Mike Ashley imposes transfer spending limit on Newcastle

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Mike Ashley imposes transfer spending limit on Newcastle

February 27th, 2009 · 1 Comment

Toon billionaire reveals his pockets are not bottomless

Mike Ashley - who showed his inner Geordie by donning just a shirt in the stands last week - has revealed Newcastle’s spending budget will be limited to £15m this summer.

The Sun call this “a far cry from the days when the club shelled out a record £16m for striker Michael Owen,” but according to The Spoiler’s resident maths expert, it is in fact a difference of £1m.

Newcastle fans may be worried about the belt tightening, but they should be much more concerned the mathematical nous of managing director Derek Llambias:

“Are we going to be a Manchester City? No. Mike’s a billionaire and a very wealthy man. Can he afford to do £20m a year? No. £30m? No.”

If he can’t afford £20m, does it not go without saying that he cannot afford £30m? Sitting at the negotiating table with Mr Llambias must be a very tiresome experience…

Tags: Derek Llambias, Mike Ashley, Newcastle, Transfer Budget

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Posted: February 27th, 2009 by Ryan Bailey

1 response so far

1 Spot The Zebra // Feb 27, 2009 at 10:36 am

Contrary to popular belief most Newcastle fans im sure would be happy to have “only £15 million pounds” spent on the squad this summer.Going off the last three transfer windows i wont hold me breath though.
This is more PR from the club because they have only just realised the fans will throw in the towel this summer and not renew season tickets.
Its just a shame Ashley didnt make this transfer spending plan clear to Keegan last year.Im sure Kev wouldve still been at the club if he was given this amount and was allowed to spend it on players HE wanted.