In January Newcastle didn’t spend one penny in that transfer window, much to Rafa Benitez’ annoyance.
But this summer on July 1st was the start of a new financial year.
And we know we will get at least £100M (around £125M if we finish 10th) from the Premier League next May, yet the club only spent £12M net on transfers?
So how come the money is in such short supply at Newcastle.
We know we cannot compete with other mid-table Premier League clubs like Bournemouth, Swansea, West Brom, Southampton, West Ham, Stoke City, Crystal Palace and others, but surely we had a lot more than £12M to spend this summer?
Why did we not use short-term loans based on the money we are guaranteed next May to bring in top players?
That would have had us finish further up the league table, and we could have even made money with that policy.
Now we hear that Rafa Benitez wanted to sign a free agent, but Newcastle couldn’t even afford his wages.
Rafa Benitez – couldn’t even afford a free agent
Free agents ask a lot in wages.
We know that since when we signed Jack Colback three years ago, we have just found out he’s on a whopping £70K/week at Newcastle, but he is not one of our best players by any means.
There has to be more money available than just the £12M spent, so we don’t really know what’s going on financially behind the scenes.
Other than we know that Mike Ashley is more interested in having healthy finances at Newcastle rather than a strong team put out on the field.
That’s a recipe for disaster for any owner, and over the last 10 years, Mike Ashley has amply demonstrated that.