talkSPORT has issued a list of the biggest spenders in Europe last summer and Newcastle are down as having spent£ £42M – but according to Managing Director Lee Charnley we spent £52.6M.
Given Newcastle spent £42M we are 9th in list of top net spenders in Europe for last summer.
Lee Charnley – Newcastle´s top executive
That´s a strange smile
Here is the list of the top ten new spenders in Europe for last summer.
- Manchester City £101.3M
- Valencia £63.4M
- Milan £60.9M
- Paris Saint Germain £60M
- Atletico Madrid £46.8M
- Manchester United £43.4M
- Real Madrid £42.9M
- Juventus £42.9M
- Newcastle United £42M
- Bayern Munich £40M
If Newcastle were credited with £52.6M net spend we would be 5th in the list and Newcastle signed Gini Wijnaldum, Aleksandar Mitrovic, Chancel Mbemba and Florian Thauvin.
So Newcastle join the two Manchester clubs as the only English clubs in the top ten net spenders for last summer.
It? getting like the top clubs in Europe try to outdo each other in their spending over the summer – and of course Manchester City – the best team money can buy are top of the list.
It hasn´t done Newcastle much good yet and none of the other teams are bottom of the league in their countries at the moment.
However, much better things are still to come from Newcastle United.
But facts like this will also put pressure on Steve McClaren to start producing the goods at Newcastle.
This big spending is likely to continue and the Financial Fair Play Rules have not been a success – although UEFA did penalize Manchester City and PSG last summer – by fining them around £50M.
How´s that for a punishment – give us more of your money.
But they did place restrictions on transfer spending and a reduction in the club’s squad size for the Champions League, but the punishment was like a slap on the wrist.
UEFA had said a few years back when the FFP rules were introduced, they would ban clubs from competing in Europe, who didn´t abide by the rules.
That would have been a punishment that hit those clubs both in the pocket and also their prestige as clubs, by not being allowed them to compete in Europe.
But it didn´t happen.