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[Football] Newcastle Utd made record loss during 2016/2017 season



Papa Lazarou

Living in a De Zerbi wonderland
Jul 7, 2003
18,834
Worthing
Newcastle admit they took a "financial gamble" to win promotion back to the Premier League, with their wage bill in the 2016-17 season the highest in Football League history.

New figures show they paid wages of £112.2m, almost double the Championship's other promoted clubs, Brighton and Huddersfield, combined.

Wow, just wow.

https://www.bbc.co.uk/sport/rugby-union/44171269
 


atomised

Well-known member
Mar 21, 2013
5,107
Makes a mockery of the line the press has taken of Rafa not spending much to keep them in the premier league
 


Gwylan

Well-known member
Jul 5, 2003
31,322
Uffern
It does make the Toon fans' claim that Ashley doesn't invest in the club look rather hollow. (I still think he's an appalling chairman but you can't say he didn't back his manager)
 


Gritt23

New member
Jul 7, 2003
14,902
Meopham, Kent.
And yet Rafa was bleating on in January about not being allowed to strengthen further. How does the FSW get talked about as a great manager? The guy is very average, at best these days.
 


Nixonator

Well-known member
Feb 8, 2016
6,733
Shoreham Beach
It does make the Toon fans' claim that Ashley doesn't invest in the club look rather hollow. (I still think he's an appalling chairman but you can't say he didn't back his manager)

I posted on one of their forums once, some kind of reference to Archer and Stanley. Got told I had no cause for complaint since they had Ashley :shrug:
 








Weststander

Well-known member
NSC Patreon
Aug 25, 2011
63,371
Withdean area
Cue a Rafa hating thread. An unlikely enemy of NSC since we threw away the title.

Their accounts/strategy follow the path which West Ham and QPR trod, to bounce straight back up by keeping almost all their best players and buying/borrowing additional quality players.

Ashley astutely went down that route, making Newcastle very sellable now.

Lerner at Villa and Short at Sunderland, did the polar opposite, refusing to pump in a penny more. The ultimate result being sales at huge (£100m’s) personal losses. That’s not going to happen with Ashley.
 




Normal Rob

Well-known member
Jul 8, 2003
5,644
Somerset
erm. So NUFC had by far the largest wage bill in the championship. Sorry, but wasn't that both widely talked about, and blimming obvious?
 




Westdene Seagull

aka Cap'n Carl Firecrotch
NSC Patreon
Oct 27, 2003
20,938
The arse end of Hangleton
Not much of a surprise. What's more surprising is that the URL shows the story under Rugby Union ???

EDIT - should learn to type quicker !
 






KZNSeagull

Well-known member
Nov 26, 2007
19,691
Wolsingham, County Durham
I don't get the idea that Rafa is an average manager. He did manage to keep Newcastle up, spending around £40m-45m in the process. About the same as we spent I think?

All to do with wages. Soccernomics will tell you that he underperforms. For Newcastle to scrape the title on the last day whilst having a wage bill more than twice ours would seem to back that theory up.
 


Papa Lazarou

Living in a De Zerbi wonderland
Jul 7, 2003
18,834
Worthing
I don't get the idea that Rafa is an average manager. He did manage to keep Newcastle up, spending around £40m-45m in the process. About the same as we spent I think?

All to do with wages. Soccernomics will tell you that he underperforms. For Newcastle to scrape the title on the last day whilst having a wage bill more than twice ours would seem to back that theory up.

Exactly - his spend this season is only part of the picture - NUFC started the season with a much more experienced and expensive squad than ours and Huddersfield's.

Is it too harsh to call them cheats?
 








Weststander

Well-known member
NSC Patreon
Aug 25, 2011
63,371
Withdean area
All to do with wages. Soccernomics will tell you that he underperforms. For Newcastle to scrape the title on the last day whilst having a wage bill more than twice ours would seem to back that theory up.

Totally agree. It’s been proven that wage spend bears the closest correlation to final league position, although obviously in a single season there are many variances (Leicester 2015/16).

My take on 2016/17 is that both Newcastle and Brighton were clearly the best teams, that we outperformed them based on wage spend, that the title was in our bands after the Wigan match, but we blew it at home to Bristol City (the key easier game).
 


Pantani

Il Pirata
Dec 3, 2008
5,445
Newcastle
Exactly - his spend this season is only part of the picture - NUFC started the season with a much more experienced and expensive squad than ours and Huddersfield's.

Is it too harsh to call them cheats?

Well they should be getting a FFP fine. I know they loosened the rules but I am pretty sure a £90m loss is above the limit.
 




Papa Lazarou

Living in a De Zerbi wonderland
Jul 7, 2003
18,834
Worthing
Well they should be getting a FFP fine. I know they loosened the rules but I am pretty sure a £90m loss is above the limit.

They'll only get the fine if they go back to the EFL
 





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