Newcastle United Transfer Policy – What Is Wrong With Buy Now Pay (Some) Later?
Can anyone tell me why our club seems to be unique in paying cash for players?
Can you also explain how that benefits our club as opposed to the club who receive the cash?
When Mike Ashley took over we seemed to leave the traditional way of doing things, like paying some cash up front and then paying the remainder of transfer fees over the remainder of a player’s contract.
Why do this though? Surely it also puts us at a disadvantage when we are faced with a situation like this summer, when obvious investment is needed just to plug the gaps in a paper thin squad.
I guess most supporters would say a minimum of five new faces are required this summer, and more if an exodus, which seems likely, occurs. How are we going to fund that by paying cash?
By my reckoning we have the £10m reported profit from last year and the Cabaye money to spend this summer, so maybe just north of £30m at most. Of course if Jabba the Hutt takes his £18m still ‘owed’ back in one chunk, we are really in the clarty stuff…
But for the minute let’s say we have £30m. Going along with our current strategy, that isn’t anywhere near enough to buy the quality needed to improve. An average of £6m for five players gets you not much these days I’m afraid.
So what if Mr.Ashley took the bold leap of reversing his cash only plan and goes back to part cash and part instalment?
That would enable the club to spend the funds it needs and still be able to afford it. I think £50m is a conservative estimate of the dosh needing to be spent this summer. Surely by paying even half a transfer fee up front and the rest in instalments, it would give us a chance to balance the squad up for next year?
I’m not saying we need to do this every year either, because once we get the numbers right, then you can start to add one or two players at the right time.
We don’t need to go back to the days of spending more than we earn, just give us a chance to spend the money we do earn sensibly.
So if anyone can shine a light on why the old fashioned way of doing things is so wrong, please tell me, because it seems the only way forward at the moment.
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