There’s an excellent article by Sky Sports today reporting about how Newcastle have bucked the trend and have not spent big money on players over the last couple of years.
In fact, this summer we made a net profit of around £20M and two years ago we made a profit of £30M.
Sky Sports is reporting that while Rafa has been at the club, Newcastle have made a net profit of around £40M.
So Mike Ashley has not spent any of the club’s money over the last two years.
Rafa Benitez – no wonder he’s not smiling
So much for Ashley’s claim that he will give Rafa every last penny generated by the club.
It is an empty promise – it’s simply not true, and he should not say those things and then not keep his word.
Here’s an extract from the Sky Sports report:
“In total, Benitez has now spent £124M as Newcastle manager, recouping £164M giving him a £40M profit in his time in charge.”
“To give this some context, Bournemouth have spent £118M in the same time but with a net spend of £76M.”
Also, our record signing of Michael Owen 13 years ago of £16M is now the average fee paid by PL clubs to bring in a player.
And as a comparison here is the table Sky Sports uses for the net spend of clubs in the Premier League over the summer.
They have Newcastle making a profit of £21M – and we are top of the league as far as transfer profit made last summer
Notice how newly-promoted Fulham have a net spend of £105M and Wolves spent £55M.
This shows how Rafa’s hands have been tried behind his back with Mike Ashley at the club.
It’s just ridiculous and hardly fair to a world-class manager who wants to Newcastle into a top team in England.