Things Shaping Up Like Last Summer – Net Spend Likely To Be Low


Rafa Benitez has been talking about transfers again, and he admits that Nice striker Alassane Plea was one of the strikers on his list.

But we didn’t get him and the news was that we bid £20M for him, but Borussia Dortmund got him for £2M more than that.

It looks like £20M is the cut-off point that Mike Ashley will allow for any player this summer.

This is shaping up to be a little like last summer when Newcastle cannot seem to move quickly or efficiently enough to get their top targets in.

Mike Ashley – averse to spending money

And Rafa has talked about that again today – as he did last summer – that we must be a lot quicker and move early for players.

Here’s what the manager has said in the Chronicle when asked about Alassane Plea :

“He was one of the names on the list.”

“We have some inquiries about some of our players and Lee Charnley is working on that.”

“We will see if we have any news in the next few days.” “Obviously, we need to move players if we want to have money to spend on players.”

“It depends on the movements.” “We will see how quick the others can go.”

“Always in the window, you have to do things quickly; if not, you’re losing your targets.”

“And then you go, later on, to players that maybe are not as good as you are expecting in different positions.”

“We will try to sign the right players with the characteristics that we will need for the games.”

“If you go early, you can sign the first or second choice.”  “If not, you go deeper and deeper down the list of targets.”

“The fans need to understand these players here are giving everything, so we have to support them.”

“We cannot say ‘oh, he is not good enough’ because sometimes you cannot sign the players you want but the players that are good for you and the squad.”

“At least we are trying to bring professionals that care.”

There was news today that Newcastle are trying to do a loan deal for West Brom striker Salomon Rondon.

So it does look like we have to sell players before there’s any money to bring in players on permanent transfers.

That suggests we could have a net zero transfer window (or close to it) where the only money spent is what we bring in from transfers of our players to other clubs.

What looks almost certain is that once again the net spend will be low.

Comments welcome.


191 comments so far

  • Optimistic Panda

    Jul 17, 2018 at 4:33 PM

    Comment #1

    The biggest problem selling NUFC is Ashley and his dealings with Rangers and how he conducts business in general.

    He wants a stupidly large profit considering the money that will need to be spent to get certain facilities fit for purpose.

    You couldn’t call his 11 years average never mind successful, so £100m + profit is probably to much for most buyers to bare.

    On top of that what sort of deals does he have the club tied into regarding club crest or sales of shirts or advertising and refreshments etc etc.

    Spiders can’t spin webs like Ashley, who would want the job of unravelling his mess? And to pay a premium for the pleasure.

    So far no one!

    10
  • jazzyp

    Jul 17, 2018 at 4:33 PM

    Comment #2

    Rafa is a proud man who will honour his contract at aNUFC. He will ‘wheel & deal’ and produce a team which stays in the premier league. He will do that for the fans and the city who love him. However, he will walk at the end of the season knowing that he gave his best in an impossible situation.
    Rafa has stated many times the potential Nufc have is in terms what project he had when he took the helm at Liverpool.Sadly this has been diminished over time by the lack of any Ambition or optimism from the owner.
    Sad times ahead and this is not a post of Negativity, More of shear frustration that us as fans are being let down again through yet another transfer window.

    Ashley out

    37
  • Jib

    Jul 17, 2018 at 4:34 PM

    Comment #3

    Someone last week suggested Rafa on a rolling contract
    That has appeal
    It would certainly get Mike Ashley’s bum squeaking
    A zero contract in reverse
    😛

    2
  • The next Mike Williamson

    Jul 17, 2018 at 4:37 PM

    Comment #4

    Hibbit
    I speculated this morning that he might be taking a chunk from his loan in order to bring the price down. Maybe I started the rumours haha
    I believe in the every penny the club generates so either a) we spend £40m plus sales b) pay off the debt and use 30-50m player sales to strengthen squad c) staveley is back in (or one of the others that has already done due dilligence) and he has put a halt to spending like he did last time. the last one is unlikely but still an option.
    i personally think if we get 23m Mitro. 12m Gayle. 6m Atsu. 3m Darlow. Then Rafa will be given that 45m to spend, and MA will take 40-50m off the loan.

    1
  • RUNAWAY777

    Jul 17, 2018 at 4:40 PM

    Comment #5

    I think rafa has done a great with what he’s been given but i think its time for him to put his cards on the table to Ashley, and say start spending or iam off at lest if he walks before ashley can get rid of him he can walk away with his head held high dont let ashley walk all over you rafa.

    7
  • Online Guy

    Jul 17, 2018 at 4:43 PM

    Comment #6

    Jib ,

    Thanks for your answer.. a good take on the future

    I think we are already part of a conglomerate but we are secondary. It will always be so I’m afraid.

    Secondary to Ashley’s other commercial enterprises .

    He needs to let go . He already said he can’t take the club any further, I seen his lips move .

    With that in mind any debate on the subject of him being here to further the football side is a waste of time and argument ..he has already told us in his own words.

    Can’t loose sight of what he said. So any argument for him is null and void.

    13
  • Optimistic Panda

    Jul 17, 2018 at 4:44 PM

    Comment #7

    If it’s true Rafa can only spend the money he generates from sales I wonder what he’ll spend it on.

    I’d suggest 10p mix ups or ice Lol?ies for the squad, if theres enough 99’s

    1
  • Charlietoon

    Jul 17, 2018 at 4:45 PM

    Comment #8

    I reckon Mbemba,Colback,Lazaar, Manquillo, Joselu and Elliot all need to go asap. Nacer Chadil and Loftus Cheek should be out main targets along with a good striker.

    1
  • Lindisfarne

    Jul 17, 2018 at 4:45 PM

    Comment #9

    Now I see where Rafa made his mistake, he should have handed in a list of one.

    2
  • The next Mike Williamson

    Jul 17, 2018 at 4:47 PM

    Comment #10

    i’ll write a more adult petition
    Dear Strong & Stable,
    Pleas put Mike Ashley in prison becos he is worth billions but won’t spend much money on the Toon. Also 99% of his apointmints are pure garbaj.
    *I was going to say especially Charnley but it would be unfair to single him out when there are the likes of Wise, Pardew & JFK and Charnleys choices McClaren and John Charver.

    1
  • magscar

    Jul 17, 2018 at 4:50 PM

    Comment #11

    Does Ashley’s poor running of club in previous seasons have any bearing on its price now taking into account the other major factor that buyers are looking at realistic growth which can be achieved and sustained?

    Ashley is selling on promise of measurable growth- p to buyer to contest that assessment.

    For those who like the selling house analogy ( not me admittedly) but here goes it is like having house in a previously and relatively poor area that suddenly attracts commuters because of say new rail link – do nothing to your house even after neglect and the price will rise along with others in neighbourhood because of demand. Yes not as much as some but it will nevertheless increase to the chagrin of your neighbours who don’t think you should have any profit after bringing down the area for so long

    7
  • toon kk

    Jul 17, 2018 at 4:51 PM

    Comment #12

    Wasting money by penny pinching, paying wages for under par players. Now we need to off load them to move forward. We’ll done.!!

    Rafa trying to pick up the pieces of a broken poorly run club .

    7
  • Lindisfarne

    Jul 17, 2018 at 4:51 PM

    Comment #13

    If I was Rafa I would forget about Transfers, get the first team up to speed particularly for Cup games and use the deadwood / squad players for the league where necessary. Seek some potential personal glory plus fans gratitude and put the blame back onto MA for not providing the a competitive squad of players.

    2
  • The next Mike Williamson

    Jul 17, 2018 at 4:52 PM

    Comment #14

    Since Keegan every manager or chairman has only recieved messiah status or pure hatred/ worst ever status. only Glenn Roeder seemed to get an inbetween/ ok response despite getting us to 7th with no money. Then he got sacked for Big Sam, another worst ever.

    0
  • Optimistic Panda

    Jul 17, 2018 at 4:53 PM

    Comment #15

    Rafa has been dealt the worst hand of all Ashleys managers.

    Has to get rid of ded wood most clubs won’t touch to fund strengthen a already weakened squad.

    Signed donkies as free agents on top dollar and no one will pay anywhere near the same wages.

    6
  • Mr Funky

    Jul 17, 2018 at 4:53 PM

    Comment #16

    If a takeover is happening George Caulkin won’t know – no-one will

    0
  • hibbit

    Jul 17, 2018 at 4:54 PM

    Comment #17

    Rob1971
    i think that’s the plan Ashley knows he’s killed the interest in buying the club so he has to rehash it to sell it
    if the £400m included the debt to him and he can take the debt back in another way in theory he can lower the asking price .
    i believe the debt to him is around £125m if he gets that out from the sky monies he could lower the price £300m at which it would hopefully sell and still come out with a extra premium of £25m

    The next Mike Williamson @4
    maybe you did as the rumour is now definitely out there,
    it does make a lot of sense and adds value to any deal for Ashley which i’m sure he’ll like

    16
  • mactoon

    Jul 17, 2018 at 4:56 PM

    Comment #18

    Ashley can’t get rid of him if there’s a £6 million clause in place, he wouldn’t spend it.

    I thought this would be the situation with transfers when he quoted last years accounts to say we lost £90 million (when we got relegated but recently proven to be less) Using these figures clearly showed it would be the usual frugal approach even though we have gained £123 million from TV money currently sitting in the accounts.

    Rondon’s price is too high for Ashley to consider and with regards to the Plea ‘bid’ I doubt it was anything more than an enquiry. Already at least 2 off Rafa’s strikers list and even if we do get funds from player sales I doubt Ashley will release the full amount, I wouldn’t be surprised to see Slimani rolling up on loan.

    0
  • The next Mike Williamson

    Jul 17, 2018 at 4:57 PM

    Comment #19

    magscar
    can you do a house analogy for Sunderland? must have not bothered to install a fire alarm and the house burned to the ground… and then a plane flew into it.

    1
  • magscar

    Jul 17, 2018 at 4:58 PM

    Comment #20

    Runaway

    If only you had been on his advice team from the start he would have gone at relegation and saved us all the last 2 years of pain 🙂

    Seriously though such big stakes with futures also involved and parties not entirely looking in same direction require very sophisticated prolonged negotiation to have a chance of success. Happy to leave with Rafa and his team

    3
  • Reilly

    Jul 17, 2018 at 4:58 PM

    Comment #21

    Mark Douglas
    @MsiDouglas
    Rondon deal a good microcosm of what is going on at #nufc.

    He’s not Rafa’s first choice but seen as a good, economically viable target by the #nufc boss.

    #nufc won’t sanction it because of his age – when Rafa’s big red line on contract talks is to be backed by the club.

    2
  • Optimistic Panda

    Jul 17, 2018 at 4:59 PM

    Comment #22

    Magscar

    The price may rise in the area but you won’t get anywhere near the market value of a house that’s 100% solid, no where near!

    0
  • hibbit

    Jul 17, 2018 at 4:59 PM

    Comment #23

    please note i’m not saying in any shape way or form that a takeover is in the pipeline
    i’m only commenting on a pacific rumour doing the rounds
    thank you

    11
  • Lindisfarne

    Jul 17, 2018 at 5:01 PM

    Comment #24

    Taking a lesson from the Rangers situation, MA will not sell the ownership of the club and everything associated outright. We only know about Strawberry Place being hived off, potentially MA could be seperating lots of other fixed and metaphysical assests. The asking price is already too high as their are no potential buyers and with elongated commercial / hospitality contracts which limit the potential income the club could generate. NUFC not an attractive offer.

    1
  • Mag52

    Jul 17, 2018 at 5:06 PM

    Comment #25

    As I see it, Rafa, honourable guy that he is, will see out his contract and leave at the end of the season if Ashley still owns the club (and he will).
    Speculation that Ashley is decreasing his debt using money from Sky, while appealing, will prove to be wrong as the debt will be no smaller when we next get informed of it.
    Having kept us up in the premiership for another season, Rafa will be off and, under the new manager, we’ll again be dependant on selling players to get in new ones.
    Where the Sky money is ending up will be anybody’s guess. The creative accountants will know, but they won’t be telling.

    7
  • RobLeenio

    Jul 17, 2018 at 5:15 PM

    Comment #26

    There’s one thing that nobody is mentioning. If we have to sell to buy, why are we not selling?

    Mitro and Mbemba are not at the club, we have players playing with the U23s but Mbemba hasn’t been asked to return and do that. Why? Mitro may be on holiday, but we’ve seen players fly into other clubs from holiday to finalise sales. Mitro hasn’t. Why not?

    Those two players alone would net £25 – £35 Million, more than enough for a decent replacement striker. There’s an obvious sell-to-buy right there, I’m sure Rafa would move on others if he had to as he did in the Championship Summer window.

    Also, why would the club veto a loan move for a player, regardless of his age? A loan player is not a fixed asset therefore depreciation in value due to age is irrelevant. That makes no sense.

    The journos are flapping their chops all over the shop based on a few vague words from Rafa. The Chronicle is once again cobbling together quotes from all over the shop to make it look like they have some special insight (they don’t) and we’re buying it.

    4
  • magscar

    Jul 17, 2018 at 5:16 PM

    Comment #27

    Optimistic

    I think my post acknowleged that you won’t get as much as other better maintained houses – the point simply being that “neglect” in the circumstances of outside improvement (say PL monies) will allow you to seek more than what the intrinsic value may seem to be to others.

    He can ask what he wants and if wants to sell reduce if no takers, argue toss with the buyers estimation if there is interest- that’s basically how it works. Of course if price is the sticking point and includes what he has loaned club as it seems to be reported then if he sees fit he could take that now or in instalments and lower price that way.

    Those speculating on just that make as much sense as the best of the other guesses to me. Rafa may be in loop and see an end game?

    If still no bids at reduced price is there a plan B though?

    0
  • Lindisfarne

    Jul 17, 2018 at 5:16 PM

    Comment #28

    Now MA is stealing other teams kits!!!

    http://futbolgrid.com/detail/lifestyle.php?id=1577

    0
  • TomaKaThor

    Jul 17, 2018 at 5:19 PM

    Comment #29

    Yes the exact same will happen next year, no doubt we will end up selling more than we have spent this summer and then come next year there will be little to nothing to spend, and we will be saying hold on what about the TV Money again and the player sales and the money for finishing……. In the league?

    Just had enough of this fat greedy man, it’s pure hatred just seing his ugly pic makes me angry lol, sad that I actualy want something bad, very bad to happen to him. 🙂

    5
  • Lindisfarne

    Jul 17, 2018 at 5:28 PM

    Comment #30

    Chris Waugh
    ?
    Throughout the course of 2017/18, Rafa kept repeating that #nufc should have more money to spend by this summer after a season back in PL. Despite £123m from last PL season & a £40m-£50m lump-sum payment this month, Rafa still hasn’t had money to spend – & is rightly frustrated

    8
  • RUNAWAY777

    Jul 17, 2018 at 5:29 PM

    Comment #31

    Honestly hibbit i would not get back in to that mate after shit you took last time hope you well.

    0
  • Jib

    Jul 17, 2018 at 5:29 PM

    Comment #32

    Just checked
    with companies house
    something I never noticed before
    NUFC has had loads of fixed and floating
    charges with Barclays Bank
    over an extended period
    the first legal charge was created 23rd July 2004
    all sorts of charges
    deed of assignment 4th August 2011
    supplemental deeds various 2009
    guarantee’s and debentures 1st July 2009
    deed of charge over credit balances 15 March 2007

    NOW HERE’S THE THING
    all these charges were cleared on the same date
    16 March 2018 !!!!!!

    8
  • Jib

    Jul 17, 2018 at 5:36 PM

    Comment #34

    That’s a fortnight before the annual accounts were due

    2
  • lochinvar

    Jul 17, 2018 at 5:41 PM

    Comment #35

    Remember the morning after the party when you were younger and wished you hadn’t done what you did.
    It’s called the cold light of day.
    That’s what the Transfer Window at NUFC feels like.
    Ceiling of £20m
    You can break our transfer record so between £16m and £19,999.99 is allowed
    Sell Colback and others to cut costs ( no problems with that )
    Don’t compete with the top six as strictly verboten
    Ok to compete with the next six below them providing the rules above are adhered to.

    Well at least we’re not competing with the Mackems who have bid £1.2m and £600,000 for a couple of players which is quite impressive for aa soon to be League Two side.

    1
  • lochinvar

    Jul 17, 2018 at 5:42 PM

    Comment #36

    Can we get Bas Dost for £16m ? That works within the Ashley Roommate Agreement

    0
  • hibbit

    Jul 17, 2018 at 5:43 PM

    Comment #37

    RUNAWAY777
    very well thank you
    staying well clear of any itk learnt my lesson and won’t be making that mistake again

    only commenting on a rumour that’s doing the round about ashley and his so called debt

    5
  • Nostradamus the Geordie

    Jul 17, 2018 at 5:44 PM

    Comment #38

    I know this may sound crazy and I hope that we sign someone for at least 20 Million showing the fans that we have some funds. But if like every year we look like paupers of the league sometimes I wish that we did a Sunderland and went down a few leagues, that would teach the fat controller and mini-me to stop phucking around with transfers. The best way to hurt a rich person is to take monies away and dropping two leagues would do that and he probably would have no option but to sell. He couldn’t handle the embarrassment of being associated with a league one team. Sorry but I feel that’s the only way we get him out of our club.

    3
  • born in newcastle lives elsewhere

    Jul 17, 2018 at 5:48 PM

    Comment #39

    My house analogy for Sunderland.
    It’s like buying a house in a run down area where no one chooses to live.
    You throw money at it doing it up and making it look very nice from the outside only for the foundations to crumble, the ‘red furniture’ to turn pink, your ‘friends’ to all desert you and weeds to grow on the pitch (sorry, meant to say ‘garden’).
    As TNMW said, you forget to instal a fire alarm and it burns down……then a plane flies into it???? leaving you with a shell built on unstable foundations.
    Remember, no matter how bad things get for us, at least we aren’t Sunderland.
    HWTL

    5
  • bettyswallocks

    Jul 17, 2018 at 5:48 PM

    Comment #40

    Amanda Staveley may have left a take it or leave it offer on the table and Ashley is doing a bit of bill paying using the tv money and maybe a few player sales before pulling the lever.

    3
1 2 3 5

You must log in to post a comment.