Newcastle United confirmed today that the contract of Fabricio Coloccini has been terminated by mutual consent, allowing the player to return home to Argentina to join San Lorenzo and to be with his family – who are located there.
That has been on the cards for at least two weeks and the holdup was to allow Newcastle to bring in a new center-back before the club would agree to release Colo.
So if he is being released we assume Newcastle will shortly announce a new center-back – maybe Steven Caulker from QPR?
Fabricio Coloccini – leaves Newcastle
Colo’s release will mean his £65K/week wages are off the wage bill and the club seems to be handling the wage bill well from what we can tell.
There will be other players either sold or sent out on loan as the club further bring in new players and try to control as best they can the overall running costs at the club for the coming season.
Coloccini joined United from Deportivo La Coruna in August 2008 for around £10.3M when Kevin Keegan was manager, and he played 275 times with 7 goals and 2 assists for the Magpies and was the Newcastle captain from the summer of 2011.
This is what Managing Director Lee Charnley said about Colo:
“It is rare in football these days that a player gives such length of service to one club and I would like to thank Colo for his contribution to Newcastle United since he joined us before the start of the 2008/2009 season.”
“In the eight years he has been with us, Colo has become a firm friend and colleague to many players and staff, past and present, who I know will miss him. We wish him all the very best for his future career.”
Colo has written a long farewell letter to the Newcastle fans after his eight years at the club.