Exclusive Report – Benitez Offered Massive £15M 12 Month Deal – Owner To Sell Club – Problems Exist


The Sun is reporting today that Newcastle will offer Rafa Benitez a one year contract worth £15M that will keep him at the club for one year through next June 30th.

The Sun is calling the report an exclusive – well why not – it’s a Sunday.

Rafa’s contract runs out on June 30th but a one-year extension seems nonsensical – we’ll have the same uncertainty with Rafa as we have now – he could be leaving next summer rather than this summer.

It’s called kicking the can down the road when people cannot solve their current problems so come up with a hokey one-year solution to delay it for a year – or for some other period.

It looks like a problem has been solved (phew!) until it comes up again.

That’s only one way of getting nothing done and not solving your problems.

The US Congress does it all the time.

Mike Ashley new offer to the manager – lacks any deep thinking or common sense

The sum that Rafa will get includes a substantial basic wage of around £240K/week plus a survival bonus of around £2.4M – by our estimates.

So Ashley is again thinking about avoiding relegation next season – presumably until he can sell the club.

The Sun reports that Ashley doesn’t want to put Benitez on a long term lucrative deal since that would add to the cost for anyone buying Newcastle.

Once again it seems Ashley only thinks about the money side of things and he seems to be hoping for a buyer within the next year.

Does he not realize if Rafa is put on a one year deal it will be difficult to bring players in this summer – and then come Xmas, people will again be asking if Rafa will be leaving in six months.

It’s deja vu – all over again.

That’s always assuming this news is accurate – although we have difficulty believing it will turn out to be true.

But honestly – if the report is accurate this offer lacks any kind of common sense or football thinking.

It’s certainly not what Rafa is looking for – he wants a long term project at Newcastle and he’s said that many times.

This is another example of incompetence coming from Mike Ashley and the way he thinks about football.

It’s incmpetence in motion.

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Comments welcome.


163 comments so far

  • lochinvar

    May 12, 2019 at 7:12 AM

    Comment #1

    The Sun’s most famous headline was “Freddie Star ate my hamster”
    “Ashley to pay Rafa £15million for one year contract” is a close second.

    Anyway it’s only half what Sanchez gets as a player at Manure.

    Or we could take the optimistic view that’s to keep Rafa at the club while the new owners finalise the take over from Ashley. Crafty these Mexicans.

    7
  • Jail for Ashley

    May 12, 2019 at 7:17 AM

    Comment #2

    If there’s any truth in this at all, then Benitez gets very little to spend on players, Ashley pockets about 40M after giving Rafa his 15M and strangely enough the club remains unsold. Come this time next year he’s offered the same again as there’s definitely a buyer this time. All the while we have to endure goalless matches and dire football before scraping survival. I think the multi millionaire Rafa Benitez will tell him to stick it up his ar$e. Unfortunately for us when Mikey doesn’t understand how football works he gets frustrated and upset and does something bad for the club (in the words of Alan “bloody” Pardew)

    4
  • Jail for Ashley

    May 12, 2019 at 7:18 AM

    Comment #3

    martoon,
    Did I mention I’ve still got my bench boost.

    1
  • Jib

    May 12, 2019 at 7:25 AM

    Comment #4

    After reading a lot of political/financial stuff this weekend it
    occurs to me that there could be potential buyers in the offing
    who are waiting to see the outcome of the Westminster
    shenanigans.
    Who would want make a substantial investment in the UK
    at the moment with the possibility of Corbyn as PM ?

    8
  • Bambams

    May 12, 2019 at 7:26 AM

    Comment #5

    Well ‘IF’ there is yet again another rumour/takeover happening – we know where the Sky/PL money is going AGAIN

    I wish we could work out where we are with all the funds coming into our club, the interest free payments for Wini and Sissoko, the Merch, match day money, ST, sponsorship….Its endless.

    We are AshLIE’s cash cow and always will be as long as he is the owner.

    17
  • posada

    May 12, 2019 at 7:44 AM

    Comment #6

    Mark Lawrenson may be correct about MAs thinking.
    However, it’s not about how much you want to invest, it should be about how much do we have to invest. Revenue income of 178M a year should provide plenty if he sticks to every last penny.

    Aim for 10th and in a good year you will be 10th. In an average year you will be 15th. In a bad year, say one in seven, you’ll be relegated and lose your main source of income in the process.

    Stoke City, Swansea etc. All had a run of years that eventually came to an end.

    2
  • Ron Knee

    May 12, 2019 at 7:51 AM

    Comment #7

    Jib

    Or perhaps they’re waiting for the pound to tank if the UK crashes out of the EU…

    5
  • Jail for Ashley

    May 12, 2019 at 7:53 AM

    Comment #8

    posada,
    If all the other 14 clubs decided it wasn’t worth investing to finish seventh then the PL would look like the Championship with some pretty dire football going on.

    1
  • Jib

    May 12, 2019 at 8:00 AM

    Comment #9

    Ron
    Correct
    However you slice it
    The UK is not the destination of investors at the moment

    1
  • Jail for Ashley

    May 12, 2019 at 8:02 AM

    Comment #10

    Please don’t try and blame Brexit on this footin circus for gawds sake.

    19
  • posada

    May 12, 2019 at 8:04 AM

    Comment #11

    Jail
    You could argue the bottom half of the Prem is like the Championship with some dire football going on. Actually that’s too harsh. It’s not that bad.
    However, the Prem is now 2 leagues. Top six and the rest.

    The top six will never get relegated as things stand.
    That could be why they call the shots so much.
    They are the permanent members of the Prem. We and the rest are the here for now members of the Prem.

    Well resourced and clever owners for NUFC would upset them greatly.
    If someone gets into the top six someone has to drop out.
    They would not know just who that would be.

    6
  • Ron Knee

    May 12, 2019 at 8:04 AM

    Comment #12

    Jib

    Yes, there could be rich pickings if foreign investors bide their time.

    1
  • Jib

    May 12, 2019 at 8:06 AM

    Comment #13

    Jail
    When you read stuff try to grasp it for gawds sake.

    Ron and I were talking about potential buyers.

    Anyway you’ll sharp have the smirk wiped off your
    face if Jezza gets in.
    One of the particular areas he is going to attack is
    offshore workers in the gas/oil industry who set up
    small companies with the specific aim of tax avoidance.

    2
  • Ron Knee

    May 12, 2019 at 8:09 AM

    Comment #14

    Jail

    It’s all speculation but imagine if a North American group wanted to invest, surely they’d wait and see how Brexshit panned out in terms of how much they’d have to pay for the club.

    1
  • Nicky the ball tosser

    May 12, 2019 at 8:11 AM

    Comment #15

    I’m sure it is a poor investment to “buy” a team to finish 7th, but you still need to maximize revenues and put the profits back into infrastructure to grow the club, and you do need to provide value for money on the match day ticket Mike Ashley.

    1
  • Jail for Ashley

    May 12, 2019 at 8:13 AM

    Comment #16

    Ron,
    We’ve been up for sale “apparently” for ten years now, Brexit didn’t put off Stavely or Kenyon, it was what their solicitors found when doing due diligence.

    13
  • Jib

    May 12, 2019 at 8:17 AM

    Comment #17

    So if Ron and I are correct in our musings
    NUFC paying Rafa more than double to keep him here
    for an extra year to see how things pan out for the UK
    makes perfect sense and shows how valuable Ashley
    regards Rafa as part of the club package.

    1
  • Jib

    May 12, 2019 at 8:19 AM

    Comment #18

    Ashley blew Staveley off and Kenyon was/is fronting
    for Americans it’s believed

    1
  • Ron Knee

    May 12, 2019 at 8:20 AM

    Comment #19

    Jail

    1. Yes. Agree on the due diligence.
    2. Foreign investors can take their time & wait for what they see as the right moment.

    1
  • Jail for Ashley

    May 12, 2019 at 8:21 AM

    Comment #20

    Jib,
    Why did he blow her off, because she wanted more than just the carcass for her 300M

    9
  • NEWEXPATMAGPIE

    May 12, 2019 at 8:22 AM

    Comment #21

    Ashley just does not understand that with RAFA , the Problem is not Money ! The problem is Ashley himself ! Stavely did not buy because if she had of done and we manged to Qualify for Champions League at a later date? Ashley wanted a cut of any monied made from future successes in League and Competitions !

    7
  • Jib

    May 12, 2019 at 8:26 AM

    Comment #22

    “NEWEXPATMAGPIE
    Ashley wanted a cut of any monied made from future successes in League and Competitions !”

    Really

    You work for Freshfields ?

    1
  • count

    May 12, 2019 at 8:31 AM

    Comment #23

    Ooh, jibs read a couple of articles in The Express and is now au fait with the machinations of power. Watch out business world and commies alike. He’s on to you.

    12
  • count

    May 12, 2019 at 8:32 AM

    Comment #24

    Excuse me if I don’t reply. Got an effing business to attend to.

    1
  • Lindisfarne

    May 12, 2019 at 8:35 AM

    Comment #25

    #MATCH DAY!

    #IF RAFA GOES WE GO

    #WHERE IS THE MONEY?

    #SAVE THE PLANET

    #TOON TOON

    2
  • Jib

    May 12, 2019 at 8:36 AM

    Comment #26

    count
    your excused
    bye now

    2
  • Jib

    May 12, 2019 at 8:39 AM

    Comment #27

    To more important stuff
    the game at the Cottage
    With Hayden likely down the road in Summer
    does Rafa play him today ?

    1
  • Tsunki

    May 12, 2019 at 8:42 AM

    Comment #28

    Job it’s you’re. You’re.

    Lindisfarne –

    #WHERESTHEFROG?

    2
  • Tsunki

    May 12, 2019 at 8:42 AM

    Comment #29

    And it’s Jib. Jib. 😀

    2
  • bettyswallocks

    May 12, 2019 at 8:45 AM

    Comment #30

    I think Shelvey is destined for pastures new, so if Hayden and Diame both go we will have a new look midfield next season. I think Longstaff is going to be pivotal but the worry is not having the new squad in place for pre season as normally happens with the usual posturing over transfer deals.

    3
  • Lindisfarne

    May 12, 2019 at 8:45 AM

    Comment #31

    #BYE BYE SOLOMON

    0
  • martoon

    May 12, 2019 at 8:50 AM

    Comment #32

    Jail @3 No you didn’t mention it but I forgot to say I’ve still go mily bench boost as well ha ha 😀

    3
  • bettyswallocks

    May 12, 2019 at 8:50 AM

    Comment #33

    Jib in his new role as consultant to any would be buyers has decided Iin his wisdom that it might be prudent to wait until Brexit is resolved before negotiating a deal to buy the club. How long is that likely to take the way they’re going.

    7
  • Lindisfarne

    May 12, 2019 at 8:51 AM

    Comment #34

    Hello bolted horse, cart with a broken axle and stable empty of livestock and hay.

    4
  • Mag52

    May 12, 2019 at 8:53 AM

    Comment #36

    Ashley Out.
    Team for today:

    Dubravka
    Manquillo Lascelles Schar Dummett
    Shelvey Hayden Ritchie
    Perez Rondon Atsu.
    Strong line up to sign off the season on a high.
    HWTL.

    1
  • Shoulders knees

    May 12, 2019 at 8:54 AM

    Comment #37

    Last game so last chance to talk about the actual footy, cue rumour counter rumour and more melt downs. oh how I love a summer footy blog.

    2
  • Lindisfarne

    May 12, 2019 at 8:55 AM

    Comment #38

    Traditionally Fulham send us home with a bloody nose. Lets hope Rafas experience tells against their new upstart.

    2
  • Tsunki

    May 12, 2019 at 8:58 AM

    Comment #39

    Well there really is nothing to lose today by going all out against Fulham and “Doing a Munster” on them ha ha ha. Pity we could not have Miggy for these last few games though.

    0-3.

    1
  • Tsunki

    May 12, 2019 at 8:59 AM

    Comment #40

    Although it’s possible we could get burned by “last game of the season let’s go out in style” we’ve done that ourselves i.e.Spurs 😐

    1
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