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Revelation: Since Rafa Joined Club – No Net Expenditure On Transfers – Newcastle Have Made A Profit

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.

Comments welcome.

23 comments so far

  • Jib

    Aug 16, 2018 at 9:14 AM

    Comment #1

    I could understand the whining about our spending
    and lack of funds if Rafa had been a failure.
    In his 2 full seasons here he has won the Championship
    and been 10th in the PL.
    Finding something to whinge about has always been a
    trait of my fellow Geordies.

  • Jail for Ashley

    Aug 16, 2018 at 9:14 AM

    Comment #2

    But he should stop whining and just keep taking in the cash for Mikey boy. He was never going to pay some footer 6M a year AND let them spend money.
    ASHLEY OOT!!!!@

  • Jail for Ashley

    Aug 16, 2018 at 9:15 AM

    Comment #3


  • Jail for Ashley

    Aug 16, 2018 at 9:22 AM

    Comment #4

    He hasn’t been a failure, he’s been an outstanding success. That is the point of our disappointment, if he was backed properly we could actually see some silverware and regular top seven finishes. But Ashley has no intention of backing him to the level he needs to achieve that.
    A level that is well within reach of the club’s finances.

  • RobLeenio

    Aug 16, 2018 at 9:23 AM

    Comment #5

    Munster from previous, good well-argued post. Couple of points.

    Yes, Rafa has done remarkably to identify some players who can improve our squad and get them over the line while sticking to a budget. The frustration is that the budget is so stringent – what happened to ‘every penny the club generates’ is the one question I’d like to ask Ashley.

    Also, while Spurs were probably operating below their best, I think we were also. Rustiness across the park from Kenedy’s poor touch to that much-discussed second goal. We will get better, as we did last season and our Champo season and the fact we were more potent against Spurs this season is definitely a positive.

  • Jail for Ashley

    Aug 16, 2018 at 9:25 AM

    Comment #6

    So unless you’re happy with season to season survival it makes you a born whinger. Jiblets, you are so full of shite, you take bullshit to a new level!

  • Jail for Ashley

    Aug 16, 2018 at 9:27 AM

    Comment #7

    If he had of been a failure you’d have had a Twitter load of fools on his case for not getting the best out of the squad.

  • RobLeenio

    Aug 16, 2018 at 9:28 AM

    Comment #8

    Germany down to 15th in new FIFA rankings, England up to 6th.

    Apologies for posting info which is irrelevant (and probably really annoying) to numerous regular contributors from outside England.

  • magicmac54

    Aug 16, 2018 at 9:30 AM

    Comment #9

    It just proves what a wonderful job Rafa is doing working with that clown Ashley, just think what Rafa and Newcastle could do if we had a proper owner who had just a little bit of ambition, we can only live in hope that sometime in the future Cashley will leave but i fear that could be a long time as he is sucking the life out of our great club and making a huge profit to fund his other business ventures, most intelligent fans know what is going on, even Rafa has said this recently, i see we have still a few deluded clowns who keep backing Ashley. HWTL.

  • Geordie-john

    Aug 16, 2018 at 9:34 AM

    Comment #10

    He will never let go while the club is making this amount of transfer profit. This is why he prefers to buy players with a better or even sale potential after they have been displayed at Newcastle.

  • Jib

    Aug 16, 2018 at 9:39 AM

    Comment #11

    ” he is sucking the life out of our great club ”
    The same boring folk have been saying that
    for eleven long tedious years .
    Yet we finished 10th in the PL last season.

    yadder yadder whinge whinge

  • Munster Mag

    Aug 16, 2018 at 9:48 AM

    Comment #12

    Where is the evidence that Ashley is taking money out of nufc to fund his retail empire?

  • Jail for Ashley

    Aug 16, 2018 at 9:50 AM

    Comment #13

    There isn’t any. The money is going somewhere though.

  • Jib

    Aug 16, 2018 at 9:54 AM

    Comment #14

    Or being kept to improve Darsley Park
    or for Winter signings.

  • Munster Mag

    Aug 16, 2018 at 10:05 AM

    Comment #15

    That’s the problem jail. It’s not going into facilities or players. I accept that he invested well (and sold well, sissoko etc) when we were relegated and appreciate that relegation cost a bomb and our players were on good bucks. Frustrating but it ain’t going to Hof etc. The next accounts might help.

  • Munster Mag

    Aug 16, 2018 at 10:06 AM

    Comment #16

    U cud be right jib but signings will only happen if we are in the shit or some good guys contracts end and we get them cheap?

  • hibbit

    Aug 16, 2018 at 10:06 AM

    Comment #17

    why would Ashley put NUFC money into SD to buy HoF when he only owns 61% of SD
    if Ashley himself had bought HoF i could understand NUFC monies being used but to prop up a publicly traded company i don’t think so
    The money either just sitting there or he’s paid his so called debt

  • Just a fan

    Aug 16, 2018 at 10:07 AM

    Comment #18

    People on here talk about Ashley and his greed constantly.it gets a bit tedious.some one mentioned the krays.ok it’s not football but it was interesting.

  • geordietom

    Aug 16, 2018 at 10:11 AM

    Comment #19

    a report in the independent says Fat Sam Allardyce is tipped to become our next manager if Rafa leaves ffs

  • Munster Mag

    Aug 16, 2018 at 10:16 AM

    Comment #20

    Tom I suggested this a week or two ago. They are only copying the munster man. 🙂

  • geordietom

    Aug 16, 2018 at 10:18 AM

    Comment #21

    hope its not true munster i hate that bloke

  • Jib

    Aug 16, 2018 at 10:30 AM

    Comment #22

    This season the ridiculous wages situation
    with deadwood on stupid money , seems to
    have been resolved.

    MartinDubravka £30,000
    Rob Elliot———£25,000
    Karl Darlow——£25,000
    Ciaran Clark—–£30,000
    Jam Lascelles–£45,000
    Florian Lejeune-£40,000
    Javier Manquillo£30,000
    Matt Ricthie——£45,000
    KI Sung-yueng–£50,000
    Jonjo Shelvey—£60,000
    Mo Diamé——–£45,000
    Ayoze Perez—–£45,000
    Christian Atsu—£30,000
    Isaac Hayden—£25,000
    Paul Dummett—£40,000
    Jacob Murphy—£25,000
    Yoshinori Muto–£50,000
    Fed Fernandez–£40,000

    = £900,000 per week

    Under £50m pa

    again another factor in making the club
    more attractive to a buyer.

  • funguswatty

    Aug 16, 2018 at 11:00 AM

    Comment #23

    so on in theory Raffa should have a good kitty to spend in January


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