, used to climb the steps of the office with his prosthetic leg and brief case. As soon as he got in, he would shout “ROOOOONEEEEE”! The deferential Rooney would take the brief case and help the old man in. Those were the days.
Jib
Sep 8, 2015 at 10:37 PM
Comment #89Tsunki and Dok
First off it’s caterwauling.
Second I had a pop at the Danish dickhead (who spouts arrant nonsense most of the time) and told Toonking he was talking bollix (which in my humble he was)
So how is that caterwalling (maybe that’s right in the states) against everyone and blog bullying .
You lot are so precious – what a bunch of big girlies !
Jail for Ashley
Sep 8, 2015 at 10:38 PM
Comment #90Did we not have a situation before where accounts were being hacked, we had a welshies sheep etc and Jib was apparently being hacked, the new jeff/Jib knows how to post links to his own photos and throw Sunglasses into the smiley mix ???
Blackley and Brownlie
Sep 8, 2015 at 10:47 PM
Comment #91Tsunki @ 87
Hahahaha. “He’s alright. He’s only playing” Some dog owners take the biscuit.
“He’s a bit randy. Just brace yourself for a couple of minutes … well it’s your own fault for struggling… just relax mate … he’s a big softy … you’ll get your pants back when he bored …”
Sorry, I must be still on a high from the large latte this afternoon.
Menelauos
Sep 9, 2015 at 1:12 AM
Comment #92Decided to do a £5 challenge, ive worked my way up to £153 so far, Current bet is Brazil to win at 01.15, £277 potential winnings, if anyone wants to get in now I’ll try to post a update on here every bet.
Menelauos
Sep 9, 2015 at 1:12 AM
Comment #93Game is USA vs Brazil, at 01.15 GMT