Even though the 5pm transfer deadline has passed, Federico Fernandez is still set to sign for Newcastle United.
A ‘deal sheet’ was handed in by 5pm and this gives Newcastle and Swansea an extra two hours (until 7pm) to complete all the necessary paperwork.
The central defender flew up earlier today to Tyneside and is set to be Rafa’s final signing of this window.
The fee is reported to be around the £6m mark by Sky Sports.
Keith Downie of Sky Sports on Federico Fernandez deal:
“He flew up earlier today and he’s still going through the medical.
“The deal sheet has been handed in and the medical is going OK.
“Fernandez should be a NUFC player.”
The Deal Sheet explained by Sky Sports:
Should top-flight clubs submit a deal sheet by 5pm, they will have until 7pm to complete the deal with the use of a ‘deal sheet’.
What is a deal sheet, I hear you ask?
If a club agrees a deal at the last minute, it might not be easy to get all the paperwork completed by the deadline.
The deal sheet allows a club to confirm a deal has been reached and provides them with additional time to submit the remaining documentation.
The Mag – Earlier today (Thursday 9 August 2018):
Argentine international Federico Fernandez is signing for Newcastle United.
The Magpies tried to get him on loan at the end of July but Swansea had no intention of letting a first choice player go out, unless it was a sale.
The 29 year old then playing the full 90 minutes as Swansea won 2-1 at Sheffield United in their first Championship game of the season.
Newcastle instead trying to get Marlon on loan from Barcelona, only for Sky Sports to report that attempted loan deal failed, presumably because of work permit issues.
Instead, the broadcaster say Newcastle will now be paying around £6m on transfer deadline day for Federico Fernandez, presuming everything is ok with his medical.
A small victory for Rafa Benitez in his attempts to be backed in the transfer window.
With Serie A experience and four years in the Premier League with Swansea, Fernandez looks a solid signing and arguably one that was desperately needed with Lejeune set to miss all/most of the season.
The Mag – 30 July 2018:
Monday morning brings reports that Newcastle United have had a bid for Federico Fernandez turned down.
The Argentine international central defender was the subject of a Newcastle approach according to the Chronicle.
They say that their information is that NUFC went to Swansea wanting the player on loan, whilst the Swans wanted £10m…
With the shocking position Rafa Benitez has been put in, in this transfer window, you can believe just about anything is possible when it comes to transfers.
The Newcastle United squad left short with Chancel Mbemba’s departure and Florian Lejeune’s shock injury, Paul Dummett can also play at centre-back but Newcastle have nobody else who can play left-back (Manquillo not good enough).
With no cover for DeAndre Yedlin either (apart from Manquillo…), it only leaves Rafa Benitez with five fit defenders who are up to the job: Lascelles, Clark, Yedlin, Dummett, and Schar – if he proves to be able to handle the Premier League.
Federico Fernandez was an £8m buy from Napoli back in 2014 and has been first choice with Swansea for the four seasons, including this last relegation season when he started 30 PL games.
Like the injured Florian Lejeune, Fernandez is a commanding centre-back (6ft 3 tall) and looks a decent option if Newcastle could sign him.
However, this is Newcastle United and with such limited funds and so many positions needing strengthening, little wonder that Rafa Benitez has been forced to try and loan him.
At normal clubs, it is usually the Championship club loaning a player off a Premier League one, not the other way around!
What would Swansea have to gain from loaning out a 29 year old established first team player?
He would then go back to them aged 30 and with a falling transfer valuation.
Common sense tells you that they would surely only let him go if it meant they then had funds coming in to help fund a promotion push now.