Speaking on talkSPORT, Simon Jordan has made the bold claim that Newcastle “have not got financial fair play constraints” following the arrival of Alexander Isak for a club record of £58m fee.
After spending over £200m across two transfer windows this year, the radio co-host was quick to question whether or not the club are actually restricted by FFP regulations – which has been heavily suggested all summer.
He even claims that we could “easily” spend a total of “£300m or £400m” and STILL not be troubled by FFP – although I suspect our new owners are far more wary of breaching the rules based on our ambitious yet pragmatic approach to transfer dealings.
Jordan also believes that, despite Mike Ashley’s unpopularity, “Newcastle was never in any jeopardy and the balance sheet was always quite strong” under the former owner.
For all the negatives brought about by the Ashley ownership, the one positive was that, on a purely financial basis, the club was always in a stable position, giving the PIF ownership a fairly decent starting point to build on.
“Newcastle are not carrying huge losses. They will not be constrained by financial fair play.
“They have the ability to make decisions that will three years in the making of ramifications if they get it wrong.”
“They are going to spend money, they’ve just spent £200m.
“Whatever the reason is, whether Callum Wilson is injured or not, you haven’t got to spend £60m, you can get someone on loan. It’s because they’re building and they’re right to do so.”
“So they have not got financial fair play constraints, they could easily go and spend £300m or £400m and be in a position to not be constrained by FFP.”
While it appears our budget is bigger than what was first thought in the early weeks of the window, spending £300-400m, like Jordan suggests, would certainly have ramifications on our future spending and limit us going forwards.
