Unforgivable new transfer figures emerge – Mike Ashley asset stripping at its finest..

As shared by @NUFCBluestar, Newcastle have a net spend of -£60m since 2016/17 – a figure that is dwarfed by Premier League rivals and several Championship contenders.

The chart below highlights a net spend of -£30m, however this table was put together BEFORE Ayoze Perez’s £30m move to Leicester went through on Thursday afternoon.

Here’s what Newcastle Blue Star revealed on Twitter following their research, showing a spending table that is a must-read for any fan up and down the country who attempts to defend Mike Ashley’s investment at NUFC:

“Please take a moment to have a look at this.

“To all journalists that believe Mike Ashley is misunderstood, this is a list of our closest rivals and a few Championship club’s spends over the last 4 years. This is our competition. Notice anything? No issue?”

This is a figure trumped by few sides in any of England’s top two tiers, with the likes of Brighton and Wolves having a positive net spend of £157m and £170m respectively – showing a totally different level of ambition and financial muscle since their promotion, despite the fact both are smaller clubs.

It was never a valid excuse in the first place given he was a big part of the reason we went down, but there is absolutely no way he or the club can play the “we are trying to be ‘financially stable'” card after feeling the impact of relegation.

We’ve now spent over two years earning Premier League cash, huge TV money (we’re on the box MUCH more than most in our position) and our gate money is high with 50,000 consistently filling St James’ Park, yet the likes of Fulham (+£103m), Huddersfield (+£83m), Stoke (+£83m), Aston Villa (+£72m and Cardiff (+£55m) have a hugely superior net spend to ourselves.

Where’s the money gone Mike? He knew he could get away with it when we were ‘recovering from relegation’, but some of this is inexcusable now we are (he is) earning £120m a season in the top flight.

  • Mitrovic OUT (£22M) – Rondon IN (Loan)
  • Merino OUT (£12m) – Ki Sung-yeung IN (Free)
  • Perez OUT (£30m) – ?????????!
  • Thauvin OUT (£10m) – Atsu £6m / Kenedy (Loan) IN
  • Sissoko OUT (£30m) – Diame IN (£4.5m)
  • Wijnaldum OUT (£25m) – Hayden IN (£2m)

And to think they had the audacity to tell Rafa he’d get every last penny generated to spend – especially so soon after giving Steve McClaren £80m over two windows.

A spineless bunch of con artists who don’t even bother to come out and lie now, they just leave us in the dark and refuse to communicate.

This time, however, I feel fans are ready to take a stand and say enough is enough after what has been one of the most shambolic summer windows in the Ashley era – and that’s saying something!

(Fancy writing for us? Send any articles/ideas over to us at NUFCblogsubmissions@gmail.com & we’ll get back to you!)

About Olly Hawkins

Olly has been a Junior Magpie from birth. As a season ticket holder and avid Newcastle United fan - he eats, sleeps and breathes all things NUFC.

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