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.
|Ki Sung-yueng||Free agent||Swansea|
|Martin Dubravka||£4.0M||Sparta Prague|
|Salomon Rondon||Season loan||West Brom|
|Transfer Fees paid out||£22.5|
|Mikel Merino||£10.0M||Real Sociedad|
|Jack Colback||Season loan||Nottingham Forest|
|Dwight Gayle||Season loan||West Brom|
|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.