This is turning out to be one of the best summer transfer windows under owner Mike Ashley since we spent over £50M net, back in 2015.
We had only just avoided relegation then under caretaker manager John Carver, after Alan Pardew had had enough, and left the club to join Crystal Palace in late 2014.
And Ashley seemed willing to put decent money out that summer for the likes of Georginio Wijnaldum, Aleksandar Mitrovic, Chancel Mbemba, Florian Thauvin, and Ivan Toney – and all five players have since left the club.
Steve Bruce with Fabian Schar and Jack Colback
As a reminder here’s what we did in the summer transfer window four years ago – the summer before we were relegated again under Steve McClaren.[table “39” not found /]
With the capture of Joelinton, Kyle Scott, Jake Turner, Jetro Willems, and Allan Saint-Maximin, it’s been a good window so far for us.
Here’s how we are doing at the moment.[table “80” not found /]
Newcastle have spent a net of £20M so far this summer and could end up actually spending money this summer as we did four years ago.
In the last three summers when Newcastle had world-class manager Rafa Benitez at the club – we made a profit of £31M in 2016, spent £12M net in 2017 and made a profit of £20M net last summer.
So at least for the three summer windows under Rafa, we made a profit of £39M.
You would have thought the time to spend money was when you have a world-class manager in place – who knows what he’s doing.
But it seemed like owner Mike Ashley wanted to retain control of the club and do it his way, as we found out six weeks ago when Rafa left.
So the club have reverted back to paying out the full fees for players and signing young players on long contracts.
We’ll just have to wait and see what happens, but that’s sound financial management.
The hard part starts now for Steve Bruce, but he’s done very well so far – given the toxic state of the club.
We hope Steve’s successful at Newcastle, but the main thing is for us to remain in the Premier League this season.
If Rafa had stayed, we had hoped to be looking higher than that – perhaps for a top-eight position.
We’ve had a top-eight position only once under Ashley when we somehow finished 5th back in 2012.
But maybe Steve Bruce and the lads can do that (top eight) this season – we certainly have the best squad we have had for several years.
So we have some hope for this season, and we’ll support Steve Bruce and the players as much as we can.
We also somehow have to force Mike Ashley to sell the club – hopefully before the end of the year.