Our prospective new owners will inherit a Newcastle United that is in excellent financial shape. This will afford them the freedom to maneuver in the transfer market and keep within Financial Fair Play regulations.
Reports have maintained that the new ownership group plan to be responsible with their spending and comply with FFP.
In April, football finance analyst Kieran Maguire tweeted the following about how much flexibility the new owners will have.
As unpopular as he is with many fans, Mike Ashley will leave Newcastle United in a very strong position to invest in players under new owners as can lose £105m over 3 yrs but #NUFC profit making under MA so lots of wiggle room to buy. pic.twitter.com/aUIr2x9SMm
— PriceOfFootball (@KieranMaguire) April 16, 2020
Given that transfer fees are spread over the life of the contract NUFC could spend £150m, pay decent wages and still adhere to FFP
— PriceOfFootball (@KieranMaguire) April 16, 2020
With the economic impact of the coronavirus on football clubs, it looks like UEFA could loosen their restrictions on FFP going forward
The Chronicle has published the following comments from UEFA president Aleksander Ceferin:
“The situation is extraordinary and we will not pretend that it’s not, so we will adapt the Financial Fair Play system. But the final decision in which direction we will do it is not brought yet, so yes we will adapt.
“We think it’s important to adapt it because the situation for the clubs is not easy, and we are all in the same boat here. But it’s again too soon to share details of how we will do it because the clubs are included in the conversation and the leagues are also included in the conversation.”
So it looks like Newcastle could be in an even better position once this takeover is given the go-ahead. We’ll have more flexibility in the transfer market if the FFP regulations are loosened.
However, we don’t think the potential new owners will be irresponsible in their spending. But with the vast wealth behind this consortium, Newcastle will have a massive advantage over other clubs this summer.
108 comments so far
Darnik
May 17, 2020 at 4:55 PM
Comment #1I think the richest club in the world is more tongue in cheek than delusional
Frank pingles come sock
May 17, 2020 at 4:56 PM
Comment #21st……
The Hit Man & Her
May 17, 2020 at 4:56 PM
Comment #3Yeo you pointed out jib being an a$$hat and now he’ll give you war, you £#@#!
🙂
Frank pingles come sock
May 17, 2020 at 4:56 PM
Comment #4Damn …
The Hit Man & Her
May 17, 2020 at 4:56 PM
Comment #5Oh dear Frank.
Darnik
May 17, 2020 at 4:57 PM
Comment #6Sorry lol
The Hit Man & Her
May 17, 2020 at 4:57 PM
Comment #7😀
Been there, done that.
Jib
May 17, 2020 at 4:58 PM
Comment #8George Caulkin talking about Paul Smiths tweets
He’s a journalist. A lot of what he’s saying doesn’t chime with what I’m told. There’s no specific plan for the training ground yet – as we wrote a week ago – barring a desire to make it much better. And their football advisors certainly haven’t spoken to Poch.
The Hit Man & Her
May 17, 2020 at 4:59 PM
Comment #9Go on jib. Explain in your customary depth how the relegation squad of 2016 was NOT fractured, but was a seamlessly integrated precision machine.
Howay man at least attempt it.
The Hit Man & Her
May 17, 2020 at 5:01 PM
Comment #10I’ll come back after tea check on your worthy reply.
Or more likely your snivelling change of subject.
simon376
May 17, 2020 at 5:02 PM
Comment #11Only 1/2 way through but worth reading Peter Crouch book, he has a bit to say about Rafa. According to him, best ever manager would be half redknapp and half Rafa. Gavin always says best manager he worked under apart from Keegan was Harry and that even includes his Dad
Pat On The Heed
May 17, 2020 at 5:05 PM
Comment #12I think Hitman’s point that Rafa’s bid to secure promotion from the championship was undermined by the fact it is a league filled with championship teams maybe the perfect Kafka-esque note on which to exit.
Jib
May 17, 2020 at 5:07 PM
Comment #13Tsunki
It certainly wasn’t a seamlessly integrated precision machine.
but it wasn’t at the other end of the pendulum swing “shattered”
but we shouldn’t be shocked at a drama queen using dramatic language
The Prince's Mate
May 17, 2020 at 5:08 PM
Comment #14Just catching up and going through prev post….. C’mon guys.. some poor soul had to publicise their grandparents weren’t here any more.
This is about a sport not life…. Life is Much MORE important than anything…. Put your points forward by all means but with a smile
Jail for Ashley
May 17, 2020 at 5:12 PM
Comment #15Jib,
It was nothing but shattered. One of the clubs worst ever minus GD, we’d been hit for five and six, just lost 0-3 at home to Bournemouth, our future captain famously seen mouthing “no one gives a foot” . That there tells you the squad was shattered.
hibbit
May 17, 2020 at 5:12 PM
Comment #16Jib @ 8 where did you get George Caulkin that quote come from ?
Jib
May 17, 2020 at 5:14 PM
Comment #17https://twitter.com/GeorgeCaulkin/status/1262047880724045824
hibbit
May 17, 2020 at 5:18 PM
Comment #18thanks Jib
Jib
May 17, 2020 at 5:19 PM
Comment #19We lost 1 – 3 to B’Mouth and Rafa wasn’t in charge
Jail for Ashley
May 17, 2020 at 5:20 PM
Comment #20Jib,
Yes, Rafa inherited a shattered squad.
The Prince's Mate
May 17, 2020 at 5:26 PM
Comment #21I hope Rafa comes back, he is to football what Quincy Jones is to music..
Anglo Saxon
May 17, 2020 at 5:27 PM
Comment #22JIB, Newcastle United 0-3 West Ham: Hernandez and Anderson …www.bbc.co.uk › sport › football
1 Dec 2018 – Newcastle manager Rafael Benitez said the difference in transfer budgets was a key reason as to why his side lost to fellow mid-table side
OneAlanShearer
May 17, 2020 at 5:30 PM
Comment #23Hibbit – was your post earlier meant to mean that the PL checks are complete and only the cash now needing to be transferred?
Anglo Saxon
May 17, 2020 at 5:31 PM
Comment #24oops copied wrong one apologies.
Jib
May 17, 2020 at 5:31 PM
Comment #25Ha ha ha
I first read that as Quncey MD is to music
Captain AmeriMag
May 17, 2020 at 5:37 PM
Comment #26George Caulkin is the most credible journalist around in my opinion but Paul Smith is telling me what I want to here!
https://mobile.twitter.com/Smudge1962/with_replies
All logical assumptions so probably just educated guesses but I’ve never been one to let trivial issues like “whether it’s true or not” temper my excitement!!
😀
#CANS
magscar
May 17, 2020 at 5:39 PM
Comment #27The sooner we are sold the better to put to bed this eternal arguing which is pointless as we apparently stand on the threshold of our best ever team building.
I didn’t want Bruce and still don’t but am prepared to begrudgingly accept he has done the minimum of keeping us up with a poor hand.
He isn’t and never could be better than Rafa and i doubt any genuine supporter would argue different. It is however appropriate to give him some credit and thanks as he departs.
On the Squad at relegation my guess is if we had stayed up ( if Everton could have done us a favour and played ) Rafa would have wanted to retain ( and they would have wanted to stay) many of those players who left. He would inevitably got much more of a tune out of them ( or sold those he didn’t reckon to and wheeled and dealed). Without the silly money for Sissoko he would only have been able to improved the squad slightly in first full season and build from there rather than in Championship and play catch up
My opinion as of course none of us know 🙂
Pat On The Heed
May 17, 2020 at 5:39 PM
Comment #28Irishrob – No Bruce bias here pal. Just ask my kids Amy and Alex.
On a serious note anyone read any of the gaffer’s novels? Just got through Striker. Actually an enjoyable read. (on Amazon.co.uk in case anyone’s interested)
Pat On The Heed
May 17, 2020 at 5:41 PM
Comment #29* magscar pulling the genuine supporter card as insurance in case anyone dares to be nice to Bruce.
Rotonda heights
May 17, 2020 at 5:42 PM
Comment #30Pat
When you say there is not much difference between rafa + bruce, albeit you are judging that over just 1 incomplete season, I think we’ll just have to agree to disagree. Just to leave you with this:
Rafa: Thirteen (13) major trophies
Bruce: 0
Even pardew won a johnstone painters trophy once. Don’t think 10000 fans walked out on rafa’s football either.
Jib will be sending out a distress call to munster soon.
Rotonda heights
May 17, 2020 at 5:43 PM
Comment #31Getting aggressive are we Pat, calling people pal?
DubaiMicky
May 17, 2020 at 5:45 PM
Comment #32Caulkin is very close to Staveley. Would he not don her bidding? He’s in for the long term, so pouring cold water on a deal being done would make sense….
Jib
May 17, 2020 at 5:49 PM
Comment #33Rafa got 12 points from his 10 games which extrapolated over the season
would have given us 50 points
Chelsea were on 50 points in 10th place
That would suggest to me the squad Wasn’t shattered just in need of some direction
cupiddstunt
May 17, 2020 at 5:52 PM
Comment #34Toon22 previous thread #245,
I would refer to you as toon22 or maybe toon or poss, t22. Whereas I truncated “mad frog boom 22” to frog.
So not having frog in your name and having never called football by any other name, what made you think my comment was pointed your way??? 😉 😀
Pat On The Heed
May 17, 2020 at 5:52 PM
Comment #3510,000 fans walked out cos of Ashley. If anything Bruce has been winning them back – albeit slowly.
I’ve never said rafa’s career isn’t more successful. Daniel de Rossi (0 domestic trophies) Phil Jones (7). Trophies don’t tell you everything either
Hal
May 17, 2020 at 5:53 PM
Comment #36On the time frame of the sale. Correct me if I’m wrong as I’m no accountant.
This sale is a little more complicated than one set of money being paid into another, and MA is to blame again greedy git he his.
MA bought the club for £135 mill. When you sell the business you pay capital gains tax on the profit made on the sale (I think) That would mean MA would or should normally pay tax on £165 mill. However, he wants his loan money back. So he “loans” PCP £150 mill to pay for the club. This means he is actually selling the club for £150 mill, giving him a total of £15 mill to pay tax on.
He then receives the “loan” back from PCP when they get the cash from PIF. I assume.
So instead of say 20% tax on £165 mill (33 mill) he is paying it on £15 mill (£3 mill).
If this is the case its gonna take longer than a quick wire transfer which is usually 24 hours in same country longer if internationally.
Again not an accountant.. So anyone that is will be able to explain it better than me or put me right.. lol
DaveD1000
May 17, 2020 at 5:53 PM
Comment #37The Blogettes
https://www.youtube.com/watch?v=se3PzljmCtI
Pat On The Heed
May 17, 2020 at 5:54 PM
Comment #38Aggressive – ‘pal’? The sharks from viz spring to mind.
Mad Frog Boom 22
May 17, 2020 at 5:59 PM
Comment #39I love football
jazzyp
May 17, 2020 at 6:06 PM
Comment #40I bet Andy Carroll still aint match fit whenever our first match back takes place