Moussa Sissoko was sold to Tottenham by Newcastle United on deadline day in summer 2016.

The much anticipated departure saw a reported fee of £30m agreed by the two clubs.

Prior to that Sissoko deal, Newcastle United had spent an estimated £50m+ on transfers in that window, with a similar amount thought to have been recouped with players leaving.

So the £30m deal for the midfielder was thought to be more or less the transfer surplus achieved as Rafa Benitez bought and sold to try and turn the club around.

However, it has now been revealed by the club that the actual figure is far higher in terms of profit on transfers.

Newcastle United announcing that the club actually ‘generated a net surplus of around £40m in respect of changes to the playing squad’ last summer.

This information has come into the public domain thanks to the full Newcastle United accounts for 2015/16 being lodged at companies house.

Even though those accounts only go up to 30 June 2016, the extra information was supplied as to transfer activity that followed that summer.

However, Mike Ashley has continued his policy of NUFC paying for players up front BUT allowing other clubs to pay in stages when buying from Newcastle,

So these new NUFC accounts (they also revealed Steve McClaren’s compensation package – see HERE) also reveal that though there was a £40m surplus in terms of players sold/bought last summer, ‘a substantial proportion of the player sales are deferred and will be received over the next 3-4 years’.

This meaning that when the current season’s (2016/17) accounts are eventually published next April (2018), they will show more cash going out than coming in during this year, with the rest to follow in the coming years.

What impact this practice will have on money Mike Ashley will make available to Rafa Benitez is anybody’s guess.

As for Ashley continuing to have the club pay up front for players but allow others to buy from NUFC in instalments, it must surely have benefits, accounting or otherwise, for the club/himself.

Extract from Newcastle United accounts for period up to 30 June 2016:

‘Subsequent to the balance sheet date the club has generated a net surplus of around £40m in respect of changes to the playing squad, a substantial proportion of the player sales are on deferred terms and will be received over the next 3-4 years, with the result that in the year ending 30 June 2017 there will be a net cash outlay with respect to these transfers.’

  • 1957

    It should be the rule if you want a player you pay up front. Having to live within your means would IMO eventually drive down player prices and ridiculous fees paid to agents

    • Andy Mac

      Not a bad idea, the Mancs would be bottom 3 within a couple of years !

  • MichaelMaximusMoose

    He`s a tricky Fat Fooka isn`t he, he`ll be up to something you can your life on that
    5 pairs of socks for 2 quid, 10 pairs for a fiver. Knave

  • Mrkgw

    Suppose they are publishing the figures which is at least something. Hopefully, if we make a return to the Premiership then a good chunk of cash will be invested to make sure that relegation never happens again. We deserve at least that much following years of turmoil during the Ashley era.

    • MichaelMaximusMoose

      you mean you think he`ll change, i`ll have to see me lawyer on that one

      • Mrkgw

        Live in hope Moose!

      • Jezza

        Ha ha not much chance is there. Fatman is probably looking to rake in another £40 million this summer. The word will already be out on the football grapevine, NUFC inviting bids for Shelvey, Gayle and Ritchie. Don’t worry though but I’m sure Carr is lining up his next batch of unknown lightweight 20 year olds from France.

    • Jezza

      When we got promoted in 2010 I hoped Ashley would take measures to ensure relegation never happened again but of course he didn’t. Why will it be any different this time?

  • Considering we will sell a few more players that will rise to 50+, if we can invest 30-40 of it for 3 quality players I will be happy. No need in buying quantity, we need 2 proven EPL players and 1-2 proven from Spain/Italy/Germany(Elite leagues) and we’ll be a top 10 side for sure with Rafa in charge!

  • Toon fan 1950

    Will Ashley invest money into the team at last, is the big question that we all want to speculate on. He will I think , if he does not well he is more stupid that we thought. We need at least 6 good players brought in, just to stay up.

    The other teams have moved up a peg or two and the intensity of matches is way above the championship level. The existing clubs have invested money into there teams and they will do it again this summer. They all have money to spend with the increase in t v money.

    Lets hope that Ashley realises that this is our last chance to advance. He may not have ambition, but he must realise that there is loads of money to be made with a decent team.

    • Jezza

      Assuming we go up, I genuinely can not see NUFC spending big in the summer. Ashley will probably be more than happy to take a gamble on the same squad that finished top two in the Championship being good enough to finish fourth bottom of the Premiership.

      • bobbi fleckman

        define ‘big’

        • Jezza

          Put it this way, I can’t see them spending any more than what ever they may bring from player sales. Does that clarify it for you?

          • Albert Stubbins

            Jezza- you normally speak sense but you cynicism isnt well founded this time in my opinion- Ashley knows if he skimps on outlay this he will not only lose Rafa but that he will never again get the opportunity to attract a first class manager to the club again. Rafa is a once in a lifetime opportunity and I genuinely believe that this time even Fatso recognizes this fact. Rafa demands winners and everyone knows this type of player doesnt come cheap- lets wait and see but for once im confident big money 50/60 million plus net will be spent plus cash from players out.

          • Jezza

            I just can’t see it, I’m afraid. I just look back at the way Ashley has run this club for the past 10 years and I can’t see anything changing. Newcastle fans have endured so many desperately agonisingly frustrating transfer windows since Ashley took over that I’m not going to allow myself to harbour any hope that things will be any different this time.

            I don’t even think Ashley cares if Rafa goes or if he never gets another top manager. Come the summer Rafa will hopefully have done what he was brought in/kept on to do, get the club back on the Premiership gravy train and he will have served his purpose as far as Ashley is concerned. I’m sure Ashley will be happy to bring in some stooge like Pardew on a fraction of Rafa’s wages who he believes, rightly or wrongly, will just about manage to keep us up.

          • Adam

            If the fatman had a genuine change of strategy by installing Rafa as Manager, providing him with assurances over transfer spending in Rafa’s contract and reigned in the DOF’s role then I have nothing to worry about.

            of course, such a poistion may have been bourne of the shock towards the end of the 2016 season. and business as usual resuming is something we probably all expect.

            Regardless, we simply have to bring in top drawer players in every section of the pitch with several marquee signings or we will have a real fight on our hands next season. Swansea, Palace, Watford et al I would expect to be scrapping at the bottom next year and they currently have much better teams than we do; the concentration of quality in the BPL will only increase with the TV money.

            The balanced tactic for Ashley would be to back Rafa as agreed for the next two years, hope that his spending creates a strong enough squad to consolidate a BPL position before returning to mediocrity. ~120m spending over two years is a small price to pay for security going forward

  • Thefootballerwhocouldfly

    Ashley invest…. only in his bank balance! Expect a few unknowns from Europe, players back from loans & others from the championship who are willing at a price to jump ship to our fantastical rollercoaster of an emotional ride!
    Hitch your chickens to Ashley’s wagon lads & lasses ….it’s enough to drive you to drink!?

  • MadMag83

    He probably pays up front to get a cheaper deal, whilst he’s happy to accept staged payments in exchange for a higher fee, probably wouldn’t have got £30m for Sissoko if it was up front cash.

    It does however mean that we are unlikely to see any major investment whilst Ashley waits for the deferred payments to trickle in and the end of season TV money to hit the coffers, by which time we could have been promoted and relegated (again)

  • Biggs Darklighter

    Basically he is ripping us off. If anyone does not yet grasp this concept they never will.

    • Wor Lass

      I think that message has filtered through over the last nine or so years, m8!

  • Wor Lass

    We should be in a good position to buy when we go up and, if the will is there from the owner (big “if”!), we can strengthen the squad this summer. Paying cash up front enables us to compete well with other clubs. When we are back in the PL we will also have that attraction for the players – which is probably what lost us deals in January (combined with the usual penny-pinching, no doubt) – along with a modern, sold-out 50000 stadium and a world-class manager ……. and saveloys! We`ve got it made!!