New York Times explains how Newcastle banked £55m rather than £30m for Sissoko and Wijnaldum
The sales of Moussa Sissoko and Gini Wijnaldum were major factors in Newcastle United both bouncing back into the Premier League AND making a £40m profit in the summer 2016 transfer window.
The £25m banked for Gini Wijnaldum was a big help, a profit of around £10m after 11 (home!) goals (and very little else…) in his first season as the Dutch midfielder moved to Liverpool.
That though was dwarfed by the £28.5m profit Newcastle made on Moussa Sissoko, as Tottenham had a really bad day at the office when deciding to pay tens of millions on a chancer who had hardly lifted a leg in the last few years.
The New York Times has, maybe surprisingly, been the source for a bit of insight into how Newcastle banked £55m for the pair, an amount which could have been only £30m for the duo according to the newspaper.
They say that Real Madrid enquired about Moussa Sissoko and talked of a possible £30m deal for the midfielder, which allegedly led to Newcastle doubling their valuation and Spurs unwittingly walked right into that one!
Meanwhile, NUFC were grateful when the media reported on a £25m Gini Wijnaldum’ and neither Liverpool or Everton were said to be discouraged by that ballpark figure.
Maybe the recent media reports suggesting a price of ‘at least’ £400m for Newcastle United could be Mike Ashley using similar tactics, as he allegedly looks for a buyer…
Extract from an article in the New York Times about understanding spiralling transfer fees in the Premier League:
‘The market can move values, of course, but so can the environment.
Last year, when Newcastle United was relegated from the Premier League, it knew it would have to cash in on its two most salable assets, the French midfielder Moussa Sissoko and the Dutch wing Georginio Wijnaldum.
Privately, the club believed that 15 million pounds would be a healthy price for each player.
When Real Madrid inquired about Sissoko and suggested, without prompting, that it would be prepared to pay twice that, Newcastle duly increased its valuation.
When news media reports suggested that Wijnaldum might fetch 25 million pounds — and his two most active suitors, Everton and Liverpool, were not deterred — Newcastle did the same with him. Both players soon departed, each at the new prices.’
If you would like to feature on The Mag, submit your article to [email protected]