It’s a situation that none of us expected at the end of last summer after we had brought in four good players for around £53M and at last owner Mike Ashley loosened the purse strings.
But it’s turned out to be another catastrophic season for Newcastle with the likelihood that we will indeed be relegated unless we can somehow put a winning streak together over the remaining games.
If we are relegated then going from around £80M this season from the Premier League to about £20M from the Championship plus maybe £25M in parachute payments – will mean big cuts in running costs will have to be made at Newcastle.
Mike Ashley – praying we stay up
Some of this will have to be in the wage bill, so some of our top players will be sold and new transfer targets will need to be lined up and signed – those who are willing to join a second division club.
Some players are already lined up to leave such as Remy Cabella, who will move to Marseille and players whose contracts run out – such as Steven Taylor, Sylvain Marveaux (remember him?), Gabby Obertan, Sammy Ameobi and Haris Vuckic will all leave the club.
One problem player is Florian Thauvin who is not exactly playing well on loan at Marseille and hardly looks a player who will be ready to get stuck in with the very physical play in the Championship next season.
His wages are high too, so maybe we can keep him on loan at Marseille which will at least take care of some of his wages.
At the moment he is due to return to the club for pre-season training, but he is playing very poorly in France – so he could become a problem player for us in the summer.
While other clubs will be strengthening their sides in the summer ready for the new £5.1B TV rights deal, Newcastle will be contracting to get to terms with life in the Championship.
It’s not a good time to have had a catastrophic season.
It will a very busy time for the club who have to decide a number of things quickly – like principally who the new manager will be to replace Rafa Benitez and how the club will be run – hopefully not with the triumvirate that Lee Charnley dreamed up and doesn’t work.
We assume Graham Carr will have players lined up we can sign if we are relegated – that’s an assumption.
So taking the drop could be even more painful than back in 2009 when much less money was at stake when Premier League clubs were relegated.
We all hope that Rafa can pull off the miracle and save us, but if not we have to hope the club will take some decisive action and show some initiative in the summer and position the club to come straight back up next year.