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Final Newcastle United Summer transfer profit revealed as window slams shut

7 months ago
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Thursday night has seen Newcastle United make their seventh signing of the summer transfer window.

After getting an extension via putting forward a deal sheet (gives you two hours past the 5pm deadline to complete paperwork), Federico Fernandez signed form Swansea.

The 29 year old Argentine centre-back has arrived on a two year contract Newcastle United announced (see below), though as usual it was declared as an undisclosed transfer fee.

However, Sky Sports announced it as being a deal for around £6m, meaning we can see the total of transfers in and out, as well as the net ‘spend’ (see below).

Newcastle United official statement:

‘Federico Fernández has become Newcastle United’s seventh signing of the summer after arriving at St. James’ Park in a deadline day move from Swansea City.

The 29-year-old Argentine – who played under Rafa Benítez at Napoli – has won 32 full caps for his country and has put pen to paper on an initial two-year contract after the Magpies agreed an undisclosed fee with the Swans.

He began his career in his homeland with Estudiantes before moving to Napoli in 2011.

He won the Copa Italia with Gli Azzurri in 2014 as well as playing in the Champions League.

Fernández signed for Swansea in the summer of 2014 and made more than 100 Premier League appearances for the Welsh club.

Speaking about his arrival on Tyneside, Fernández said:

“It was a long day but I’m really happy to be here.

“It’s a new challenge in my life and I’m very excited to meet all the players and staff here.”

Manager Benítez added:

“I know Federico well from our time together at Napoli and it was an easy decision to bring him here.

“He is experienced, a very good professional and he will add competition in defence.”

The player will wear the number 18 shirt for Newcastle United and will be eligible to face Tottenham Hotspur on Saturday.

Newcastle United have bought these seven players –

PLAYERS IN:

£9.5m Yoshinori Muto

£6m Federico Fernandez

£4m Martin Dubravka

£3 Fabian Schar

£2m Salomon Rondon

£0 Ki Sung-yueng

Loan Kenedy

Total £24.5m 

Whilst these are the ones sold, as well as the main ones who have been released/loaned out –

PLAYERS OUT:

£22m (could rise to £27m if targets hit) Aleksandar Mitrovic

£10m Mikel Merino

£7.2m Chancel Mbemba

£3.5m Matz Sels

£1.75m (could rise to £3m if targets hit) Adam Armstrong

£0.65 Ivan Toney

£0 Jesus Gamez

£0 Massadio Haidara

Loan Dwight Gayle

Loan Jack Colback

Total £45.1m (rising to possibly £51.35m if targets hit)

On these figures, Newcastle United have made a net profit of £20.6m on deals in and out, which could actually rise to £26.85m if both Mitrovic and Armstrong hit certain targets for their new clubs.

When Mike Ashley said Rafa Benitez could have ‘every penny’ to spend, just what exactly did he mean…?

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