The season ended on a positive note for Newcastle United on Sunday and after the celebrations had faded away, no surprise that transfer budgets and Rafa Benitez reaching agreement with Mike Ashley, is the topic that has monopolise debate ever since.

Indeed this has been the case for 16 days now, with promotion confirmed after the win over Preston and thoughts finally able to turn to what happens next.

From Stan Collymore to Ian Wright to Alan Shearer, everybody is having their say about the level of transfer budget Rafa Benitez should be given and/or who he should spend it on.

The United  boss said ahead of meeting Mike Ashley on Tuesday night, that it wasn’t about going in and asking for a certain figure in terms of a transfer budget, more the fact that he needs the club’s owner to agree to support the overall plans and strategy he has for turning the club around.

That is a good politician’s answer but somewhere amongst it all, Rafa needs to have a ballpark figure of what kind of money he is going into battle with. No point later on telling Ashley/Charnley that he wants them to go and sign whoever, if the reply is guaranteed to be ‘not a chance’.

So figures will play a big part in any overall agreement but how much should Rafa expect to be given to enable Newcastle to go into next season with a realistic expectation of aiming for mid-table. Which has to be the minimum aim, even it is with the acceptance that if Newcastle fall short, just comfortably surviving in the first season up would also be a decent result.

Alan Shearer and Ian Wright have said £150m or more but ironically those figures have then led many Newcastle fans to go the other way.

I even saw an article on The Mag, yesterday I think, where somebody was saying they’d rather see ‘Rafa spending £50m wisely’ than expecting some massive spending spree.

The answer I think is somewhere in between.

Nobody wants money to be spent just for the sake of it and just because Rafa gets a budget of £XXm or £XXXm, it doesn’t mean he will necessarily spend it all. What is important though is that he goes into the transfer window knowing that the money is there, if he decides to press the button on a particular player(s).

I think that there are a couple of problems when it comes to many Newcastle fans processing what is needed in terms of finance.

Firstly, you have the fact that under Mike Ashley’s ownership, fans have constantly had their expectations hammered down and lost sight of the fact that Newcastle are a massive club and are capable of potentially aiming high and staying there. It won’t necessarily happen overnight but no reason why with good management the club couldn’t compete at the top end in years to come. Clubs such as Tottenham and Leicester have showed that  whilst Manchester United’s commercial arm produces an endless stream of golden bars, their financial advantage doesn’t always translate to the pitch.

Secondly, there is far too much over-reliance in Rafa Benitez being able to sort it out no matter what happens above and around him at St James Park. That is totally unrealistic and the fact is that the Manager needs every bit of help, financial and otherwise, if he is to make a real go of it at Newcastle.

Talk of spending £50m wisely is optimism in the extreme.

Also, when you consider that the club confirmed that Rafa Benitez has made them a £40m profit on transfers so far, and Thauvin will leave for £10m this summer, that is your £50m generated before you get to Premier League TV cash and other players who will be sold.

Again, if Rafa can find half a dozen quality players who cost less than £10m and can come straight in and play in our team next season, all the better, but that is not real life.

An additional problem that some Newcastle fans also have is that they don’t appear to have kept up with just how quickly the transfer market is moving. As more money comes into the Premier League, so it goes out the other end on transfers.

A better way of understanding what is needed maybe…

This past season we saw over £50m spent to put together a squad capable of getting promotion. As Rafa has repeatedly said, this was a squad built with the sole/overriding purpose of getting promotion – with the indication that many of the players brought in were for the short-term and wouldn’t be seen as ones who could then carry on into the Premier League.

So thoughts that £50m would be able to build a Premier League squad this summer are way off the mark.

The relegation (2015/16) season saw transfer spending that was far too late, with Mike Ashley having refused to allow proper squad strengthening in previous seasons and three of the four transfer windows (summer 2013, January 2014, January 2015) not seeing a single player bought. This being despite the likes of Yohan Cabaye being sold for £18m.

An average spend in summer 2014 was far too low to put right right the lack of previous funding, plus we saw yet more disastrous Ashley/Carr signings such as de Jong, Riviere and Cabella, as ‘bargains’ from weaker overseas leagues was the only plan.

Relegation was only avoided on the final day of the season and that then led to the appointment of a head coach (McClaren) and the club making clear that he would have no say on transfers. So even though the spend went up (over £50m), it was once again under the disastrous Ashley/Carr plan of looking for young players (Thuavin, Wijnadlum, Mbemba and Mitrovic) who could grow in value – the only problem being that recruiting a 24 year old, 22 year old and two 20 year olds from weaker leagues, was always likely to lead to disaster as they couldn’t be expected to all step up to Premier League level instantly and save us from another relegation fight.

More panic spending followed in January 2015, with over £30m invested on Shelvey, Townsend, Saivet and Doumbia.

Townsend and Shelvey raised the quality to a degree but it wasn’t enough, panic buying on largely the wrong players had proved not enough to rescue the situation.

So moving back to the present day, if Mike Ashley thought it was a good idea to spend almost £90m to try and save a desperate situation of his own making in 2015/16, surely a budget of £100m or so to enable Rafa Benitez to try and put solid foundations in place, is an essential investment that needs to be made.

Also, just look at the players who most of us see as those who should more or less comfortably be able to do it at the top level next season.

Jonjo Shelvey (£14m), Matt Ritchie (£12m), Dwight Gayle (£10m) and Ciaran Clark (£5m).

Clark had a clause in his contract allowing him to leave for that amount but with the likes of the other three (and £13m Andros Townsend if he’d stayed) costing between £10m and £14m as players to get Newcastle promoted and/or save us from relegation, what do fans expect needs to be spent this summer?

Palace paid £30m for Benteke and his goals look to have kept them up, Everton paid £30m for Lukaku two years ago and he has been instrumental in how they have done.

Do I expect us to spend £30m on just one player? I don’t really know but if we do, then I wouldn’t think it was Newcastle punching above their weight, or spending over the odds.

Indeed, Newcastle banked around £55m by just selling Sissoko and Wijnaldum a year ago, so with rising prices overall, I would think it very strange if Newcastle don’t sign at least one or two players for £20m or more this summer.

This is the real world and if our club is to be successful, then as well as any bargain buys, Newcastle have to be able to shell out the cash for proven players, with Rafa Benitez given the cash to do so.

(All contributions from Newcastle fans welcome, send articles (as well as ideas/suggestions) to [email protected])



  • Lord

    The best barometer is what clubs spent last year on average. If you take away the rich boys at the top, you’re looking at £60-70m on average and that’s across two transfer windows. Crystal Palace somehow magicked up £85m; some of the newly promoted clubs were in the £30-40m spend range (which looks to be the bare minimum).

    Look for us to be somewhere in between. As you say, the hefty Prem money is offset somewhat by inflated player fees and we should break our 10 year old transfer record comfortably.

    Funny that: our transfer record being set before Mike took over despite ever increasing tv revenues since. Coincidence?

    • Leazes Ender

      So you are looking for the thrill of another relegation fight are you?

      • S.G.M.

        Any amount of money spent will not necessarily help us avoid, or plunge us into a relegation fight. Its not abought the amount.

        • Leazes Ender

          No it about the value of the squad…. and where it is placed in the hierarchy of clubs…. there is a correlation between value and final position…. in Leicester’s case it will balance itself out with relegation next year.

      • Lord

        With Rafa confirmed to stay I would guess we’ll finish about 10th-12th next season. That might sound ambitious (!) but look at the current prem table and 50pts will get a top 10 finish and as the gulf in spending power between the top 6 clubs and bottom clubs continues to widen, I don’t see that changing much next year. I expect us to be trying to win the mini league that sits underneath the likes of Everton, West Ham and Southampton.

        • Leazes Ender

          Then its not a Rafalution is it?…..

          • Lord

            I don’t get what you mean = does ‘Rafalution’ have a definition?

  • Leazes Ender

    The seeds of relegation were sown in the previous two seasons by Charnley and Ashley…. as you say the last minute panic buys were naive in their thinking, just pure desperation…. were run by amateurs who didn’t care in those days…. thank God Charnley and Ashley have now gone.

    • Andy Mac

      Oh shut up Leazes or shut up until at least Rafa has seen the light and headed off into the sunset ? Who knows, the Fatman might have had his conversion on the road to St James’ this time around ? Let’s give them all the benefit of doubt until such time as things return to “normal” and we’re looking at hiring Warnock ?

      • Leazes Ender

        Ten years and you’ve learned nowt….

  • Paul Busby

    Great article.
    I’m honestly not bothered about the money in the sense of figures. I don’t think there is any magical number that defines what happens in a club. Sure, you can make estimations based on analysis of historical events to get a rough idea of how much is likely to be spent, but I would say it’s more important that the players fit the system and team.
    I really think people need to stop throwing figures around and talk more about the positions and qualities that are needed, a PROPER number 10 being the biggest one IMO.

    • Leazes Ender

      Do you suffer from Meganumerophobia?

      • Paul Busby

        Perhaps, but it’s not as niggling as my craplightweightmidfielderaphobia

        • Andy Mac

          Take no notice of Leazes Paul, it’s his time of the month again.

          I think I just said more or less the same thing above ? Money is, of course, an issue but I want to see this club buy players that it needs at a price it can afford. OK Rome wasnt built in a day but there are the players of the future out there, otherwise we’d have no game in ten years time. It’s up to this club to employ the right people to unearth these hidden gems or just be another West Brom ?

          • Paul Busby

            I think we’re pretty much on the same page, but at the same time I think it’s key to ensure a certain amount experience in the squad.
            I think if you go for a squad full of young prospects with noone to look up too, you end up in the position we found ourselves in so many times under Pardew. Obviously Benitez is of another calibre entirely and has plenty of wisdom of his own but I really think it needs to run deeper than just the manager.

          • Leazes Ender

            In your heed!

    • nevfur

      Finally some sense

      • Leazes Ender

        With fans like you we don’t need Ashley to mess the club up…. you are responsible for this mess, the decline and the lack of ambition!

        • nevfur

          Fans like you must have loved fat Freddy. Spend spend spend at the wrong times on the wrong crocks to try to look good to the fans until we go bust. Signings might cost a lot might cost very little the point is getting the right players and fans and pundits can blindly push out figures that will be needed all they like in pointless fashion but no one knows what will happen so why whinge on and on about it. Your part of the leazes must have been really supportive with your constant doom mongering or did you get chinned and sent to buy the bovril every week?

          • Leazes Ender

            If that’s you in your avatar then you’re old enough to know better….you must be senile.

          • nevfur

            It’s me alright and must be senile still supporting this lot waiting for the next trophy to go with that one. However still true that supporters arguing about how much we spend is pointless. We have all seen us throw big money at some real duck eggs and sign some stars for peanuts. The player matters not the price although getting all bargains is unlikely so decent money will need to be spent on some. Think Rafa is capable of getting the balance right. Think looking for 4-6 first season these days probably pie in the sky but most fans voicing moderate aims are hoping for Rafa to surprise us but just don’t want to voice that in case we get labelled as deluded Geordies, not that anyone would call us that. Would they????

        • Longlivesirbobby

          You have the cheek to moan about other fans when all you do is moan. Bet you used to winge about Laurent Robert never tracking back instead of the assists and goals.

          • Leazes Ender

            Au contraire idiot

  • Andy Mac

    “Again, if Rafa can find half a dozen quality players who cost less than
    £10m and can come straight in and play in our team next season, all the
    better, but that is not real life”

    I’d ask why isnt it real life Dean ? We’ve been over the old ground before but if our scouting network is up to the job why cant we find the Michu’s, Kante’s, Mahrez’s, Demba Ba’s, Huth’s, Cantona’s etc etc ?

    I dont want to see an NUFC studded with “Galacticos” in 5 years time but I do want to see a team made up of local youngsters and value for money buys who take on the “big boys” and batter them.

    • Leazes Ender

      You must have hated the entertainers!

      • Jimblag23

        So must you cos we had owners that only cared about extracting money from the club, as we all know you don’t care about what actually happens on the pitch.

  • 1957

    I read last year Benitez never asks for a particular amount to spend, he identifies positions to strengthen and a list of players he has identified to fill each of them. They may vary in value and he would accept any from that list.
    There is the potential problem if MA is still a believer in Graham Carr because our chief scout is effectively out of the picture

  • Paul Patterson

    It was my ‘£50m’ comment that the author is referring to and my opinion still stands.

    I’d rather have five players costing £50m in total that can do a job and keep us in the Premier league or better, than have ten Cabella or Wijnaldum types that aren’t interested..

    • Leazes Ender

      Like Deitmar Hamman ……Cabella and Wijnaldum weren’t interested in a club whose sole purpose was to achieve tenth…. if you want players that have tenth as an ambition ….you will end up as a relegation candidate.

      One such player is our Goalkeeper Elliott who proclaimed 8th to 10th is our place in the world…..

      Not good enough….. its a shame we cant transfer some of our fans….to Scunthorpe or wherever the hell there head is at!

      • Albert Stubbins

        long gone are the days of finishing third first season back- football has moved on I suggest you move with it- tenth would be brilliant for me and then build- it isnt going to happen overnight- if you are OLD LEAZES END- then patience is a virtue that you must already possess in bundles- keep the faith.

    • Damon Horner

      The transfer kitty amounts don’t carry huge relevance unlike the point you made and I think that escaped Dean a bit, Carr is a prominent scout who couldn’t do management because he cannot assemble a team with the right players, he bought Thauvin for £12mil and he didn’t want to be here ever since the plane landed, on the other hand, like him or loathe him, Atsu for £6mil would be a better choice, he has played second fiddle to Gouffran this season and you just know he has taken it all well and persevered with the decision because these last few games look to me like they are “Patience Rewarded” appearances for the lad, one cost twice the other and I know which one i’d have next season.

      • Jimblag23

        Why would anyone loathe Atsu?

        • Damon Horner

          By being a frustrating player based on an opinion?

          They shouldn’t in my view but I wouldn’t put anything past some of our fans.

  • Steve Smith

    “I’ve confirmed to Rafa and Lee that they can have every last penny that the club generates through promotion, player sales and other means in order to build for next season.”

    There’s the alleged confirmation straight from Ashley.

  • tonytoon

    ‘How much should Rafa expect to be given to enable Newcastle to go into next season with a realistic expectation of aiming for mid-table. Which has to be the minimum aim, even it is with the acceptance that if Newcastle fall short, just comfortably surviving in the first season up would also be a decent result.’

    Let me say right now that when as I expect, we hover around mid table, it will inspire the usual suspects on this blog to, rather than consider it a decent result, flood this space with their ridiculous comments of ‘midfield mediocrity’ and other poisonous criticisms of the majority of our squad, starting with any of our surviving homegrown youngsters. Just saying …….

    • Leazes Ender

      If mid table is the aim its not a Rafalution is it…. its Pardew II

      • glassjawsh-got-banned

        just enjoy something for once

        • Leazes Ender

          I had a nice curry.

          • Jimblag23

            We’ve just come up from the championship, of course mid table is a success.
            If the club came out and said we’re going for the top 4, you’d criticise that too.
            Basically you’d not be happy if anything happened.

        • Leazes Ender

          I had a nice curry

      • HarryHype59

        All true at least in the short run.

  • HarryHype59

    Judging from Ashley’s statement tonight Rafa will not get anything like 100m. He will be lucky to get 50m.

    • Clarko

      Ashley’s statement reads, “I’ve confirmed to Rafa Benitez he can have every last penny the club generates through promotion, player sales & other means”, where in that statement do you get the impression that Benitez will “be lucky to £50m”, how did you come to that conclusion?

      • HarryHype59

        The parachute money and winning the championship comes to around 50m. The player sales those we wish to move on won’t be that much in relative terms. Talks of 100m are wide of the mark. The club will bump along until the big tv deal is paid out next year.

        • Clarko

          You are forgetting the net profit of around £30m Newcastle made from transfers last season. That and the parachute payment money you mention equates to the value of around the £70-£80m being quoted in the press, any sales will add to that, I imagine there will be a significant number of outgoings, Benitez will have his money.

          • HarryHype59

            I had read that the parachute money is around 45m. The ’30m profit’ on transfers is staggered e.g. Spurs are paying by installments for Sissoko. The outgoings will be bargain basement level e.g. a million for Gouff and don’t forget all those in contract can do a Tiote ….sit in the reserves and take the high salary.

          • Clarko

            We do not know if the Sissoko money is “staggered”, even so Newcastle would have still received money from that transfer already. Even if the payment is “staggered”, the statement reads that “Rafa Benitez he can have every last penny the club generates through promotion, player sales & other means”, the keywords being “every penny” and “player sales”, to me that includes the Sissoko money, all of it.

            Your argument about “bargain basement level” players is pure conjecture, you do not know how much we will receive for players, what we do know is how much we payed for players such as Hanley, Murphy, Lazaar, Sels and Diame, we spent £22m (transfermarkt) on those players, not to mention the likes of Mbemba and Mitrovic (£26m) who may also leave. Are you suggesting Charnley/Ashley would allow Newcastle to make a loss on those players? That’s a total of £48m without considering the prices of De Jong, Krul, Saivet and Mbabu. Side note, Gouffran is out of contract in the summer.

            There are also the likes of sponsor money to add to the figure, potnetial money from both Wonga and the new Chinese sponsor, not to mention the “other means” Ashley spoke of. Benitez will have £70m+ and whatever the clubs makes from outgoings.

          • HarryHype59

            It is widely reported that Spurs are paying the 30m over five years!
            Ashley and Charnley have lost money on numerous deals in the past, Thauvin, Cabella, Mbia, Stanton immediately spring to mind. I doubt the club will get their money back on Hanley or Murphy. Also the ‘deadwood’ are in contract so can choose to stay rather than move to a club unable to match their current salary.

            Sunderland will receive 100m TV cash for finishing last in the EPL, Newcastle will get around 25m parachute money. The club will be struggling to cover the wage bill yet alone spend multi millions on new players. That is the financial reality.

          • Clarko

            Is it not widely reported that Newcastle will get £70m+ in the summer, why do you believe the “staggered” Sissoko transfer and not the former? Inconsistent.

            Another inconsistency is this parachute money you’re quoting first it was “£50m”, then “£45m”, then “a third of £70m” and now it’s “£25m”, you are clearly unsure about how much Newcastle receive. As of the 16/17 season relegated clubs (Newcastle) receive 55% of the equal share of broadcast in the first season, that is 55% of £72.7m which is £40m (skysports). Newcastle get £40m, not any of the random numbers you have imagined.

            According to transfermarkt, Newcastle bought Mbiwa for £6.80m and sold him for £6.25m + £1.07m loan fee equaling £7.32m. Newcastle bought Thauvin for £15.60m and it has yet to be recorded how much he has been sold for. Newcastle bought Cabella for £8.50m and sold him for £6.80m. Newcastle bought Santon for £4.80m and sold him for £3.15m. Do them numbers indicate a numerous losses? Not to me. What about the Sissoko tranfer, bought for £1.75m and sold for £29.75m or Wijnaldum who was bought for £17.00m and sold for £23.38m or Cabaye who was bought for £4.25m and sold for £21.25m or Carroll a youth academy product who was sold for £34.85m. Newcastle do not take losses in the transfer market, hence our £30m net profit last summer. You are wrong.

            Why are now bringing up Sunderland? That seems odd. Where has anyone suggested the club are struggling to “cover the wage bill”? Where is your evidence? That is a ridiculous statement, like most of what you are saying.

            To summarise, £40m parachute money, prize money, sponsorship money, £30m net transfer profit and player assets.

          • Clarko

            Part 1:

            Is it not widely reported that Newcastle will get £70m+ in the summer, why do you believe the “staggered” Sissoko transfer and not the former? Inconsistent.

            Another inconsistency is this parachute money you’re quoting, first it was “£50m”, then “£45m”, then “a third of £70m” and now it’s “£25m”, you are clearly unsure about how much Newcastle receive. As of the 16/17 season relegated clubs (Newcastle) receive 55% of the equal share of broadcast in the first season, that is 55% of £72.7m which is £40m (skysports). Newcastle get £40m, not any of the random numbers you have imagined.

          • Clarko

            Part 2:

            According to transfermarkt, Newcastle bought Mbiwa for £6.80m and sold him for £6.25m + £1.07m loan fee equaling £7.32m. Newcastle bought Thauvin for £15.60m and it has yet to be recorded how much he has been sold for. Newcastle bought Cabella for £8.50m and sold him for £6.80m. Newcastle bought Santon for £4.80m and sold him for £3.15m. Do those numbers indicate serious losses? Not to me. What about the Sissoko transfer, bought for £1.75m and sold for £29.75m or Wijnaldum who was bought for £17.00m and sold for £23.38m or Cabaye who was bought for £4.25m and sold for £21.25m or Carroll a youth academy product who was sold for £34.85m. Newcastle do not take losses in the transfer market, hence our £30m net profit last summer. You are wrong.

            Why are now bringing up Sunderland? That seems odd. Where has anyone suggested the club are struggling to “cover the wage bill”? Where is your evidence? That is a ridiculous statement, like most of what you are saying.

            To summarise, £40m parachute money, prize money, sponsorship money, £30m net transfer profit and player assets.

          • HarryHype59

            I wasn’t sure what the exact ratio was it I knew it wasn’t the full 72.7m. SAFC got 100m for finishing last. My point is that getting relegated means a massive drop in TV income which kicks in now.

            The club may be getting 70m+ from additional sources but this will have to pay operating costs like the wage bill. There cannot be huge sums left to bring in new players. The club will be aiming to survive next season as it doesn’t have the income streams coming in to finish top half. If Ashley insists that players must be bought ‘upfront’ whilst accepting staggered fees for players sold, the situation will be even worse.

          • Clarko

            You are ridiculously uniformed, your whole argument as to why Benitez “will be lucky to get £50m” is the “wage bill”, it’s absolutley laughable. Newcastle don’t “have the income streams coming in to finish top half”, yet Bournemouth sit in 10th with 45 points (level with West Brom and Southampton in 8th and 9th respectively) who have spent a net £12.92m this season. 45 points.

            Now you’re implying the Ashley sells every player for “staggered” fees which is absolute dross.

            Any operating cost will be covered by the EPL TV money Newcastle will receive at the end of next season.

          • HarryHype59

            Clarko, let me explain in simple terms! The Mackems will get 100m TV cash for finishing last in the EPL this season. NUFC will receive 42 million parachute money as a result of getting relegated again. Even with ‘other incomes’ there won’t be any where near the money required to bring in the number and quality of players needed for a top half finish. There is a revenue shortfall of around 50m in TV cash and that will impact Rafa’s ability to bring in quality players.

            WBA, Bournemouth, Southampton and Stoke are established EPL teams and didn’t need to spend as much as we need to do to stay out of trouble. It may have slipped your notice but the two promoted teams last season Hull and Boro are going straight back down.

            Also, can you show me actual evidence that the Sissoko and Wynaldum deals aren’t paid by installments? That is standard practice in most deals.

            The fiscal handicap Rafa will be operating in next season seems difficult for you to grasp.

          • Clarko

            Where have I mentioned Sunderland (why are you)? I haven’t, not only is it irrelevant but you are also wrong, Sunderland will not get £100m, they will receive a percentage of that, parachute payments.

            Now you are talking about not having the “money” to bring in the “number and quality of players needed for a top half finish”, guess what? That wasn’t the argument, the argument was about Benitez “being lucky to get £50m”. Straw man.

            Again, the argument is not about WBA, Bournemouth, Southampton or Stoke. (Bournemouth an established EPL team? Really? Two seasons in the top flight?)

            I never said the Sissoko transfer wasn’t staggered nor is it my duty to provide evidence, it was your point, can you provide evidence that the Wijnaldum and Sissoko transfers are staggered?

            You cannot say that Benitez has a financial “handicap” without providing evidence, your uniformed opinion does not equate to fact. You do not know how to structure an argument, you have provided no valid reasoning or evidence to enforce your point.

          • HarryHype59

            I am making perfectly valid points based on simple logic and number crunching. You just don’t have the cognitive ability to grasp them.

          • Clarko

            Another reply of nothingness.

            Number crunching? You mean the four different and incorrect values of parachute money you quoted before I actually provided the correct value. Or the “number crunching” you did when listed the “numerous” (only four) players Newcastle have sold at “losses” before I provided actual evidence by quoting the fees (paid and received) of eight players (including your mentions). Or how about the irrelevant and false £100m Sunderland are receiving next season. Or the staggered transfer of Wijnaldum (and Sissoko) and enormous, crippling operating costs that you have not provided evidence for. Or the “deadwood” that you “doubt” Newcastle will get their money back on without any reasoning.

            Does any of the above suggest any “valid points based on simple logic”? It’s rhetorical, it doesn’t.

          • HarryHype59

            For heavens sake man! The financial implications of the 2016 relegation are in black and white via the link I posted that analyses the club accounts. You are unable to grasp the implications or understand the significance of a massive fall in TV revenue arising from yet another relegation.

            It is an objective and indisputable fact that this club has been very badly run. BTW I could a very long list of players sold at a loss over the past few years.

          • Clarko

            Part 2:

            According to transfermarkt, Newcastle bought Mbiwa for £6.80m and sold him for £6.25m + £1.07m loan fee equaling £7.32m. Newcastle bought Thauvin for £15.60m and it has yet to be recorded how much he has been sold for. Newcastle bought Cabella for £8.50m and sold him for £6.80m. Newcastle bought Santon for £4.80m and sold him for £3.15m. Do those numbers indicate serious losses? Not to me. What about the Sissoko transfer, bought for £1.75m and sold for £29.75m or Wijnaldum who was bought for £17.00m and sold for £23.38m or Cabaye who was bought for £4.25m and sold for £21.25m or Carroll a youth academy product who was sold for £34.85m. Newcastle do not take losses in the transfer market, hence our £30m net profit last summer. You are wrong.

            Why are you bringing up Sunderland? That seems odd and irrelevant. Where has anyone suggested the club are struggling to “cover the wage bill”? Where is your evidence? That is a ridiculous statement, like most of what you are saying.

            To summarise, £40m parachute money, prize money, sponsorship money, £30m net transfer profit and player assets.

          • HarryHype59

            All of which has to cover the 96m operating costs! The wage bill at 2016 was 76m.

          • Clarko

            Turnover was £125.8m, Newcastle made an operating profit in 2016, if you continue to reply please reply to the last message to keep the “discussion” ordered.

          • HarryHype59

            The parachute money of 70m is paid over three years. So Rafa will get a third of that.

          • HarryHype59

            There is also the small matter of the operating costs e.g. players wages it was 96m in 2016.

      • HarryHype59

        Simple number crunching!

  • Mal

    I’m ecstatic that Rafa has agreed to stay and he’s obviously satisfied with the assurances that have been given regarding budgets and future direction of the club. I think the reality is that he isn’t going to be able to repeat the full scale overhaul of the squad that he managed last year and so we have to be realistic about what can be achieved. It’s going to take 2 or 3 years to turn things around completely and if we can perform well next year, perhaps get into the top half and have a decent cup run(s) that would be good progress in my book. Those saying this shows a lack of ambition seem to have forgotten the state we were in before Rafa took over and the disillusionment amongst the fans. He’s got the fans back onside which is a massive achievement in itself.

    • Leazes Ender

      Her’s lost out in the negotiations hasn’t he? Don’t you think?

      • Mal

        I doubt it. The reality is we don’t actually know the detail of what’s agreed but I doubt he’d have stayed if it wasn’t reasonable. Why would he stay otherwise? If he’d have walked he’d have been in demand so I can’t see why he would stay if ‘he’d lost out in the negotiations’.

  • Down Under Mag

    Until we see what REALLY happens in the summer, we aren’t going to know the truth of what Ashley is going to do, many of us have been burned before and justifiably reluctant to place any faith in the owner. If Rafa is on board with it then you have to believe to some extent that the manager will get what he wants, obviously being realistic in what is expected but still wanting to push on rather than subscribe to the prior arrangements of other managers. It’s just a carefully worded statement from Ashley that does set some alarm bells ringing but while I have never expected him to bankroll the club, it is going to be refreshing if indeed the club is allowed to stand on it’s own two feet and use it’s own income (rather than see profits pay off debts that never decrease). Still some mistrust of Ashley, it’s going to take more than just one summer of spending (to gain promotion) to convince many he has changed his ways!

  • Wor Monga

    It’s unbelievable looking back over this site to see a braindead troll (Leazes Ender) spend something like 10 hoursjust trolling some honest comments that genuine supporters have put on here in answer to the above article…

    …yet never once over the years have I ever seen the ‘Toon Troll’ come up with anything pertaining to any actual game of football…He just comes over as a sad lonely tossa without any close companions or friends at hand to argue with… and therefore needs somebody to respond the fact that he’s still alive… being negative (or insulting) to the vast majority on this site satisfies those needs…

    …As for the above article… the amounts involved will never be disclosed to the public, but it’s more than enough to know that Ashley is satisfied that the club…both playing and financially,is in now in the right hands, with Rafa Benitez at the helm…

    …and that any hesitation or backsliding by him would result in nothing less than the total devastation of a club that is now in the ascendancy…he’s moved fast to make that publicly known, and the only thing that would make Ashley do that is…total respect and fear!!!

  • trouble

    shearer said actions speak louder then words! hes nail on. we have had 10 years of words and the actions never live up to them. even recently in january once again the club signed no one. we will see alot of players leave this summer, and i will be surprised if newcastle spend the 30 million we are meant to have in the bank from the sissoko transfer!

    • Clarko

      Are you forgetting about the £55m we spent this season or the £92m we spent the season before last or the £38m before that one? What would be surprising to see Newcastle spend the £30m you mention?

      (transfermarkt)