One big surprise that’s been hinted at all summer and is now starting to surface more is that Rafa Benitez seems to have very little money up front to spend.
Some of the money promised by owner Mike Ashley just a couple of days after we won the Championship appears to come from selling players we already have.
We remind everybody that Mike said he would give every last penny this summer that Newcastle had for Rafa to spend.
That is plainly not the case.
By our reckoning, we have laid out gross transfer fees of around £32M and sold £14M worth of talent in Florian Thauvin, Darrel Murphy, and Kevin Mbabu.
That means we have only spent £18M net this summer and we still have high wage earners on the wage bill such as Tim Krul, Manu Riviere, Henri Saivet, Sadie Haidara, Achraf Lazaar and others that we are trying so hard to sell.
One big problem is that many of them are on very high wages which means it’s difficult to unload them when they have good contracts at the club.
Rafa Benitez in the dugout on Sunday
So given that financial background, it’s not too surprising that Rafa is reduced to trying to make loan deals for Newcastle in the last month of this transfer window.
The Chronicle’s chief sports writer Lee Ryder has tweeted the news this morning Newcastle is looking at doing some loan deals:
#nufc currently exploring a couple of loan options. Rafa Benitez said in last presser club are moving in “different directions”.
— Lee Ryder (@lee_ryder) August 8, 2017
We have to admit to getting a little bit worried at having a world-class manager scraping the barrel for funds and players this summer.
That’s when other managers not half as good as Rafa are getting massive amounts of money to spend at other clubs – including some – like Wolves manager Nuno Espirito Santo as one example – in the Championship.
This is not the way to keep Rafa Benitez on Tyneside for a long time – currently, his Newcastle contract runs out in less than two years.
Here are the ins and outs at Newcastle so far this summer.
|Javier Manquillo||£4.5M||Atletico Madrid|
|Mikel Merino||£2.5M Loan - season||Borussia Dortmund|
|Kenedy||Loan - season - pending||Chelsea|
|Transfer Fees In||£37.0M|
|Vurnon Anita||Released||Aston Villa|
|Haris Vuckic||Released||FC Twente|
|Lubo Satka||Released||FC DAC 1904 |
|Kevin Mbabu||£1.0M||Young Boys|
|Matz Sels||Loan - season||Anderlecht|
|Adam Armstrong||Loan - season||Bolton|
Up to £5M in add-ons
|Daryl Murphy||£2.0M||Nottingham Forest|
|Ivan Toney||Loan - season||Wigan Athletic|
|Transfer Fees Out||£14.0M|
What do you think?