The takeover ambitions of Newcastle United could be helped by the fact that the Tyneside club are owed £48m in transfer fees following outgoing business in recent windows, according to ChronicleLive.
As per the report, the latest accounts reveal the considerable sum, with deals such as the £27m sale of Aleksandar Mitrovic to Fulham and Adam Armstrong’s move to Blackburn, which could rise to £3m, thought to be amongst the transactions which contained staggered payments. Previous big sales back in 2016, including Moussa Sissoko and Georginio Wijnaldum to Tottenham Hotspur and Liverpool respectively, are also thought to include instalments.
Indeed, this sum of money could help the Magpies in the upcoming summer transfer window if the prospective takeover in the northeast is to be completed. While the Saudi-led consortium may already have enough cash to spend on their own, an additional £48m should not be overlooked as they can use it to their advantage.
Providing that they stay within Financial Fair Play (FFP) rules, the handy kitty could be utilised whenever the would-be owners need a little bit extra to sweeten deals on both transfer fees and wages. It would not exactly come directly from their own pockets either, but moreover from the club themselves as it is what they are reportedly owed before the proposed buyers settle in at St. James’ Park.
Amanda Staveley and co could use this to their benefit if they want to get ahead of the potentially big spenders in the market, despite the financial impact that the coronavirus pandemic may have had when the window opens.
Can Newcastle attract the biggest names in the market after the takeover?
Nevertheless, the financial additive could hugely help Newcastle in fulfilling their post-takeover ambitions.
Geordies, do you think the extra funds will be needed in the market? Comment below with your views!
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