Newcastle are finally starting to move some of their surplus players out, but it may be coming too late for the club to bring in some of their targets for the summer.
Grant Hanley has made a move to Norwich City for what the Chronicle are saying is only a £3.5M fee.
But even with that, we reckon the net spend by Newcastle so far this summer is only £14.5M – with a gross spend of £37M.
We were talking at the beginning of the transfer window of a net spend of around £70M being available – how wrong could we be?
But we also don’t understand why there is so little money available to spend this summer and Rafa certainly thought there was a lot more.
Rafa Benitez – signed six new players so far this summer
The difference with last year is we were unable this summer to move out players early in the window and have that cash available to spend.
Three players have left Newcastle within the last few days, and two more are expected to transfer out before tomorrow night.
Maybe we will have some money to spend in the January transfer window, but we wouldn’t bet on it.
Here are the transfers in and out so far with three deals still pending – one in and two out.
|Javier Manquillo||£4.5M||Atletico Madrid|
|Mikel Merino||Loan - season||Borussia Dortmund|
|Transfer Fees In||£34.5M|
|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|
|Lewis Gibson||£1.0M initially||Everton|
|Daryl Murphy||£2.0M||Nottingham Forest|
|Ivan Toney||Loan - season||Wigan Athletic|
|Siem de Jong||£4.0M||Ajax|
|Grant Hanley||£3.5M||Norwich City|
|Tim Krul||Loan - season||Brighton|
|Achraf Lazaar||Loan - season||Benevento|
|Transfer Fees Out||£22.5M|