Eddie Howe has attempted to explain why the money that was available to spend on Marc Guehi last summer is not sat waiting to be spent this month.
Frustrations around PSR amongst the club and fans alike are continuing with it not even being entirely clear to the Magpies gaffer how the system works as whole, meaning the circa £50m that was allegedly available for the Crystal Palace defender has had to be shelved.
There has been talk of Kieran Trippier, Martin Dubravka, Sean Longstaff, Harvey Barnes, Callum Wilson and Miguel Almiron leaving this month to accrue funds to reinvest this winter, but with Miggy the only Mag seeming likely to depart as things stand, it feels very possible that we don’t bring anyone in over the next two weeks.
Howe attempts to explain Guehi confusion
Speaking to Howe in a recent press conference, Dominic Scurr of the Shields Gazette asked the boss if he could help clear up why the cash put towards big-money bids for Marc Guehi in August does not appear to be freely available.
A tricky question to answer given the complications of PSR and Howe’s reluctance to talk transfers, but the gaffer did his best to explain the situation:
“I’m not going to sit here and explain PSR because I don’t even understand all of it,” said Howe. “It’s not as clear as everyone will make out, there’s not a pot of money there that’s waiting to be spent. It’s all about the 30th of June and making sure you comply by that date, so obviously if you spend money then you have to recoup it.”
Essentially, if that money was spent in the summer then we would have had to recoup it this month. So, if we now want to sign in January, we have to balance the books ahead of the June deadline – that appears to be the case, at least.
Newcastle clearly wary of June deadline
We were backed into a PSR-induced corner last summer with the only way to force ourselves out of it being selling two of our top young players in Elliot Anderson and Yankuba Minteh. Frustrating, though a relief not to lose any of our ‘key players’.
Quite frankly we made a mess of it last year and we’re clearly wary of being repeat offenders. We know we must sell to sign and don’t want to be forced into a position where we have to sell a talent we would rather keep at the last minute.
It’s vital we don’t spend money we don’t have and risk a points deduction, or losing all bargaining power if clubs swoop take advantage of our position and swoop in for our elite players.
The club are taking the P!!!
Steven Pearn(Quote)
Well where do I start the money for guehi was never there all speculation.The media reporting on false claims of transfers is idiotic at the best of times and psr rulings are unlawful in many ways and the big six shareholders have got clubs tied in knots cos it’s not in their favor for a new club to win anything specially Newcastle United.Now if Newcastle are going to grovel to the rules there needs to be changes and that includes the Bournemouth boy and long Bournemouth fan who go the sixth time changed tactics and formation this guy wants investigated.As for Mitchell he will be the downfall of the club and our best players will be gone for profit.I’ll give you a simple answer Mitchell get rid of your academy get rid of the girls side feed the money into top players get rid of your deadwood by canceling contracts on long term injured players and bring in a pay as you play cos that stops a lot of dodgy sick notes and lastly look for a manager who is loyal to toon fans cos after Bournemouth I question his honesty to be the toon coach.
Jkay(Quote)
It doesn’t make sense. He says “It’s vital we don’t spend money we don’t have” yet that’s exactly what the club proposed to do with the transfer of Guehi when there was “no pot of money”! It seems the plan was to finance that transfer by selling a player or players later. And given the size of the Guehi fee, probably one of our top players.
Rotobob(Quote)
Rotobob(Quote)
He says “It’s vital we don’t spend money we don’t have”, so it seems the plan was to finance the Guehi transfer by selling a player. And given the size of the Guehi fee, probably one of our top players. Wonder who!
Rotobob(Quote)
How can the chairman of Chelsea spend over 1 billion pounds on players over the last 3 years and doesn’t seem to break PSR and we have a better ground with more supporters and we cannot even spend 25 million on one player. How the hell does that work?
Shaun Hope(Quote)
PSR allows for 105m in losses over 3 years. We lost a lot the first two years after the takeover, so that is why we had to sell Minteh and Anderson before the end of June to make a modest profit last year and avoid having losses too high over those 3 years. If we make a profit again this year, we should be able to spend significantly this summer as the first-year loss is no longer counted towards PSR. As for Chelsea, they have way higher revenues and have sold lots of players (including academy players) so it gives them way more leeway for buying players.
GP(Quote)
Chelsea were allowed to sell their women’s team back to
Themselves for a reported £150 million and did the same with a hotel on site .. prem league cartel
Mike(Quote)
Why employ Paul Mitchell all he has done in his tenure so far is to sell our stars and to rivals eg,Mintah Anderson .When is he going to earn his.high wages .
Joseph Peart(Quote)