Football finance expert shows Mike Ashley lack of Newcastle ambition with inflation adjusted transfer spending
Earlier this week we published the total Premier League net spend of all the top spending clubs.
The figures covered the entire Premier League era.
Running from 1992 up to 2018, the latest available figures.
We then published the total Premier League net spend of all clubs with football inflation factored in.
With football inflation factored in, it showed Mike Ashley dragging Newcastle United down to 12th in the adjusted net spend table, only a fraction above Crystal Palace and way behind the likes of West Ham, Stoke, Leicester, Villa, Everton and the rest (See all info and both tables HERE).
The info and tables came from Kieran Maguire who lectures in football finance at Liverpool University and also has his own Price Of Football website.
Now he has posed the question:
“Has Mike Ashley invested since he acquired Newcastle?”
Then answered it himself…:
“Taking into account football inflation since the Premier league started (increase in income).
“Newcastle United spent over £100m a season seven times before Ashley bought the club at the end of the 2007 season, but only once since then.”
Ignore the 1998/99 stat (£324m) as it is an obvious error.
The seven pre-Ashley seasons that Kieran Maguire is referring to are the other seven £100m+ ones, as compared to the sole 2015/16 one under Mike Ashley when NUFC went down.
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