The Chronicle’s Chris Waugh has written a piece today on the money set to be at NUFC’s disposal this summer, suggesting that Rafa Benitez COULD receive a transfer kitty in excess of £60m – plus money received from player sales.
I know what you’re thinking ‘haven’t we heard this before!’, but this comes in response to their big piece last night, with Lee Ryder revealing that Mike Ashley is now prepared to hand Benitez the funds required for a summer spending spree.
Chris’ piece today has examined how much the club look set to receive from a top 10 finish, as well as the amounts gained from facility fees, Premier League sponsorship and TV deals – both domestic and overseas. The total looks set to be around £120m (gained by the club), but Benitez is expecting to receive a ‘significant portion of those funds’ according to the Chronicle.
Here’s a snippet from Chris’ latest piece on the financial situation at the club, highlighting how much we are expecting to receive at the end of the season:
“If Newcastle were to finish in their current position of 10th place and receive their £21.3m performance-related bonus, then Newcastle would likely earn roughly £120.9m this season.
“That is a figure which is well in excess of double the roughly £50m they gained last season.”
With just £50m gained last season and well over double (£120m) set to arrive this summer, let’s hope Ashley is feeling a lot more generous.
With this in mind, Chris then goes on to suggest how much of this could become available to Benitez this summer:
‘Probably not all of it, no, but the Spaniard will certainly demand a significant portion of those funds to spend.
‘Throughout the course of the season, Benitez has repeatedly stressed that he believes Newcastle will be able to “compete” in the transfer market during the upcoming off-season – unlike last summer – if they were to survive.
‘The soundings out of St James’ Park are that Mike Ashley is willing to free up funds for Benitez to spend this summer – so, if even just half of the money Newcastle receive from the Premier League is made available for transfers, then that would be more than £60m for the United manager to invest (plus players sales as highlighted in Lee Ryder’s piece last night).”
It’s all guesswork with regards to how much of this £120m Rafa will receive, but do you feel around £60m plus player sales would be adequate?
With Mitrovic likely to demand at least £20m and 5 or 6 other players set to be sold (Mbemba, Saivet, Colback, Sels, Lazaar, Darlow), it’s possible, in theory, that a total of around £80-£100m could become available.
IF (and it’s a big if) this was the case, would you be happy?