Newcastle United Bank EXTRA £32m
The latest official Premier League cash payments for the 2013/14 season have just been released and Newcastle banked £77,379,252, an increase of £32.2m on last year.
Despite finishing lower in the table, Newcastle received marginally more money than Southampton and Stoke due to number of TV appearances, and so banked the eight biggest cheque.
The excellent Sporting Intelligence having produced the intriguing table of Premier League riches.
Last summer when every club was spending around £25m/£30m based on the latest TV riches, you can easily see what they were basing their plan on.
Newcastle of course bought nobody and only shelled out a £2m loan fee for Loic Remy, so I wonder what Mike Ashley will be doing this summer when every other club is spending around £30m on strengthening their squad.
Earlier this week, the club pounced on a Telegraph story that reported Newcastle were going to make £60m available to spend, the NUFC press people forcing the journalist to retract that claim, having said there was no commitment to make any specific amount available.
While money doesn’t guarantee anything, Ashley repeating the no spending policy of the last 15 months would undoubtedly lead to disaster. With every other club investing tens of millions again this summer, Newcastle might pick up the odd bargain, but at some time they’ll have to compete on the open market for a playmaker and at the minimum, two quality strikers. Plus that is just for starters with our threadbare squad.
[intlink id=”42858″ type=”post”]When the Telegraph[/intlink] ran that £60m story, I bet over 99% of fans thought ‘that will never happen’, but when you take into account that this is roughly what the vast majority of clubs will have spent over the course of last summer and this forthcoming summer, and that comes before you start taking into consideration things like the Yohan Cabaye £20m windfall.
The club is now turning over vast amounts of money without having to try (could be a lot lot more if Ashley wasn’t curbing both Commercial and Matchday revenues), although failure to invest could kill the Newcastle owner’s golden goose – unless he realises that staying in the Premier League isn’t a foregone conclusion.
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