Newcastle Still Unwilling To Pay Out The Money For Good Players – Why?

When there was news a couple of days ago that Arsenal wanted just £13.4M for their striker Lucas Perez we thought that was perfect for Newcastle and that we should go in and try to get the deal done.

But it seems Lee Charnley and Rafa are unwilling to pay that, and we don’t understand that because by our transfer table we have paid out around £7M in net fees.

Of course, we will have to pay for the loan of Mikel Merino, and that’s said to be over £2M, but by a ball park estimate we have paid out very little so far this summer in net terms.

29-year-old Lucas Perez of Arsenal

So is it really true that Newcastle has been given £70M to spend by owner Mike Ashley plus any funds Rafa can make on the outgoing transfers.- which is proving difficult with players unwilling to take a cut in wages to leave Newcastle?

That’s proving difficult with players unwilling to take a cut in wages to leave Newcastle.

It certainly doesn’t look like we have £70M to spend the way Benitez and Charnley have been going about their business and Rafa mentioned last week in the NINE Sports Bar & Lounge that he didn’t have £30M to spend on one player.

So something isn’t adding up here if we cannot find £13.4M to spend on Lucas Perez and have to try to get him on loan for the season to reduce the expense.

It appears Rafa has nowhere near the £70M that was said to be available to him this summer.

Christian Atsu£6.2MChelsea
Florian Lejeune£8.8MEibar
Jacob Murphy£10MNorwich
Javier Manquillo£4.5MAtletico Madrid
Mikel MerinoLoan - seasonBorussia Dortmund
Joselu£5.0MStoke City
Transfer Fees In£34.5M
Vurnon AnitaReleasedAston Villa
Sammy AmeobiReleasedBolton
Haris VuckicReleasedFC Twente
Lubo SatkaReleasedFC DAC 1904
Florian Thauvin£10.0MMarseille
Kevin Mbabu£1.0MYoung Boys
Matz SelsLoan - seasonAnderlecht
Yoan GouffranReleasedGoztepe
Adam ArmstrongLoan - seasonBolton
Lewis Gibson£1.0M initiallyEverton
Daryl Murphy£2.0MNottingham Forest
Ivan ToneyLoan - seasonWigan Athletic
Emmanuel Riviere£1.0MMetz
Siem de Jong£4.0MAjax
Grant Hanley£3.5MNorwich City
Tim KrulLoan - seasonBrighton
Achraf LazaarLoan - seasonBenevento
Transfer Fees Out£22.5M
Net Spend£12.0M

What do you think?

Comments welcome.

39 comments so far

  • martoon

    Aug 2, 2017 at 10:50 AM

    Comment #1

    It really is a worry that we seem to have very little in the transfer kitty. I never believed the sums being floated around but thought we would at least have the parachute payment plus any profits from transfers but we don’t seem to even have that. Unless this is a double bluff by Rafa to keep prices down?

  • clinath@ed

    Aug 2, 2017 at 10:53 AM

    Comment #2

    That crossed my mind last week MARTOON, is Rafa playing cagey knowing who he wants but letting the press run wild on goose chases, at the same time making us look broke!
    Then again…..

  • Toontaff

    Aug 2, 2017 at 10:55 AM

    Comment #3

    I will guarantee rafa will leave sometime this season if fat guts doesnt open his wallet

  • Lindisfarne

    Aug 2, 2017 at 10:57 AM

    Comment #4

    ANSWER: Mike Ashley

  • Rotonda heights

    Aug 2, 2017 at 10:59 AM

    Comment #5


    I think we all know the answer here.

    We have the tightest billionaire owner imaginable, who has tired of his plaything after trying just about everything to sabotage it, but seemingly won’t sell at a fair price, even now and secondly we are suffering the effects of the hopelessly flawed list of Carr’s French failures and recent relegation. Ash is your typical ”know the price of everything and the value of nothing.”


    Aug 2, 2017 at 11:00 AM

    Comment #6

    We will of spent closer to 50 mill so far and we just got promoted so am not sure where the confusion is coming from tbh


    Aug 2, 2017 at 11:02 AM

    Comment #7

    Were people really expecting Ashley to put money into the club? It was never going to happen

  • optimistic prime

    Aug 2, 2017 at 11:05 AM

    Comment #8

    Is this a trick question?

  • Oldgit1

    Aug 2, 2017 at 11:06 AM

    Comment #9

    I share your frustration ED, there were many on here that also thought we had loadsa of money for the bright new era with Rafa. Figures of 70m to 100m have been mentioned but only by the supporters and fellow bloggers.
    This shows Ashley true colours with him suggesting Rafa could have every last penny generated by the club promotion and any funds generated from other means. I beleave bringing in the guy above Charnley is something to do with it to keep a tight reign on funds and the talk of a new owner or someone to inject more funds is a red herring.
    I am surprised that Rafa has agreed to this, but him stating he hasn’t got his first choice transfers in and saying he is disappointed does worry me.

  • croftus5678

    Aug 2, 2017 at 11:08 AM

    Comment #10

    i read murphy was 10 raising to 12mil and for a youngster i wouldnt call that not willing to pay the money.
    and merino is said to have a obligation to buy once he has played x amount of games and the fee is 9.5mil if he does .
    perez tbf is a gamble the same as gayle was tbh with perez having one or 2 good seasons in his career upto date ! and considering his age at 29yo it’s one of those how much is the gamble worth situations.
    i’ll be honest i’d rather pay that money for the gamble of ings as at least you would get a lot more years to gamble with.

  • kakaobi

    Aug 2, 2017 at 11:08 AM

    Comment #11

    Wouldn’t surprise me if the fat man was hanging around parks looking for kids to sell after all he did get £6m for Lewis Gibson

  • RUNAWAY777

    Aug 2, 2017 at 11:10 AM

    Comment #12

    If We can’t play 13 million for a striker how much have we got to spend penfold been told by fat twat don’t spend my money or your gone hibbit mate these days will by the longer know one comes in morning toontaff2 jail and shirebrook toon.


    Aug 2, 2017 at 11:11 AM

    Comment #13

    Can only be the age of perez that is why we seem to be unwilling to pay what arsenal are asking for him…when we paid 10m+ for murphy and more then that for mitro…unless this is just a haggle,the club never do quick transfers so maybe this is just the normal transfer technique… frustrating as it is.

  • Jib

    Aug 2, 2017 at 11:16 AM

    Comment #14

    Ed is a proper little tinker
    Just mention the hint of a shortage of funds and the usual plugs go into bewailing meltdown mode.
    I can see Ed in NC having a chuckle to hissel – loadsa hits all saying wot a wotta that nathty Mike Ashley is.

  • martoon

    Aug 2, 2017 at 11:19 AM

    Comment #15

    WWSBRD @6 – How do you get the figure £50m spend?

  • WLtoon

    Aug 2, 2017 at 11:20 AM

    Comment #16

    Morning chaps. Does anyone know where i can watch the game in town today without getting my eyes ripped out for expensive beer?

  • magicmac54

    Aug 2, 2017 at 11:21 AM

    Comment #17

    Lindisfarne, your spot on, Ashley is the one and only reason Newcastle are not spending the money to get quality players to compete in the premier league, he simply has no ambition to make Newcastle into a proper premier league club, he never had, and he never will, we are just another branch of sports dirrect to him, his only ambition is to keep Newcastle in the premier league on the cheap, he is more than happy if Newcastle finish one place above relegation every year, to him if we are in the premier league it helps promote sports dirrect world wide, but its time all Newcastle fans stopped dreaming, wake up and smell the coffee, if you think Ashley really wants Newcastle to be a proper team, and to be able to compete in the premier league then your simply deluded, to my fellow and amazing and loyal Newcastle fans, the best in the business by a country mile, Ashley is more than happy to finish just one place above relegation every season, it will all end in tears, as Rafa is a very professional man, with so much ambition, he is also a man off very strong character, there is only so much lies and deceit he will tolerate before he walks away, the only thing that is keeping Rafa at Newcastle at the moment is his love for the fans, but mark my words his patience is being tested to the very limit at the moment. HWTL.

  • SuperShearer

    Aug 2, 2017 at 11:23 AM

    Comment #18

    PSG willing to pay £198 MILLION for Neymar but we won’t pay £13 million for a striker we’re crying out for. The entire of our squad isn’t worth what Neymar is apparently.

  • magspuggy

    Aug 2, 2017 at 11:23 AM

    Comment #19

    I still think we will buy players and still have money to spend.

    Perez is too old to resell for profit if things go pear shaped we would be stuck with him on a long contract with big wages.

    50 – 70 million is not a lot of money to spend when you look at things but we need a lot for the money.

    Rafa wont walk fattie wont give us millions
    We will be ok .

    Nobody is going to say what they have to spend it would be silly to do so
    Rafa aint daft..

  • jimmysmith

    Aug 2, 2017 at 11:25 AM

    Comment #20

    It’s too early to be critical of the net spend. Rafa himself has said it’s a tough window. We have spent over thirty million so far, are stronger, and there’s still a month left to buy. Spurs haven’t spent a penny yet. There is money there. We haven’t spent it all yet is all.

  • Hail Wor Ashley

    Aug 2, 2017 at 11:25 AM

    Comment #21

    More to do with size of squad and wage bill than transfer fee. Think we need to shift at least half of Haidara, Saivet, Riviere, Krul, Lazaar and Hanley before we see any more arrivals.


    Aug 2, 2017 at 11:26 AM

    Comment #22

    Agent and player fees

  • Essex Geordie Bill

    Aug 2, 2017 at 11:28 AM

    Comment #23

    Early KO today, might even get the chance to watch if there are streams.

    WLtoon social clubs usually sell beers at a reasonable price, is there not one where you live. Obviously it depend on if they are showing the game.

  • Jamesthefirst

    Aug 2, 2017 at 11:31 AM

    Comment #25

    We spent £12 million on Murphy. So the club is willing to spend that kind of money if they believe the value of the player will go up or at least get their money back should they sell. Perez at 28 is only going to go down in value. Ashley and Penfold look at players as investments, not players. Can they make a profit on the player? Perez is looked at as £5-6 million loss on an investment once he hits 30. Not a smart business decision as far as Ashley is concerned. If Perez was younger they would pay the money.

    I believe, despite their history, that they will let Rafa spend £17-22 million on one player but they need to be 22-24 age. Hence why a delegate from the club has gone to Madrid. Angel Correa would cost £30 million easily as they have already turned down £25 million from Liverpool. But a loan deal is possible, and that is what the club will be looking at. Correa on loan is 100 times the player Perez is, and will cost less money. Vasquez on loan is also a better financial deal than Perez.

    Of course all of this means that the Batshuayi rumours have gone away. A player that seemed odds on to join us last week. Suddenly dead in the water.

    If we had a proper owner he would buy the players Rafa wants. But Rafa knows he has to convince the board of the signing being a ‘good financial investment’ – all the board cares about.

  • lesh

    Aug 2, 2017 at 11:33 AM

    Comment #26


    You may remember Ashley’s promise – every last penny gained from promotion, player sales and other sources (unqualified). Take it as he said and you can forget parachute payment plus any profits from [last summer’s surplus] transfers.

    Rafa’s ambition for Newcastle United seems to be far greater than Ashley’s and inviting a snipe from Jib, I wonder whether Rafa’s contract might include a clause that could affect his position and kick in if we’re in a relegation spot over the Christmas/ new year period?

    Would Ashley really risk another relegation? From what we’ve seen so far, it looks as though he could be playing a dangerous game by not injecting a few quid into the Club.

    Conspiracies, conspiracies conspiracies.

  • WLtoon

    Aug 2, 2017 at 11:33 AM

    Comment #27

    Just the one club where i live but its shut today. cheers anyway.

  • Doctapaul

    Aug 2, 2017 at 11:42 AM

    Comment #28

    I seem to recall that the prize for winning the Championship was £7M… coincidence?

    £13M for Perez does not feel like good business for a 29 year old who didn’t seem to do anything of note for Arsenal. imho

  • hibbit

    Aug 2, 2017 at 11:44 AM

    Comment #29

    plenty time to moan when the window shuts, we don’t have a clue whats going on in the background and neither do the media / press
    we still 30 days to get the players we need

  • Rotonda heights

    Aug 2, 2017 at 11:44 AM

    Comment #30


    Not quite sure where your figure of 50M comes from.

    Atsu 6M
    Lejeune 9M
    Murphy 10
    Manquillo 4.5M
    Merino* only a loan at the minute


    Is that really true you’ve got a friend in germany?

  • ToonRich

    Aug 2, 2017 at 11:44 AM

    Comment #31

    I see Barca have agreed to let Neymar leave…anyone worth a punt from PSG!!

  • Rotonda heights

    Aug 2, 2017 at 11:48 AM

    Comment #32

    what kind of shoots down the pro-ashley lot is rafa confirming he had not got his first choices which he had thought would be fairly routine. secondly when rafa says ”hopefully he’ll keep his word” with the operative word being hopefully it desn’t conjure up a lot of confidence for a man whose 10 years tenure has been a total disaster.

  • West Lancs Geordie

    Aug 2, 2017 at 11:52 AM

    Comment #33

    Why oh why are we not enquiring about the two fringe strikers at Man City (Ineacho) & Chelsea (Batishuyi)?
    Before someone pulls me up I know their names are not spelt like that but you know who I am talking about.They have got goals in the Premiership but down the pecking order at those two wealthy clubs.

  • benjohnsen

    Aug 2, 2017 at 11:54 AM

    Comment #34

    The communication from the club and the word on the street has been clear. We need to get rid of dead wood before we buy new players. We don’t afford to have player such as Riviere, Krul, Haidara etc on the reserve team. We need to ship players out and ASAP.

    The real cost for our club is not the transfer money we pay up front, it is the wages that we have committed to over lengthy contracts with average players. This has also been mentioned in here multiple times earlier.

    Newcastle can of course buy them out of their contracts, but that will then reduce our transfer kitty. I believe the reason Anita didn’t get a new deal were not his ability, but simply a way to reduce the wage bill.

    Rafa is probably working very hard to get rid of players, because that will allow him to bring in the quality he needs. Hopefully, we will see 5-6 players leaving the club within the next couple of weeks. If that happens we can start talking about making good signings.

  • West Lancs Geordie

    Aug 2, 2017 at 11:57 AM

    Comment #35

    I don’t know why you lot keep on complaining about Cashley you know the situation year in year out – ten years of it. He’s only interested in profit from buying cheap & selling on mainly young players.There’s no long term plan as he has no knowledge or interest whatsoever in football or NUFC. I hope he’s had the sense to put in a good sell on clause for young Gibson. Anybody know?

  • West Lancs Geordie

    Aug 2, 2017 at 12:00 PM

    Comment #36

    Pay off Haidara, Riviere, Good , Colback & Hanley then if no club will take them for free. Can’t see the need for more goalkeepers & wingers we are awash with em

  • AncientC

    Aug 2, 2017 at 12:10 PM

    Comment #37

    The wage bill isn’t excessively high; probably in the bottom 8 clubs in the PL. So why the pressing need to move out players before bringing any in? Is it really worth missing out on targets earlier in the window to shift out players who are not going to play if they stay or leave? Same end result…

    Obviously some players do have to be moved on, but at the expense of missing out on targets? I could understand it if the club wages/against turnover were unsustainable, but it’s not like that whatsoever.

  • Davies

    Aug 2, 2017 at 12:55 PM

    Comment #38

    Doubt it’s anything to do with Ashley. I wouldn’t shell out £13.4m on a striker with 63 career goals, only one of which was scored in the EPL, at the age of almost 29. Mitro has a better career and premier league total and he’s 7 years younger. If we’re after Perez, a loan deal makes more sense.

    Unwanted players refusing contracts elsewhere because we pay them too much money is a bigger problem for me.

  • Munster Mag

    Aug 2, 2017 at 1:13 PM

    Comment #39

    This brings me right back to rafa in Ireland preseason when the journalist said he was clearly a frustrated man because of what the journo guessed was a transfer obstruction or similar. Rafa won’t put up with this. He wanted to stay in England and this was the best gig available but if it ain’t a good gig…


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