Even After The Muto Acquisition Newcastle Still In The Black

With less than two weeks to go in this summer’s transfer window if doesn’t look like Newcastle’s net spend is going to be very much at all.

Why Newcastle seem to have little to no money to spend when we received £123M money from the Premier League last season is a mystery.

And it’s difficult to believe the owner is withholding money from Rafa as an inducement for him to sign a new contract – if anything that kind of tactic will (should) backfire.

Rafa Benitez – was smiling back in early July

Mike Ashley has always been hesitant to spend the club’s money and he seems to be going overboard this summer.

And that’s when Rafa is finding out what kind of ambition Mike Ashley has for the club.

The answer is very little to none and he’s only interested in keeping Newcastle in the Premier League and we have still been relegated twice under his painful watch.

This does not augur well for having Rafa Benitez stay long-term at Newcastle.

And although it’s not yet official we have included the acquisition of Yoshinori Muto for £9.5M in our transfer table below which show Newcastle making a profit of about £2.5M.

And since we do not include loan fees or agents’ fees in the table we have probably spent as much as we have brought in so far this summer – and we still have Aleksandar Mitrovic to sell for a potential £20M.

Think how things could be if Rafa actually had some decent money to spend.

KenedySeason loanChelsea
Ki Sung-yuengFree agentSwansea
Martin Dubravka£4.0MSparta Prague
Fabian Schar£3.0MDeportivo
Yoshinori Muto
Salomon RondonSeason loanWest Brom
Federico Fernandez£6.0MSwansea
Transfer Fees paid out£22.5M
Massadio Haidarareleased
Curtis Goodreleased
Jesus Gamezreleased
Mikel Merino£10.0MReal Sociedad
Jack ColbackSeason loanNottingham Forest
Chancel Mbemba£5.0MPorto
Matz Sels£4.0MStrasbourg
Aleksandar Mitrovic£22.0MFulham
Adam Armstrong£1.5MBlackburn
Dwight GayleSeason loanWest Brom
Ivan Toney£0.5MPeterborough
Henri SaivetSeason loanBursaspor
Transfer Fees into club£43.0M
Net Spend-£20.5M (profit)

Comments welcome.

7 comments so far

  • Pottsclock

    Jul 28, 2018 at 2:28 PM

    Comment #1

    No Rondon story then….

  • DaveD1000

    Jul 28, 2018 at 2:29 PM

    Comment #2

    nope it’s a soccer sauce original and he is an idiot

  • santon3

    Jul 28, 2018 at 2:35 PM

    Comment #3

    those in and out transfers figure, are they include agent’s fee?

  • Jib

    Jul 28, 2018 at 2:35 PM

    Comment #4

    I think Lesh runs soccersauce

  • wynsleap

    Jul 28, 2018 at 2:48 PM

    Comment #5

    Surely if we end up with a profit from this window plus the 123 million made from last season and merchandising, season ticket sales etc. SOMEONE has to answer the question of where all the money has gone.
    But who’s going to PUBLICLY ask the question to Ashley and his cronies as it won’t be The Chronicle as they don’t have the guts to do it? It’s up to Chi Onwura, IfRafaGoesWeGo, the national media or other official bodies (or better still, all of them) to do it and demand an answer.
    It isn’t rocket science to assume that if it isn’t going on new player purchases it has to go SOMEWHERE.

  • dcbashore

    Jul 28, 2018 at 6:10 PM

    Comment #6

    I think it’s more likely that both of the following statements are true:

    – Rafa is getting every penny the club generates in profit
    – Ashley is withholding money from Rafa.

    Without boring you with all the details, if you shift out the one-time losses from 16/17, the “loan” from Ashley and the broadcast money from that season, and put in the new broadcast money, consider wages, transfers and agent fees — we will probably post a modest profit when the accounts come out in June (20m I would guess). With agent fees, wages, signing on fees, bonuses, etc., that’s hardly enough to sign one decent player, let alone several. So Rafa has to sell to buy in essence, because it may actually be true that he’s getting every penny.

    The real problem is, as Swiss Ramble pointed out, our commercial revenue is 50m+ below clubs of similar stature, because of the “loan” that entitles the shop that shall not be named to have a ton of “free” advertising. THAT, IMO is how Ashley is jerking Rafa and the rest of around. Aside from that part, the club basically break even over the long haul and thus won’t really ever have a massive war chest under this owner. With the loan albatross we can’t generate the extra income we need to be semi-real spenders.

  • neverwin

    Jul 28, 2018 at 9:48 PM

    Comment #7

    There was me thinking that business was all about operating in the black.
    If the right column becomes less than the left then a company has problems. Is that not correct.


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