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Ashley Seems Adamant On Keeping Full Financial Control at Newcastle

The reported results of Rafa’s first meeting yesterday in London with Mike Ashley et al. on his contract do not seem too positive.

The contention points are unchanged from the last couple of years and are centered mainly on how much money Rafa will get in the transfer windows.

The second major point is that Rafa wants Mike Ashley to significantly relax his policy on only buying players under 26.

While Rafa seems to agree that it’s a good thing to bring in younger players to build a top team, he is stressing to the owner that you also need the older more experienced players in the team.

Two such players are two 29 year-olds – Salomon Rondon and Matt Ritchie – who Rafa wants to keep at the club for at least the next three years to strengthen his Newcastle squad.

It appears Mike Ashley doesn’t – purely for financial reasons.,

Mike Ashley and Rafa Benitez – smiling back in May 2016

When Ashley’s Managing Director, Lee Charnley, gave the financial results of the 2017-2018 season a few weeks ago, he made a special effort to emphasize the finances would remain under tight control.

This is some of what Lee said on the transfer budget:

“Our budget to strengthen the team has been circa £122M over the last two seasons, which was an initial agreed budget of £70M plus an additional £52M generated as a result of sales and outgoing loans.”

“We have spent just over 90% of that, and the balance of £11M will be carried forward to supplement what we have for forthcoming transfer windows.”

Ashley seems to be offering £100M over the next year for Rafa to spend – plus anything he can bring in from outgoing transfers.

When you look at what other clubs are spending in the Premier League – it’s just not going to be enough for the current manager.

So let’s keep hoping something can still be worked out between these two strong-willed men.

For the sake of Newcastle United and our millions of loyal fans around the world.

What do you think about this?

Comments always welcome.

12 comments so far

  • Dagwoodz

    May 17, 2019 at 7:59 AM

    Comment #1

    Infrequent night shifter checking in…ummm…and first

  • Jib

    May 17, 2019 at 8:17 AM

    Comment #2

    It IS a Spurs badge
    Ashley and Charnley are in the VIP seats at Wembley
    Feb 2nd – we lost to a Son goal
    Doh !!!!!

  • Jib

    May 17, 2019 at 8:18 AM

    Comment #3

    Welshie’s never been to SJP or Wembley

  • NezzaNUFC

    May 17, 2019 at 8:30 AM

    Comment #4

    Mike is a student in football and is watching the other clubs around us who spend a fortune and no progress, whilst he spends nowt and progresses well in the PL.

    Why oh why would he spend what Rafa wants?

    Do you think he wants trophies at NUFC?

    Hell no! As fans of Newcastle would want more trophies meaning more money spent, improve the squad to reach the heights could mean European challenge which again is going to cost money.

    Would Mike want Rafa at Newcastle? Hell yes, kept us in the PL with no funding, ideal manager for him.

  • welshgeordie9

    May 17, 2019 at 8:33 AM

    Comment #5


    Well excuse me Sherlock, you probably googled that anyway.

    Ha ha ha

  • NezzaNUFC

    May 17, 2019 at 8:34 AM

    Comment #6

    When Rafa gives Mike the finger that’s when we really need to worry because I can’t see any manager doing what Rafa has done here.

    And all this if Rafa leave we will leave BS it will never happen as most of us fans are fickle and we will still fill up our ground every home game.

  • welshgeordie9

    May 17, 2019 at 8:35 AM

    Comment #7

    Went to the swans play off final against reading if you must know, and before you google to find out who won, it was Swansea City.

    Ha ha ha

  • Harley

    May 17, 2019 at 8:39 AM

    Comment #8

    If these meetings are so secret that they’re in a place no one knows about, how are people getting this information. The tabloids will literally print any old rubbish.

  • simon376

    May 17, 2019 at 8:42 AM

    Comment #9

    Exactly what I was thinking. If only people in the meeting are Ashley, Raffa, their lawyers and maybe Charnley and other club related people, how is this getting out

  • mactoon

    May 17, 2019 at 9:54 AM

    Comment #10

    “Ashley seems to be offering £100M over the next year for Rafa to spend”

    Where has this come from?

    I have heard £100 million over two seasons and now it’s £100 million over one year. As far as I can see Charnley has never quoted an actual figure available for Rafa going forward.

  • ascot7

    May 17, 2019 at 10:08 AM

    Comment #11

    Rafa should think carefully, about leaving Newcastle. If he does not get the terms required for a better Newcastle, then he may decide to leave. My advice to Rafa, stay on, because Ashley will eventually sell. And a new consortium will have your funds needed. Or go now, and come back when the club has been sold.

  • ascot7

    May 17, 2019 at 10:14 AM

    Comment #12

    The Toon fans do not consider finance, it is only there club by there support. Ashley, does not want to sell a bankrupt club, Sunderland, owner did not make a profit. Every family household arranges finance according to there wage. To pay the mortgage, very important, to have schooling for children. Food, more important then entertainment, isn’t it ? So Ashley, does the same with the house of Newcastle. The House of Frazer, employs toon fans.


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