Newsletter

Get your daily update and weekly newsletter by signing up today!

Opinion

Worst ever Newcastle United signing – Joelinton £40m or Steve Bruce £6.5m? Vote now

1 month ago
Share

The question we are asking today is:  ‘Who is the worst ever Newcastle United signing – Joelinton at £40m or Steve Bruce at £6.5m?

Steve Bruce signed up on 17 July 2019 at St James Park.

Then only six days later on 23 July 2019, Joelinton swiftly followed him into Newcastle United for a fee of £40m+ from Hoffenheim.

Steve Bruce became the first ever manager or head coach that Mike Ashley has appointed in his 14 years at Newcastle United, who was at that moment in time, in charge at another club.

Steve Bruce also became the first manager (or head coach) where he (Ashley) had been willing to pay compensation to another club.

A prolonged period then followed after the initial headlines about Mike Ashley intending to bring Steve Bruce to Newcastle United, with Sheffield Wednesday insisting Bruce wasn’t going anywhere.

Steve Bruce and the other Steves (Agnew and Clemence) then forcing the issue by walking out on Sheffield Wednesday.

A conclusion reached though when it was confirmed an unspecified compensation fee had been agreed to be paid to the South Yorkshire club by Newcastle United.

Back in July 2019, it was widely reported that £4m compensation had been paid by Newcastle to Sheffield Wednesday for Steve Bruce, whilst others said that figure also included the two Steves, still others saying it was £4m Steve Bruce plus £1.5m for the release from Sheff Wed of the coaching staff.

Yesterday (Tuesday 9 March 2021) saw the latest accounts published for Sheffield Wednesday, these accounts covering up to 31 July 2019.

The Sheffield Star have reported on the new Sheff Wed accounts and a ‘Confidential Compensation Package’ is included, totalling £6.475m (£6,475,000) which was banked in that accountancy period by the Owls.

The Sheffield Star and many Sheff Wed fans believing that this amount of close to £6.5m is clearly the money paid by Newcastle United to secure the services of Steve Bruce and the other Steves.

Football finance experts have also stated that this payment is almost certainly compensation for Bruce and his coaches.

The Sheffield Star quote Dr Dan Plumley, a football finance expert at Sheffield Hallam University, who said about this mystery amount in the Sheffield Wednesday accounts:

“Usually it’s linked to the early termination of contracts. More often than not, when you see higher numbers in this it’s a player or a managerial contract.

“We obviously don’t know the full details, as it is stated, it’s confidential. But normally these things are related to contractual obligations for players or managers.

“It’s a payment to Wednesday for a settlement agreement, so in that regard you are safer to assume it’s the manager because it would be Newcastle covering the settlement fee of the terminated contracts.”

So today’s question is: What is the worst ever Newcastle United signing?

Joelinton at £40m, or Steve Bruce at £6.5m?

***Poll is now closed, please go HERE to see the results.

Share

If you would like to feature on The Mag, submit your article to [email protected]

Have your say

© 2021 The Mag. All Rights Reserved. Design & Build by Mediaworks