Benitez On Transfer Business – Charnley Was Great


Benitez was asked on the Newcastle web-site today how he thought the summer transfer window was for Newcastle United and he seems very positive.

It’s interesting that he has again said that he was in great communication with Managing Director Lee Charnley throughout the summer and they talked most days.

He was coming back from his UEFA Elite Coaches Forum in Nyon, Switzerland yesterday and he was in communication with Lee on what was happening.

lee charnley rafa benitez

Lee Charnley and Rafa Benitez

Lee was probably updating him on the Moussa Sissoko status, as both Everton and Tottenham met Newcastle’s £30M fee – and Moussa finally went to Tottenham.

Rafa was asked how happy he was with the business that’s been done this summer.

This is how he responded.

“I am very happy. We have really done a lot of business, to move players out and also to bring new players with experience in.”

“It has not been easy all the time, because of the price of players in this window, especially when the Premier League clubs had received their television income.”

“But we have traded very well, we have kept focused on our targets and we have tried to bring the players in with the characteristics that we needed.”

“Every day, until the last minute of the last day, my communication with Lee Charnley has been great.”

“We did everything we had to do to finalize our business early.”

“But these days you can’t control what others do, so while I was in Nyon in the UEFA Coaches Meeting and on my way back to UK, we were talking about the last transfers.”

“I have to say I think we have done a great job and I think it is easy to see that.”

It’s very good that Rafa and Lee Charnley seem to be working so well together for the good of Newcastle United.

Comments welcome.


96 comments so far

  • Laurent Robert 32

    Sep 1, 2016 at 11:11 PM

    Comment #1

    Jail, yes, I read the other poster’s pasting.

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  • jimmysmith

    Sep 1, 2016 at 11:12 PM

    Comment #2

    Charnley has been on a steep steep learning curve, and fallen off a few times along the way, and had to pick himself up. But now he has Rafa and is seemingly doing exceptionally well, and quite possibly they’ll go on to run Newcastle very well in tandem, possibly for years to come.

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  • Laurent Robert 32

    Sep 1, 2016 at 11:14 PM

    Comment #3

    Penfold has done a great job with Rafa, this window.

    Danger Mouse will be proud.

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  • Blackley and Brownlie

    Sep 1, 2016 at 11:31 PM

    Comment #4

    BandB // Sep 1, 2016 at 9:33 PM

    Next time you go to buy a car, try saying “can I stop the repayments if I sell it in six months?”
    It’s unbelievable that this cack is given credence.

    *******************************************

    Who is giving it credence? I’m giving credence to the idea that NUFC get £6m a year for every year with Spurs, plus a fee based on a formula if Sissoko moves before 5 years. It’s credible given the massive gulf between valuations.

    Does anyone on here know the contractual terms? Doubt it. I wouldn’t dismiss it as fantasy. Most people on here didn’t think he was worth anything like £30m. And some expressed the view they’d take very much less to get rid of him. Spurs were offering £16m the last I heard. I think it’s unlikely, but I wouldn’t call it “cack” when I’ve no idea of the exact terms of the contract, which could include numerous variables.

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  • Jail for Ashley

    Sep 1, 2016 at 11:44 PM

    Comment #5

    Jimmy,
    As long as we don’t have to see his ugly mug or have to be reminded that him and his gaffer paid people to research the stupidity of winning FA cups vs relegation then actually getting relegated while avoiding them, then that’s OK.

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  • Whumpie

    Sep 1, 2016 at 11:44 PM

    Comment #6

    Obviously we won’t know how well they’ve done for a season or two – who knows how well the new players will perform?
    But to do that much business, at a profit, and not do one deal that gets slated…. that is impressive.
    Take a bow, all involved.

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  • Jail for Ashley

    Sep 1, 2016 at 11:46 PM

    Comment #7

    Blackas,
    Do you really care?

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  • Blackley and Brownlie

    Sep 1, 2016 at 11:47 PM

    Comment #8

    If Spurs sell after 2 years, do NUFC get all the remaining balance or does the buying club take over the instalments? Are the instalments index-linked? 5× £6m over five years could be worth a good bit less than £30m up front.

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  • Blackley and Brownlie

    Sep 1, 2016 at 11:55 PM

    Comment #9

    Jail
    I’ve seen some people on here question why anyone is bothered at all about how much the club receives on transfers such as this. It’s common sense why the matter is important.

    We may now have £6m more sitting in the bank as opposed to £30m on a straight forward sale. It’s a massive difference. If you had a car worth £30k and wanted the sale proceeds to buy a new car costing £40k, you wouldn’t want to sell it based on 5 instalments over five years. You might be getting the bus for five years.

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  • jane

    Sep 1, 2016 at 11:55 PM

    Comment #10

    course NUFC get the remaining balance :rolleyes:

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  • jimmysmith

    Sep 2, 2016 at 12:02 AM

    Comment #11

    Benitez seems not just a talented and experienced football man, but also a decent and responsible guy. Charnley can only benefit from rubbing shoulders with him rather than Ashley. And Ashley surely would be happy to have two capable and safe pairs of hands to run the club and to allow him take a back seat from where he need do little more than rubber stamp the finances. But sure that ugly mug of Charnley’s does take a bit of the gloss of it all. haha!

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  • ron burgundy

    Sep 2, 2016 at 12:16 AM

    Comment #12

    who cares as long as the wastrel is gone

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  • Blackley and Brownlie

    Sep 2, 2016 at 12:31 AM

    Comment #13

    jane // Sep 1, 2016 at 11:55 PM

    course NUFC get the remaining balance :rolleyes:

    *************************************************

    They get the remaining balance you would certainly think. The question is when? Is the instalment arrangement passed on to the next buying club? Say Spurs sell after two years for £35m to Real Madrid? Do Spurs bank £17m (£5m profit plus 2 instalments already paid to NUFC) and Real Madrid pay NUFC the balancing instalments on the relevant anniversaries for the next three years? Or does NUFC get all of the remaining balance on the sale? In which case an early sale by Spurs would benefit NUFC substantially.

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  • Blackley and Brownlie

    Sep 2, 2016 at 12:35 AM

    Comment #14

    If NUFC gets promoted and hungry for a transfer warchest, this question could be very topical.

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  • funlovingexpress

    Sep 2, 2016 at 3:08 AM

    Comment #15

    Most clubs pay in installments. They usually do it for the length of a players contract.

    Do people think Spurs got £90m for Bale in one go?
    Under Freddie we were often still paying for players who had left. In some cases our yearly payment came to more than what we had sold him for.

    We are pretty unique as a club. We pay cash up front and only spend what we actually have, this means we should always get the best deal and remain healthy.

    But this seems to confuse matters with some toon fans. I dont know why but it does.

    A club like Spurs will pay for the majority of their players in installments. They also receive the majority of their money in installments with respect to players sold.

    This means that they can usually invest the fee received straight away.

    We also take installments on players. Andy Carrol was paid that way as have many others.

    We don’t buy on the never never though so we either save it or use what clubs have given us for that year.

    Some of our fans expected us to use the £31m in January.

    I just dont get it.

    I remember when Carrol was sold, some said the same thing about it not being invested and did the whole incomings outgoings transfers thing.

    Its like they missed the bit that said yes we will receive it but its over time.

    I would wager that the majority of the sales we did were done the usual way, i.e. installments over the length of the contract.

    Its not new stuff.

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  • RonVanDam

    Sep 2, 2016 at 4:08 AM

    Comment #16

    @funlovingexpress
    You nailed it

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  • posada

    Sep 2, 2016 at 5:23 AM

    Comment #17

    Don’t get some of the Thirty Bob Entrepreneurs that come on here.
    We can’t know the exact ins and outs of deals and even if we did we couldn’t do a damn thing about it.
    So, why not just support the club.
    Judge what you can see. The performance in games.

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  • Jib

    Sep 2, 2016 at 6:41 AM

    Comment #18

    It could be the Bobby Thompson repayment plan.
    A fiver down and the rest in threatening letters
    😀

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  • giimps

    Sep 2, 2016 at 6:43 AM

    Comment #19

    I’m sure there was talk of Andy C being sold for cold hard cash up front ,but your right ,most of the rest of top football pay in instalments and Rafa is just going with what he knows….the difference is , we don’t pay for players in instalments at the moment.
    Apparently

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  • LGFUAD21

    Sep 2, 2016 at 7:11 AM

    Comment #20

    Funloving

    I believe newcastle in recent years pay for players up front and sellup front.

    Andy carrol i heard was paid for in 2 or 3 installments that ran over 6 months. I remember we even fined liverpool for late payment.

    There is a difference between cashflow and accounts though. Even if we bought a player for £5m up front in cash, we’d spread the cost on accounts over the course of the contract. This is what ive always been lead to believe anyway.

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  • Lindisfarne

    Sep 2, 2016 at 7:24 AM

    Comment #21

    Rafa “We have done a great job.”

    Penfold “Crumbs Chief, I could’na done it without you.”

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  • Jib

    Sep 2, 2016 at 7:24 AM

    Comment #22

    LGFUAD21
    Not True
    We were actually paid £35 million up front by Chelsea as part of their deal wtih Liverpool for Fernando Torres.
    It was some complicated tax avoidance scheme concocted by the 3 clubs

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  • Spoof

    Sep 2, 2016 at 7:32 AM

    Comment #23

    funloving

    Andy Carroll’s fee wasn’t paid in instalments, it was one payment, and when Liverpool where late with there payment we actually fined them.

    However, even though we may not have all the Sissoko cash come January, if we need to spend that money I’m sure that we could use the balance owed from Spurs as a guarantee so I don’t see a problem with it.

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  • Magpie Myles

    Sep 2, 2016 at 7:35 AM

    Comment #24

    Not only have we made some great and sturdy signings but we have also built a TEAM rather than individuals. On top of that we made a huge profit in the transfer window but we also slashed the wage bill by a big amount. We still have money for January if needed. What a sensible window!

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  • ArtyH

    Sep 2, 2016 at 8:01 AM

    Comment #25

    Just a thought…..As we all knew Charnley was never a football man….with Pardumbo and Co if he just did what they asked him no wonder it went T.Up. Now with Rafa if he does what he is TOLD we can all see the difference, no I am not sticking up for Charnley just looking at another angle…..still think he should have been sacked last season, and is Carr still on the books?

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  • Jib

    Sep 2, 2016 at 8:01 AM

    Comment #26

    The Russian transfer window doesn’t close until 6th September .
    There are rumours that Tioté could be joining his old NUFC teammate Gabby Obertan at Anzhi Makhachkala

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  • Jib

    Sep 2, 2016 at 8:23 AM

    Comment #27

    I think most folk who comment on here about the backroom staff miss the point entirely.

    Because of an unforeseen set of circumstances Rafa Benitez one of the elite coachs in Europe was able to write his own job description at NUFC and now wields the sort of power only a few managers enjoy.

    Mourinho , Guardiola and Conte are probably the only 3 in the UK to match him .

    I think Klopp , Wenger and Pochettino have some restrictions placed on them and have to consult with the suits in the background and the rest of the PL managers are pretty much just coaches.
    This is probably why so many of our transfers had such a short time between being just rumour to the player holding the shirt – there was no referring back – just , Rafa wants him – go sign him.

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  • hibbit

    Sep 2, 2016 at 8:27 AM

    Comment #28

    Jib
    that would be a good moveTioté and us
    lets hope its true he needs to be away

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  • Our Toon

    Sep 2, 2016 at 8:30 AM

    Comment #29

    Fun loving express

    A lot has changed in football since shepherds day. Clubs do pay installments but the new TV deal means more funds payed upfront with smaller installments. Hence the increase across Europe in spending.

    Spurs went from 16m to 30m in less than 4 hours…..find that hard to believe

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  • toonincheek

    Sep 2, 2016 at 8:44 AM

    Comment #30

    NUFC have a history of paying up front for players
    And expecting/requiring other clubs to do the same
    When they buy our players.

    So – why is it different this time?

    Could be that THFC didn’t have all the cash to hand –
    Or could it be that by spreading the income (profit)
    over a longer period, we will be liable for less tax?

    Not suggesting, or even speculating – just asking.

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  • Lilongwe Geordie

    Sep 2, 2016 at 8:48 AM

    Comment #31

    toonincheek,
    More likely they were the only bids on the table, and the club wanted rid so had to accept.

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  • magscar

    Sep 2, 2016 at 9:01 AM

    Comment #32

    One of the reasons that Spurs went from £16M to £30M might simply be that Everton had entered the fray and it wasn’t only one club then playing who blinks first.

    Spurs clearly thought they had up until that point an open run on a player who wanted out and his club would have to bend.

    Everton presumably were thinking that as Spurs had tabled a derisory amount below Newcastle’s valuation they might just have become the only game in town at the eleventh hour.

    As some poster remarked on the day an Ebay -esque bidding war in last minutes of the auction but by rich clubs.

    Newcastle’s move in this was presumably to drop price a little ( as was probably always the likelihood if asking price wasn’t met) and added the instalment deal – was this what helped attract Everton after Sissoko’s agent had used them as a stalking horse?

    Haven’t read any angry comments from Everton camp about us so presumably we played with a straight bat throughout negotiations – if you will excuse the cricket metaphor.

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  • Jail for Ashley

    Sep 2, 2016 at 9:03 AM

    Comment #33

    Unforeseen circumstances? I think the only people that couldn’t see it Jib were you and Churnley.

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  • WWSBRD

    Sep 2, 2016 at 9:05 AM

    Comment #34

    Sissoko money again? Shall we discuss where the Carroll money went next?

    Thought the agreement was to put it on hold for two years?

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  • Charlie in the Gallowgate

    Sep 2, 2016 at 9:06 AM

    Comment #35

    toonincheck
    How the F**k have the Spuds got no money
    season 2014 -15 got £54 million
    season 2015 -16 gift £95 million

    that is without transfers = £149 million in two seasons

    Just Levy is a tight arsed sod who would rather trouser the money than pay-out.

    NO CLUB IN THE PREMIERSHIP WITH THE EXTRA MONIES THEY HAVE RECEIVED SHOULD BE ALLOWED TO PAY IN INSTALLMENTS

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  • expatmag

    Sep 2, 2016 at 9:06 AM

    Comment #36

    JIB @ 22

    Actually, you are incorrect too.

    They paid us £30 millon pounds up front with the remainder at the end of the season.

    Derek Llambiase told a bunch of supporters in a local pub some time later that they charged Liverpool a couple of hundred thousand pounds in interest because they were a couple of days late in paying the balance of the fee.

    The first part us definitely correct. Thesecond part from deadly derek could be raken with a pinch of salt as he admitted to being pished at the time.

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  • Jail for Ashley

    Sep 2, 2016 at 9:13 AM

    Comment #37

    WW…,
    Don’t worry it’ll all be neatly filed in the accounts under the heading:
    Sissoko Money.
    Just like the Carroll money was and that year we should have shown a 30M profit.

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  • Slank

    Sep 2, 2016 at 9:14 AM

    Comment #38

    Jib

    I don’t know about Mourinho, Guardiola, Conte, Klopp or Pochettino but I’m pretty sure that Wenger is ‘the main man’ given the number of comments over the years by professional pundits and ex Arsenal players.

    It has been mentioned on numerous occasions by the same pundits and ex players that Wenger is, to all intents and purposes, in charge of the purse strings and the board tend to bow down and touch their forelocks before him.

    At Spurs I cannot believe Daniel Levy, who has a reputation for being a thoroughly vindictive and manipulative individual, would allow any manager let alone Pochettino get ahead of themselves.

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  • expatmag

    Sep 2, 2016 at 9:16 AM

    Comment #39

    MAGSCAR

    As i see it, both Spurs and Everton had registered an interest in Sissoko for quite some time but failed to offer a bid until Spurs came in with £16m.

    Newcastle would then have told them £30m and not avpenny less but we would accept ghe 5 payments of £6m.

    Both Spurs and Everton had other irons in the fire as Sissoko wasnt their first choices but as deadline day continued, their prefrrences, one by one turned them down.

    Everton then increased their bid to £30m which we accepted with possibly McCarthy as part of the deal.

    Spurs got wind of this and told Sissoko they would natch Evertons bid and he must not answer any calls from them.

    Spurs then upped their offer to £30m under the original conditions stated by us.

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  • Ian Toon

    Sep 2, 2016 at 9:18 AM

    Comment #40

    Charlie- They are planning for a new 61,000 Stadium. Staged payments will help his cash flow.

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