How much did this current Newcastle United squad cost to assemble?

How does that figure compare to other clubs?

These questions have been answered in a new report by the CIES Football Observatory.

They looked at every club in the big five European leagues (England, Spain, Germany, France, Italy) and have produced a table (see below) showing from the most expensive downwards.

No surprise that Manchester City are at the top, the January 2018 transfer window has now taken them up to a figure of  €878m (£777m) that it has cost them to assemble the current squad of players.

When it comes to the average per club by league you have:

€291m – Premier League

€131m – La Liga

€124m – Serie A

€113m – Bundesliga

€97m – Ligue 1

Here is the top 30, which includes the Newcastle United squad (all figures in euros):

newcastle united squad

As you can see, they put a figure of €145m (£128) on how much it has cost to put the Newcastle United squad together, making it the 29th most expensive in the top five European leagues.

Of the 28 clubs above Newcastle, 12 are from the Premier League, five each from Spain and Italy, four from Germany and two from France.

The lowest placed Premier League club is Huddersfield in 48th place, meaning the Premier League has 20 of the 48 most expensive squads in the five major European leagues.

The seven other English clubs not in the top 30 above:

€141m Watford

€133m Swansea

€130m West Brom

€102m Burnley

€98m Bournemouth

€90m Brighton

€77m Huddersfield

For those surprised at Newcastle being so high in the table, here are rough figures for how that 29th place was reached.

£13m Mitrovic

£12m Shelvey, Ritchie

£10m Gayle, Murphy

£9m Lejeune

£8m Mbemba

£7m Merino

£6m Sels, Atsu

£5m Joselu, Clark, Yedlin, Diame, Saivet

£4m Manquillo, Lascelles, Darlow

£3m Hayden, Lazaar

£2m Perez, Haidara

£1m Elliot

I make it that the Newcastle United squad actually cost more like £140m (€158), so NUFC could even potentially be a couple of places higher in the most expensive squad lists..

If you are struggling to match this up with (justifiable) complaints of the amount of money allowed to be spent by Mike Ashley, then I think there are a number of factors to consider.

It isn’t just how much money that has been spent under Ashley, it is also when and how it has been spent, particularly who made decisions.

So for example, Rafa Benitez has the likes of Mitrovic, Mbemba, Saivet and Haidara who he has been landed with and who he doesn’t rate and hasn’t managed to shift, they alone cost around £28m.

The United boss has also made the odd mistake as well, with Lazaar and Sels accounting for another £9m or so of unwanted players.

You also have to take into account just how shocking the youth progression has been at the club for many years, only Paul Dummett is in the first team squad after coming through the ranks for nothing.

In the likes of the German clubs especially, you will have countless players that cost nothing and they developed. Even compared to pretty much every other Premier League club, Newcastle will look poor in that respect.

Also, whilst Newcastle are as high as 28th, they do still have 12 Premier League clubs with more expensive squads and most of those are far far higher.

Everton’s costing some €220m more than Newcastle’s, whilst even Southampton and Palace were €80m or more.

  • Monkseaton Magpies

    No surprise to the people of Monkseaton have always said we have got some good players. Gayle even got man of the match in the Sun newspaper.

    • Dillon Tovak

      Not particularly great in other matches though eh?

    • Ram Kishore

      One Monkseaton is representative of all now?

  • Dillon Tovak

    It is possibly worth noting Brighton, Huddersfield and possibly Burnley have had years of putting together a decent championship squad with championship money, subsequently improving this with some good buys after promotion.
    You would imagine that if things were to stay the same, in a few years time that list would look different.

    • Dont stop bobbi fleckman

      Thauvin isn’t doing too badly now. Had he arrived in a better set up, he’s have done well here.

      • Dillon Tovak

        Whether or not he’s brilliant or terrible, the point is we needed strengthening in other areas.

      • HarryHype59

        He is doing better in the weaker French league! He also didn’t want to play for us.

        • Dont stop bobbi fleckman

          He was affected by the abuse he got, moreover, his girlfriend was getting stuck and wanted to go home.

    • Ram Kishore

      You can’t blame Thauvin
      It just didn’t work for him.or maybe he wasn’t used properly and neither was he allowed to settle down in a phased manner..
      You can say it’s the coaching staff s mismanagement

      On other things u r spot on

  • TheFatController

    The cost of a squad tells us the value of the players, but it’s the selling figures and the net spend that tell you much more about the momentum and morale of a club.

    Taking Southampton as an example, they have an expensive squad, but the way that money has been accumulated has left them with too many changes in playing staff and management to have any stability and feel good.

    Whereas for Brighton, they have a stable set up with a settler mamanger and squad seeing a few additions regularly to improve – the momentum is there and the curve upward.

    So squad effectiveness is a measure of value, stability and momentum.

    • Cockneytrev

      Exactly it’s a useless set of figures
      Net spend is the bottom line,,

      • Monkseaton Magpies

        Net spend means nothing what counts is the quality of the players you buy gross.

        • Cockneytrev

          as normal you talk bollox,,
          you hoop licking troll,,,👅👅
          stick to your fantasy posts,,,

  • Clarko

    But the people on here say that Newcastle don’t spend any money? Odd.

    • TheNutJob

      it`s more propaganda for Fatty, he hasn`t spent a penny in 11 years
      if owt`s odd, it`s you !


      • John

        Net spend of over £75m in 3 years. Ok then you clown

        • MichaelMaximusMoose

          can you not comprehend basic English ?
          Mike Ashley hasn`t spent a bean in 11 years & that`s who he`s referring to
          YOU CLOWN

          • Clarko

            As said above, he spent £15m when he provided a £33m loan in December 2016.

          • GToon

            What was the loan for?

          • HarryHype59

            Wasn’t it something starting with R?

          • GToon

            Yes Harry it was but if the conversation had continued I would have suggested that the loan was due to Ashley’s own shortcomings as it’s his policy of no investment that creates the problem in the first place. If someone punches you in the face then hands you a tissue for the blood are you supposed to be grateful?

      • Clarko

        He spent £15m when he provided a £33m loan in December 2016.

        • glassjawsh-got-banned

          a loan… to himself…

          • Clarko

            Can you read? He spent £15m.


          • glassjawsh-got-banned

            I can read that you just said that Mike Ashley somehow managed to loan himself 33 million pounds

          • Clarko

            You can’t read, that and Mike Ashley did not loan himself £33m, you complete moron.

          • HarryHype59

            I can’t understand how you haven’t been banned from the Mag. Your persistent rudeness is matched only by the claptrap you post!

            I refuse you accept you are even a supporter of NUFC!

          • Clarko

            The standard “I can’t argue with you because you’re right so I’ll just say that you’re not a Newcastle supporter” post.

          • GToon

            What if harry is a really nice guy and a keen supporter of the club. What if he’s a kind old bloke who just has a different opinion to you? What if he’s a young lad who doesn’t like confrontation? I don’t get the rudeness either. No need for it.

          • Clarko

            50 years of age and you still can’t read.

          • GToon

            That’s funny. Is this going to be another evening of quick whit and repartee from you. I’ll get my wife and kids to come and have a look. We’ve got boxing club at seven till eight but if you write something funny they can all stay up.
            My comment is regarding your attitude to a fellow supporter. It’s not really necessary is it. And no I can’t read. I got my dog to type my reply in. He’s quite good isn’t he.

          • Clarko

            Alexia without agraphia, get your “wife” to look into it for you.

          • GToon

            Nah, that’s not funny really. We were all hoping for something more amusing than that. Have another go (typed by my dog).

          • Clarko

            “typed by my dog”

            50 years old…

          • GToon

            My dog has asked me to tell you that I’m 51 soon.

          • GToon

            My daughter wants to know if you really are a troll that lives under a bridge. She’s only little and thinks you are funny!

          • HarryHype59

            You remind me of the Black Knight in Monty Python and the Holy Grail! Despite having both arms and legs cut off, still believes he hasn’t lost the fight.

            Numerous posters on here regularly deconstruct, the fact defying infantile nonsense you post on here. It is comical the way you fail to see how your stance on numerous points is proved to be wrong!

            Keep on posting Clarko. Your unintentional comic offerings on the Mag are highly amusing!

          • Clarko

            “Numerous posters on here regularly deconstruct, the fact defying infantile nonsense you post on here.”

            Never happened has it. The people on here couldn’t deconstruct a Lego set, yourself included.

          • HarryHype59

            It happens daily! Keep on posting Clarko, for your unintentionally amusing comments! Comedy gold they are!

          • HarryHype59

            Which he later paid back to himself!

        • HarryHype59

          That was to fund a cash flow problem arising from the second relegation! Think about it man ffs!

          The loss of EPL TV money was a huge body blow for NUFC that season!

          The parachute money of £41m and the solidarity cash around £4m still left a massive shortfall!

          • Clarko

            Oh look at that, someone else who cannot read:

            “he hasn`t spent a penny in 11 years”

            He has, end of discussion.

          • HarryHype59

            He has been raking in millions from TV money. He had bern spending money earned by the club.

          • Clarko

            Learn to READ dummy:

            “He spent £15m when he provided a £33m loan in December 2016.”

          • HarryHype59

            If you crashed your own car, you would expect a bill…think about it!

            Also he repaid “himself” back at a later date!


          • Clarko

            “he hasn`t spent a penny in 11 years”

            He has. He has spent at least £144m in 11 years, he was wrong, get over it.

            “Also he repaid ‘himself’ back at a later date!”

            No he didn’t.

          • HarryHype59

            Oh yes he did!

            Admit it, you actually support another club don’t you?

          • Clarko

            Quote the statement from the accounts for the year that ended in June 2017 (that doesn’t exist), where it states that St James Holdings Limited was repaid the £15m that they loaned the club for operating activities in December 2016.

          • HarryHype59

            The June 2016 accounts clearly state MASH loaned the club £33m. Fatso then took £18m of that to leave the club with a loan of £15m to cover cash flow issues arising from yet another RELEGATION.

            The bloke is getting his left hand to loan his right hand money as MASH is Mike Ashley. It is all financial smoke and mirrors.

            No doubt the June 2017 accounts will show similiar “creative” accounting.

            Another idiot statement deconstructed!

          • Clarko

            Here is the quote from the accounts:

            “On 21 December 2016, St James Holdings Limited, a company controlled by Mr Ashley, provided a further loan of £33m. £18m was used to repay Mr Ashley his outstanding personal loan with the remaining £15m providing additional essential funds for operating activities.”

            You were wrong, he wasn’t repaid the £15m, you’re an idiot.

          • HarryHype59

            You are correct he was repaid £18m by his own company to himself. That is written in black and white.

            I know you struggle with basic cognitive reasoning skills, but deep down despite your inane ramblings, you must grasp he is being ” creative” with accounts.

            In an era of bumper TV deals for top flight clubs, he wouldn’t need to loan money, if the club hadn’t been relegated again!

            Think about it!

          • Clarko

            This “discussion” wasn’t about the £18m or the relegation, it was about the £15m and you were wrong.

    • Cockneytrev

      Net spend

      • Clarko

        Ashley has a €74.88m net spend as of December.


        • Cockneytrev

          That’s peanuts,,,
          Stick to what you know,, you hoop licking troll,, You know duck all about football,,,

          • Clarko

            I wonder if you know just how stupid you are? You must know right? That you’re like, bottom of the pile, lowest of the low?

            Anyways, have fun doing whatever it is that you like doing in your spare time Trev, whether that’s colouring, dot to dot, shape sorting.


          • Cockneytrev

            Wow a hoop licker who laughs at his own jokes,,,
            ps,, at least I know about football you troll,,,,

          • Clarko

            Of course you do…

          • Cockneytrev

            why no laughter this time?
            Hoop licker👅👅👅

          • Desree

            Penfold is back at work

  • Leazes.

    We are the fifteenth best supported club in Europe, now if the squad value matched the support then we would be about ehm…. fifteenth where Monaco are with a spend on the squad almost double….. not fifteenth in the Premiership.

    Ashley holds United as a club and runs it on a shoestring and has actively downsized the squad rendering it to a position where we can say for certainty….

    ….we’re better than Watford’

    Ten years and counting.

    • Dont stop bobbi fleckman

      Are you saying our gate receipts are 15th in Europe?

      You may not have noticed but TV money is what counts at the moment.

    • Gareth Marshall

      Whilst I agree with your sentiment, I have to ask: how do you come up with that then?

      Throughout Europe there are roughly 40 teams playing in bigger stadiums than us, give or take , achieving equal or bigger attendances than us. So if you’re looking at attendances than you’re way off.

      If you’re looking at the money made then saying we’re the 15th best supported club in Europe doesn’t correlate with the reality. The only way to really know is to count all the fans, which of course is impossible.

      I’d suggest that in terms of how many fans we have, we’re nowhere near the top 20. Newcastle is a small city, only a quarter of a million or so.

      So how do you figure we have the 15th best supported club in Europe mate, I’d be curious to know.

    • isitjustme?

      Excellent pivot, nobody noticed your hawking on about us being placed 15th by Ashley’s calculated spending for the last 6 months!

  • Rich Lawson

    I’m sick of meaningless statistics,can we just look at what can be done on the park after Sunday’s performance against arguably the biggest team in the world ?

  • Nut

    Whilst we all like to think opening the chequebook guarantees success it’s not actually the case.

    There needs to be a bit of nous used in purchasing players and given the way West ham, Palace and others who have spent lots (and wasted lots) are struggling plus the fact no one is capable of catching city, then there is a case for looking at other methods.

    Personally I think there is a case for moneyball tactics to be used more not less as long as it’s used cleverly with other methods alongside and an experienced manager like Rafa guiding things.

    We can’t compete financially with Man City or even the top 6 but maybe just maybe with some cleverly thought about and processed additions we can on the pitch.

  • Desree

    Not only would we be higher up the list, we would have a much better squad if we didn’t low ball every time we put an offer in. 13m gets top prize of odd bod jnr when we could have had Bony, Remy, Lacazette, Bas Dost or aubameyang for the same price.
    It is the the money wasted on the 6m players that really frustrates me.
    Can someone introduce mike ashley to fantasy football. We all know you blow your budget on two stars and rumage around the bargain basement to make up the squad!

    • Big geordie

      We blow our budget on 5 mill player (1). That’s Ashley and penfolds dream transfer.