Newcastle Make Profit Of £26M – Yet No Money To Spend – Ashley Should Explain This To Parliament – As Part Of Petition


We know things aren’t as simple as they may appear with transfers.

When we sell somebody for £22M we don’t immediately get that whole amount and they are usually paid off in yearly installments.

So we will be getting money in this summer for the likes of Moussa Sissoko and Gini Wijnaldum who we sold for big bucks two years ago.

But all we can do from the outside is look at things in simple terms – from what’s published in the press.

It’s astonishing the Newcastle hierarchy says we have no money to spend when we have already made £26M in net terms this summer – excluding loan fees and agents’ fees.

£26M is meant to be a rough ballpark figure.

Mike Ashley – Newcastle owner

Our understanding in early summer was that Rafa could spend whatever money he gets in just to keep things even, and even though transfers are not fully paid this summer for outgoing deals.

So when we look at the current transfer table with Ivan Toney being sold for around £0.5M to Peterborough the latest addition, we are making a profit of around £26.5M.

PlayerFeeClub
INCOMING
KenedySeason loanChelsea
Ki Sung-yuengFree agentSwansea
Martin Dubravka£4.0MSparta Prague
Fabian Schar£3.0MDeportivo
Yoshinori Muto
£9.5MMainz
Salomon RondonSeason loanWest Brom
Federico Fernandez£6.0MSwansea
Transfer Fees paid out£22.5M
OUTGOING
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)

How come other Premier League clubs and even Fulham and Wolves – newly promoted clubs from the Championship – can spend more than Newcastle this summer?

Mike Ashley needs to explain this to Parliament as part of his response to the petition brought by Newcastle Central MP Chi Onwurah.

MP Chi Onwurah could also ask Mike Ashley what’s he’s been doing with Newcastle’s money this summer and how there’s no money to spend.

He promised Rafa every last penny the club generates – so he’s not keeping his promise to Rafa.

All answers should also go to Rafa Benitez and the fans.

Comments welcome.


81 comments so far

  • Optimistic Panda

    Aug 9, 2018 at 12:56 PM

    Comment #1

    Has anyone looked inside Charnleys sofa for this missing money?

    0
  • jazzyp

    Aug 9, 2018 at 12:56 PM

    Comment #2

    Edd

    Ashley should be held accountable for the last decade mate,Not just what’s transpired this summer.Why so many fans are throwing there dummies out of the pram this summer is because we now know the money is there and there is no excuses this time.

    10
  • RUNAWAY777

    Aug 9, 2018 at 12:57 PM

    Comment #3

    No more signing when everybody around us are signing players up iam not referring to people on the blog but the fans who will fill sjp you must have sad lifes to put up with this shit again..

    8
  • ShirebrookToon

    Aug 9, 2018 at 1:00 PM

    Comment #4

    I hope there’s at least 500 people outside SD on Saturday protesting to oust the fat fcuk from our club. Now is the time to run him out of our club.

    Enough is enough!

    Ashley Out!

    15
  • Rotonda heights

    Aug 9, 2018 at 1:00 PM

    Comment #5

    JP

    So true, but we can all moan and bitch till we’re blue in the face about where all the money has gone, but 52000 will keep ensuring this misery never ends.

    9
  • Jail for Ashley

    Aug 9, 2018 at 1:03 PM

    Comment #6

    It’s a game to him, he’s obviously not that bothered if we go down, he’ll be getting his kicks as we struggle. It’s time to make his shops financially unviable in the NE. It won’t BANKRUPT him but it will pee him off.

    8
  • Jail for Ashley

    Aug 9, 2018 at 1:04 PM

    Comment #7

    Not sure why bankrupt went all caps on me 😮

    3
  • jazzyp

    Aug 9, 2018 at 1:05 PM

    Comment #8

    GARY NEVILLE
    What the transfer deadline gives you is a clear indication of which are the badly run football clubs!!!

    12
  • Charlie in the Gallowgate

    Aug 9, 2018 at 1:05 PM

    Comment #9

    I don’t think Charmless is to blame as I think he has a good working relationship with Rafa
    It’s Ashly’a Stooge Barnes who was put in place by Ashley to block thwart run over deals and dismiss

    5
  • Bladey

    Aug 9, 2018 at 1:05 PM

    Comment #10

    Beattie
    Bog off from where you came from there are too many ASH kiss arses on here we don’t need another one
    ASH OUT

    4
  • hibbit

    Aug 9, 2018 at 1:09 PM

    Comment #11

    i have an awful feeling Rafa could be gone tonight and who would blame him ???

    2
  • Charlie in the Gallowgate

    Aug 9, 2018 at 1:09 PM

    Comment #12

    4 hours to complete a signing – nothing going to happen
    Only outward which Barnes would push through at a rate of knots- helicopter waiting

    1
  • ilovetoon8788

    Aug 9, 2018 at 1:10 PM

    Comment #13

    what happens if our first choice fullbacks are injured???

    1
  • lochinvar

    Aug 9, 2018 at 1:10 PM

    Comment #14

    24 hours from Tulsa
    Gene Pitney

    4 hours from meltdown
    Mike Ashley

    1
  • hibbit

    Aug 9, 2018 at 1:11 PM

    Comment #15

    Bladey best comment you’ve ever made well done

    2
  • lochinvar

    Aug 9, 2018 at 1:11 PM

    Comment #16

    ilovetoon8788
    Aug 9, 2018 at 1:10 PM
    Comment #13
    what happens if our first choice fullbacks are injured???

    eer… we use our second choice fullbacks

    Silly me, I forgot

    0
  • RobLeenio

    Aug 9, 2018 at 1:12 PM

    Comment #17

    Charlie, agreed – if Charmless wanted to change the brand of tea bag he’d have to run it past Barnes first….

    It must be soul destroying for this little man too, watching his and Rafa’s hard work going up in smoke. He must surely hate going in with low-ball offers for players he knows won’t be accepted, when he’s presumably already found out what the actual sale price would be. In terms of effectiveness, we’ve seen what he can achieve in the promotion season and the January window with McClaren ahead of relegation, when he’s given the authority to act.

    2
  • hibbit

    Aug 9, 2018 at 1:13 PM

    Comment #18

    no excuses the shit will surely hit the fan this weekend

    0
  • Nufc 4ever

    Aug 9, 2018 at 1:14 PM

    Comment #19

    Im sick to death of people on here having a go at season ticket holders. If i took notice of these people i would never of seen any football. Westwood Mckeag fat man etc. The players there need our support the city needs our support. We are here for ever fat man wont. I have no doubt a new owner could be just the same hopefully not . I will be there and take no notice of the rubbish on here empty vessels make the most sound

    8
  • toon kk

    Aug 9, 2018 at 1:16 PM

    Comment #20

    I’m sorry to say but the fans have to take responsibility for part of this problem.
    Why should MA spend big 50,000 flock into SJP to support a team that is put together on a budget, why spend more?
    SD is advertised.
    Yes it’s a disgrace and MA needs to answer alot the questions but he’s getting away with it.

    8
  • lochinvar

    Aug 9, 2018 at 1:17 PM

    Comment #21

    Newcastle have agreed a £6million fee with Swansea for Federico Fernandez and he is on his way to St James’ Park for a medical, according to the Sun. (13.06pm)

    Jib – photo opportunity ?

    1
  • ravz09

    Aug 9, 2018 at 1:19 PM

    Comment #22

    Fernandez agreed!

    1
  • Ron Knee

    Aug 9, 2018 at 1:19 PM

    Comment #23

    Lee Ryder

    Nothing confirmed by #nufc yet on Federico Fernandez. Fee has been discussed in last 24 hours again.

    0
  • Novocastrian66

    Aug 9, 2018 at 1:24 PM

    Comment #24

    Listen do not blame the supporters who go to the game for the way Ashley runs the club. That is idiotic I’m afraid.
    There is only one person to blame, Ashley, not the 50000 who go to the match.

    7
  • Ron Knee

    Aug 9, 2018 at 1:26 PM

    Comment #25

    Lee Ryder

    Mixed news. Fernandez is on his way for talks and medical. Unfortunately does not look so good on Marlon Santos. #nufc

    0
  • Nufc 4ever

    Aug 9, 2018 at 1:26 PM

    Comment #26

    The season ticket money is small fry compared to the riches that the club earns in the premier. He doesent care if its full or not. I will always be there my club my city

    4
  • DubaiMicky

    Aug 9, 2018 at 1:27 PM

    Comment #27

    Lee Ryder
    ?
    Verified account

    @lee_ryder
    2m2 minutes ago
    More
    Mixed news. Fernandez is on his way for talks and medical. Unfortunately does not look so good on Marlon Santos. #nufc

    0
  • DubaiMicky

    Aug 9, 2018 at 1:28 PM

    Comment #28

    You beat me Ron Knee!

    2
  • Bambams

    Aug 9, 2018 at 1:28 PM

    Comment #29

    According to the Chronicle;

    RAFA BENITEZ’S Newcastle United transfer agony is over after agreeing a £6 million deal for Federico Fernandez.

    Argentinian centre-half Fernandez has been a Beniteztarget for weeks but the fee was finally thrashed out with Swansea City with hours to spare.

    0
  • DubaiMicky

    Aug 9, 2018 at 1:29 PM

    Comment #30

    This made me snigger:-

    Lee Ryder and his mother are having a phone call.

    LR “Hi mam”
    “Hi, Lee. Just phoned to tell you Beryl is going in for an operation on her piles on Tuesday at the RVI”
    *Lee hangs up and rings back 5 minutes later*
    LR “Wrong, the RVI have never heard of her”

    0
  • c-dog

    Aug 9, 2018 at 1:29 PM

    Comment #31

    Missing money? Come off it. Ashley would never lie about not taking a penny out of the club…

    …Surely he wouldn’t?

    Ashley Out!

    2
  • Bambams

    Aug 9, 2018 at 1:30 PM

    Comment #32

    DubaiMicky

    I would rather have Fernandez to be honest, looks a good CB

    Ings to follow ?

    2
  • gonufc (Newcastle United Sports Direct Advertising Club)

    Aug 9, 2018 at 1:31 PM

    Comment #33

    When have we ever done anything on deadline day under Ashley? I’m not getting my hopes up.

    Some real big disappointments this summer: Merino being sold and Lejeune’s injury being the worst.

    A few positives: Kenedy coming back, Schar could be a serious bargain- he was one of the most promising young CBs whilst at Basel, Gayle leaving (After his pathetic dive v City instead of actually even trying a shot I lost any remaining hope for him). Ki is a talented free agent.

    And so we begin another under prepared season under Ashley where we have failed to spend the money which we know the club has. Well, I suppose we can’t be sure that money is still with the club….

    1
  • Mister Tuff

    Aug 9, 2018 at 1:32 PM

    Comment #34

    Rafa has got to get the forwards to click this season or we’ve had it.
    Making “a paper/Denis Wise” assessment would suggest the forwards we’ve got will have some difficulties in scoring.
    I like the look of Muto – he might be a surprise – but if Rafa can get this lot scoring he will indeed be a miracle worker.
    Rafa – if he keeps us up this season will have made Mr Tubbs nigh on £300 million over 2 seasons – canny return for fatty – straight into his poke.

    2
  • B1GSTEVE

    Aug 9, 2018 at 1:33 PM

    Comment #35

    Shame the far play rules don’t have a lower limit as well.

    6
  • ronaldo aarons

    Aug 9, 2018 at 1:34 PM

    Comment #36

    I don’t rate Fernandez but Rafa seems to. He’s worked with him before so I won’t be complaining, much lol. Still, disappointed in the quality of cbs we’ve been linked with this year, schar, Reyes, Fernandez etc. Neither you can safely say are solid defenders. Even marlon has lots of question marks.

    1
  • Lee Charnley Bunga Party

    Aug 9, 2018 at 1:36 PM

    Comment #37

    Happy with Fernandez but it still doesn’t solve our left back problem!! Dummett gets injured and we are buggered same as last season when he is out Mbemba and Manquillo were tried there and didn’t do well at all teams ruthlessly target that side when Dummett is out

    1
  • hibbit

    Aug 9, 2018 at 1:37 PM

    Comment #38

    walesonline.co.uk are saying that Swansea City FC flatly turned down the £6m offer as totally inadequate

    0
  • geordiemark

    Aug 9, 2018 at 1:38 PM

    Comment #39

    who can blame rafa if he walked away from this, could any manager worth there salt work with an owner whos a lying two face scumbag of the highest order

    1
  • geordiemark

    Aug 9, 2018 at 1:40 PM

    Comment #40

    hibbit

    it wouldn’t surprise me

    0

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