Rafa’s Reported Transfer Funds Look Decent – But This Could Become The Deal-Breaker

There were reports yesterday in both the Mail and the Telegraph that Mike Ashley is willing to give Rafa Benitez at least £50M in transfer funds.

In addition to that Rafa can spend whatever money he can raise in the transfer market by selling players no longer wanted – like Aleksandar Mitrovic, Chancel Mbemba, Matz Sels, Jack Colback and Dwight Gayle among others.

But Rafa also wants more control on transfer and wants to be able to spend the funds as he sees fit.

Can this happen again this summer?

So if he wants to spend the money on two players or seven players that should be his decision.

And more to the point – not Mike Ashley’s.

The other thing is that Rafa wants to ensure Ashley and others above him share his vision for the club.

We are sorry to have to spoil the party, but that’s not going to be the case with Mike Ashley.

He’s much more interested in Newcastle’s bank account than spending big money on top players.

If Rafa really means that then it could be a deal breaker – it’s hard to fake ambition

We have also seen how Ashley can manufacture a crisis at any time.

And this will continue to happen if Rafa stays at the club with Ashley as the owner.

Ashley seems like a stubborn person and appears to be very difficult to work with;  Rafa will know all about that by now.

We have to hope these current negotiations are brought to a successful conclusion as soon as possible.

But Newcastle cannot seem to do anything quickly.

What do you think?

Comments welcome.

27 comments so far

  • niball

    May 18, 2018 at 10:44 AM

    Comment #1

    In todays market, £50mill is enough for one good player or two donkeys better than we have.

  • TyneMouth

    May 18, 2018 at 10:48 AM

    Comment #2

    What ever faults Ashley has revealed in his ownership of NUFC, (and there are an abundance, sadly…) he is a hard-arsed businessman, it is highly unlikely that he would broadcast the transfer budget.

    More poor lazy journalistic mischief…

  • Bambams

    May 18, 2018 at 10:49 AM

    Comment #3

    50 million is not enough, 80 million would be a decent sum….think McLaren had something similar

    Still leaves almost 45 million in the bank then player sales to be added

    Also the Sissoko money as his keepy-back !

    50 million I agree gets one great player….we need more than one

  • Geremi's Prosthetic Leg Fund

    May 18, 2018 at 10:58 AM

    Comment #4

    People forget that McLaren didn’t get £80 million – Carr got most of it. People also tend to forget that we spent £22 million of that £80 million panicking in January due to our league position. That would never have been spent if we weren’t in trouble.

    My mind still boggles at £50 million, how can it be that low?

    It sounds like our biggest sticking point is that as the payments come in in in mid June and mid July we would be limiting our window to post World Cup and pre end of window – so about 2 / 3 weeks or so. The fact that Ashley won’t front up any cash to cover those payments earlier so we can get business done quickly is a huge problem.

    Why not get an external loan out and pay the minimal interest for the 30 days or so we need it for. The couple of mill paid back in interest is far less a problem than not getting targets and yet again making do with second and third choices who aren’t in demand and aren’t at the World Cup.

  • Ron Knee

    May 18, 2018 at 10:59 AM

    Comment #5


    Yes. I was thinking, for example, of the “quarterly” Fans’ Forum & Ashley’s annual PR BS.

  • Geremi's Prosthetic Leg Fund

    May 18, 2018 at 11:06 AM

    Comment #6

    We also must surely have instalments sure for several players sold similar to Sissoko. Most clubs aside from us pay in instalment so as to protect cash flow. Why don’t we start doing the same and maximising our budgets YOY if they are so limited.

  • Bryan

    May 18, 2018 at 11:12 AM

    Comment #7

    If anyone out there really thinks that M.A. shares the same ambition as Rafa then they are deluded. Ashley is a very successful BUSINESS man not a football man. For him to match Rafa’s idea’s on how the club could become a prominent force again in the Premier league, then he would have to put £100m into transfers every year over the next 3 years, and that is doable considering how we generate income now. What he is thinking is, why spend £100’s millions on players and hope to get a Champions league place when I could spend £50m over 3 years, finish middle to bottom half of the table every year and continue to rake in the T.V. money. You see its just a business to him, its all about making a profit.
    Its our club, we love it as much as we love our kids, we hope for success but its not all about success, we get it. Ashley is not a football fan never has been and never will be. He has no love for our club, that has been demonstrated by the fact he has not once attended a home game this season, absolutely disgraceful. He is not interested in competing for trophies or challenging for the top 6 in the league only finishing 17th and above. If Rafa is only going to stay if Ashley gives him what he wants then unfortunately he is going to lose in which case the club loses and more importantly we lose, the fans.
    I am sad to say but how I see things working out is, Rafa will not get the backing he wants and will complete the one year left on his contract then leave next year. Then I can see a downward spiral to oblivion which Ashley will deserve but unfortunately its the people who will be hurt most who will suffer, us the fans.

  • Hail Wor Ashley

    May 18, 2018 at 11:15 AM

    Comment #8

    £50-60m is the profit range I see us making with a rough calculation based on available info. So that’s what I’m expecting. Some people still have a hard time understanding the club spends what it makes and want Ashley to pump in some cash it seems, whilst calling him every name under the Sun and wanting him out with the other side of their mouth.

    Ample amount to consolidate top 10 and be closer to top 7.

    Now my comment takes a Kets inspired turn:



    Gamez and Haidara leaving as contracts up.

    Minimum of £35-£40m there by my reckoning and only player that really contributed this season was Darlow, but with Dubravka coming in and Woodman coming back GKs aren’t an issue and I think Rafa prefers Elliot to Darlow.

    No need to rip apart the squad with the spirit we have. Just add the necessary quality.

    Leaves £85m+


    Dubravka: £4m
    Evans: £3m
    Kenedy: Loan
    Fernando Torres: Free

    £75m for another prime ST, #10 and a LB.

    Simply getting the right ST would propel this team another level. The platform is there to build on.

  • Hail Wor Ashley

    May 18, 2018 at 11:17 AM

    Comment #9

    Carr/McClaren got £80m because we’d amassed a £43m balance and then gambled and brought forward projected following seasons profits from the new TV deal in a bid to stay in the league to ensure we were here to receive the new riches. That went well.

  • Hail Wor Ashley

    May 18, 2018 at 11:18 AM

    Comment #10


    You’ve certainly no head for figures.

  • TyneMouth

    May 18, 2018 at 11:20 AM

    Comment #11

    ‘£50m Transfer Budget’ is now carved in stone, and for the whole of the Summer will be repeated ad infinitum!

    Ashley has revealed many faults during his ownership of NUFC, but he’s fundamentally a hard-arsed, old fashioned businessman, it’s very unlikely that he would agree to publish budget figures to journalists, especially at the opening of a transfer window…

  • G

    May 18, 2018 at 11:20 AM

    Comment #12

    Taken from F365’s gossip column.

    Rafael Benitez, thought to be a target for West Ham,would prefer to stay as Newcastle manager, but wants assurances over transfer budgets from owner Mike Ashley… Benitez wants a £100m to spend on players, full control over transfers and a £6m-per-year contract to stay with the Magpies…

    If there is any credence to this, then I hope Rafa wins it.

  • beefman13

    May 18, 2018 at 11:21 AM

    Comment #13

    Joselu merino and manquillo? best not have too much control eh!

  • Nicky the ball tosser

    May 18, 2018 at 11:23 AM

    Comment #14

    Bryan historically that has not been the case though. The money the club generates has always gone back in under Ashley. The problem has been a lack of quality personnel in key positions, and a transfer policy that too often failed to translate to enough depth and balance to sustain a proper challenge for Europe or a Cup. If Ashley continues to put the money back in, and Rafa buys and sells well, then we can expect to do well. If Ashley backs him with an improved academy and training facilities, we can expect to do better again.

  • Hail Wor Ashley

    May 18, 2018 at 11:34 AM

    Comment #15

    Manquillo is a decent PL backup RB who seems happy to be so and is professional about it. Picked out Perez well for his goal at Watford after a lengthy spell on the bench.

    Merino was in our top 3 players first 10 games of the season, with many questioning how Shelvey would get back in the team ahead of him, then injury struck. Don’t believe me go look back at the MOTM polls. So much so we moved quick to sign him permanently. He has great potential.

    All our goals from this season – https://www.youtube.com/watch?v=PKXx7a-Hi10

  • mactoon

    May 18, 2018 at 11:35 AM

    Comment #16

    Hard to believe the sum will be as high as £50 million but that together with the money from player sales should be enough to please Rafa. The problem is the ambition, if Rafa is willing to compromise and wait until such time a new owner comes in there could be a way forward.

  • Mister Tuff

    May 18, 2018 at 11:39 AM

    Comment #17

    Bit of a lack of knowledge being displayed about past transfer pots – suggesting that old man Carr got tranfer cash.
    What a load of unadultered clap trap.
    Wish folk would read up/understand the process before making daft comments.
    Carr compiled list/completed scouting missions – list submitted for OTHERS to buy or not buy and/ work their way down the list.
    What is difficult to understand about that??????????????????????????????????????????/

  • Nicky the ball tosser

    May 18, 2018 at 11:41 AM

    Comment #18

    Surely the only way Rafa doesn’t get 50 mill plus is if the two telly payments don’t come in a timely manner. Which I suppose would frustrate Rafa no end.

  • bettyswallocks

    May 18, 2018 at 11:42 AM

    Comment #19

    The betting patterns are usually a good indication of the way these situations are developing. Pellegrini is now odds on favourite for the WH job with Rafa drifting out to around 3/1 .

    Obviously when WH released the statement that they were close to signing a top manager with PL and European successes the journalists assumed it was Rafa being that there are very few candidates that fit that description. Rafa then was installed as long odds on favourite with the bookies which caused all the unnecessary panic which I confess to getting caught up in.

  • mactoon

    May 18, 2018 at 11:48 AM

    Comment #20


    “We have followed a process that is progressing entirely to plan and are now very close to reaching an agreement.”

    If they haven’t asked permission to approach Rafa, they can’t be very close to reaching an agreement with him so I read that as they are talking about someone else.

  • dig-n-dig22

    May 18, 2018 at 11:52 AM

    Comment #21

    I wouldn’t be surprised if Rafa doesn’t spend too early in the window due to what may be available after the WC,but when Rafa needs to deal, Ashley needs to back him. We are now well placed to launch an assault on a top 6 slot with some shrewd signings. If Ashley provides insufficient funds to take the club forward, then we seriously need to look at ways to ship the F@T TW@T OUT.

  • Geordie-john

    May 18, 2018 at 11:52 AM

    Comment #22

    HANG ON A MINUTE ! Something doesn’t add up. The club is about to get about £124 MILLION and Rafa can have £50 M plus transfer fees from sales ? Where is the other £74 M going then ? I know that there is the gas and electric to pay etc but £14M would surely cover that easily ? So at least another £60 M going somewhere ? They must teach Maths a lot differently in the south ! As when I went to school ( many moons ago ) my version was a bit closer I think.
    Haway man ! It’s not sports direct sweat shop it’s Newcastle United. Back to your same old same old shit, One for them and two for me !
    You will NEVER change GREEDY COCK-ney Fat twat.

  • Munster Mag

    May 18, 2018 at 12:06 PM

    Comment #23

    50 shud get us 3 pretty decent players a day we cud add 20-30 in players we sell….. Think Rafa wud grab that.

  • DubaiMicky

    May 18, 2018 at 12:06 PM

    Comment #24

    Changing the subject as Rafa/Contract/WHU has been done to death, I see that Exeter beat Lincoln last night, so if they get promoted the unwashed down the road will have 2 trips to the end of the world (or should that be from the end of the world), a quick look on Google maps and both are around 800 miles round trip. I wonder how many will turn up on a wet Tuesday night down there?

  • Tony

    May 18, 2018 at 12:17 PM

    Comment #25

    Dubai Micky

    So they will be going to St James Park next season!

    Just not ours..

  • DubaiMicky

    May 18, 2018 at 12:18 PM

    Comment #26

    I’m sure if we played them (in the cup for example) there’d be 3000+ of us there, no matter what night it was or what the weather was like.

  • Pottsclock

    May 18, 2018 at 12:52 PM

    Comment #27

    For those who are saying where did the remaining money go…
    1. The cash the club from the EPL is gross, not net. Apply 66% or so to get net
    2. Wages alone last time we were in the EPL were £75m or so. Deduct that
    3. Add another £25m for commercial income and £25m from ticket sales, again based on last time in EPL

    Roughly you get to around the £60m mark (there will be other costs and incomes in the details) before you then have to add whatever we get from player sales. So it is in the correct ballpark.

    As someone pointed out, other clubs spend by buying in instalments. Similarly we usually get money from our player sales in instalments. We buy in cash, not on the never never. It keeps the accounts simple and should mean we pay less and it’s also less risky…but it’s also less ambitious.


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