News today that Newcastle will get a £1M payment for participating in this year’s Premier League Asia Trophy in China.
West Ham, Manchester City, and Wolverhampton Wanderers will be the other PL participants in the tournament.
Newcastle will play only two games – one in one in Nanjing and the other in Shanghai, between July 17 and July 20.
And there will be no training camp in Dublin this summer – there’s just not the time.
It’s a big chance for Newcastle to get their name (brand) known in China which is a vast market for football in the future.
Rafa Benitez – could bring in £50M in outgoing transfers this summer?
Lee Charnley talked about the opportunity last week when he was discussing the club’s financial results for the previous fiscal year.
This is what Lee Charnley has said in the Sunday Sun today:
“It is a fantastic opportunity to take part in a high profile lucrative Premier League tournament which can only help increase the global profile of the club.”
“In terms of how we spend our money moving forward we would envisage spending it on quality rather than quantity – players that can really make the difference and improve the team.”
The revenue last year (July 1, 2017, to June 30, 2018) was £178.5M with a profit of £18.6M, and those were very decent results.
Charnley also said he expects Rafa to bring in quality rather than quantity this summer, but news in the local press has been he wants to bring in five players this summer.
It seems Rafa has been offered £100M over the next two years for transfer funds plus anything he can get by selling players during that period.
Maybe Rafa could sell Shelvey (£20M), Hayden (£15M) and Gayle (£15M) this summer?
Combine that with say £50M for the next year, and there’s £100M he could spend before the end of January.
It doesn’t appear that Rafa is satisfied with that and he also wants more control on who he buys if he signs a new deal.
Other clubs are spending a lot more than that during the summer transfer window.
Disagreements with Ashley are also with the age of the players the manager can buy and keep on board with new contracts.