Can Newcastle spend now PSR issues are fixed?
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- čas přidán 10. 07. 2024
- Less than a month into this summer’s transfer window, one crucial deadline has already passed as club’s scrambled to comply with PSR.
Amongst those were Newcastle United, so how did they find a way to balance the books?
And what is the situation at St James’ Park for the rest of the summer transfer window?
Ayo Akinwolere is joined by The Athletic's football correspondent David Ornstein and Newcastle United writer Chris Waugh to analyse a frantic weekend of dealing.
00:00 Intro
02:33 Newcastle & PSR
04:52 Newcastle’s strategy
10:49 Yankuba Minteh deal
14:50 Player welfare
18:46 Newcastle transfers
21:53 Elliot Anderson deal
25:35 Ambition of Newcastle
28:32 More transfers in the Dealsheet
33:50 Outro
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#newcastle #premierleague #transfers - Sport
Where was the FA's Fair Market Value scrutiny for NUFC when Ashley paid the club £1m per year for Sports Direct sponsorship (for over a decade)??? 🤬
I would like to know where Ornstein got that bs that Newcastle told Minteh would be in development squad from????? Eddie Howe had always said we wanted to look at him in pre season
What is the absolute rubbish.
Nufc lost their sporting director because Man U illegally tapped him up. The completely broken psr rules meant that Newcastle a team with zero debt had to sell young talented players whilst Man U a team with hundreds of millions of debt didn’t.
Selling those players went to the wire as the necessity to sell was ‘leaked’ to the press making their negotiating position impossible.
As for the sudden concern about ‘player welfare’ amazing how this is suddenly my an issue. Newcastle auctioned a player and sold him to his preferred club for less than was offered elsewhere.
Dont remember this concern being levied at Chelsea who invented this awful system of selling homegrown talent.
Disgraceful narrative driven hatchet job. Unsubscribed.
Chelsea have been doing it for a decade and some how racked up a Billion pound debt and Man Utd have over half a Billion ironically neither set of owners involed seemed to want to cover the debts either. Journs need to grow a set and start calling this out but they wont so they dont get cut off from their in the know tid bits of info tp keep their social media presence decent enough to justify their salary. Your sat there talking about basically slavery and give it 10 mins air time lads good effort 😂😂
tbf to the athletic they just did their job
Its not illegal to tap up a Sporting Director.
Enjoy your blood money
Tbh it was the accusation about threatening a player to leave that really got me! In all honesty Newcastle united should be informed about these accusations. This is deformation of character!
Cashworth wasn’t just digging up weeds he was in contact with other clubs whilst being on gardening leave that’s really shady and should be looked into
What i found remarkable was, when David Ornstein was spouting his nonsense about Newcastle United threatening players to go and how Dan Ashworth was unfairly put on garden leave for being a snake and trying to weasel his way to Manure United, Chris Waugh (supposed Newcastle fan), sat there and nodded his head like a little bitch!
You can literally see when Levy's words fall out of Ornsteins mouth.
💯 percent. Levy was the kid at school who would snitch you up just to get ahead.
He's such a schill.
seems like the premier league forever want us fucked over, 1m to sports direct every fucking season no one bats an eye lid, nothing ever happens for him never putting money into the club, and as soon as we do we have too much money, takes the club a fucking year to let us have it taken over and then we can’t spend because we aren’t allowed for reasons made up by them🥴
I think nufc were relying on better European performance, European qualification, almiron moving in Jan and Wilson and trippier leaving at the start of the summer window. Almiron said no to Saudi in Jan and the Saudi window hadn't opened by psr deadline. Shame minteh had to go, would have liked to see him in a toon shirt. Anderson leaving isn't the end of the world, good luck to him. Psr is a joke. Clubs without debt forced to sell prospects and key players. Villa heading into champions league having to sell. All the teams with psr issues are not in financial trouble, they're teams where owners are pushing for success that doesn't suit the likes of manure, Liverpool, arsenal and Tottenham. Psr should account for debt not just profit and loss. Manures debt is probably in the region of 3x what pif bought Newcastle for
I think you’re right. An easier group (so a few more wins) and qualifying for the knockout stages would have netted an extra £25-30M. Without the the crippling injury crisis they might have finished a few places higher in the league and had longer cup runs which would have been another £5-10M. They still would have been short but only by maybe £10-15M.
PSR was brought in to prevent another Portsmouth and in that respect I agree with it. It shouldn’t prevent an owner who can afford it from investing in their team though and it’s also had the effect of stifling competition and protecting the status quo.
Even though I believe owners should be allowed to invest in their team I don’t want unrestricted spending as it’ll mean the Saudis spending silly and offering ridiculous fees and wages like they are in the Saudi league as that just isn’t good for football.
I like the new spending cap (5 times the limit of the bottom teams TV rights), let owners top up revenue up until that cap then every side in the league (subject to rich owners) are on an equal footing.
There would be a risk that dodgy owners could invest in a club for a few years, ramp up the clubs wage bill on expensive signings, get bored and then walk away.
However, they could introduce rules that state if an owner wants to spend more than the clubs revenue they must place the entire transfer cost include agent fees, signing on bonus and the full wages for the entire players contract in an independent holding account which must be used to pay for the player. Then the worst situation for the club is they can’t afford to offer the player a new contract and the player leaves on a free.
The European qualification would have had no effect on PSR though because this is accounting for the season when Bruno and Tripps arrived.
@@psyseraphimIt’s accounting for the 3 year period from 21/22 until the season that just ended on 30th June. Any winnings from this season would have helped towards PSR
@@CC1984_ After the group was drawn nobody gave us a chance but usually a PL side qualifies for Europa at worst. The board didn’t know the draw when they made the transfers and reporters were claiming the club still hoped to get to the knockout stages
Typical Geordie mong. United haven’t been able to spend due to psr so how has it benefitted us at all?? Not to mention 90% of the debt coming from the Glazers taking over the club in the first place, we’re hardly Barcelona/Leeds
Clubs whingeing about these swap deals are likely the ones using legacy merch sales and in debt. None of the cubs involved are at risk of going Portsmouth so the deals and unwanted player movement wouldn't exist if PSR wasn't there in the first place
The only reason the big 6 clubs are whingeing about these deals is they prevented the vultures from picking off their best players at bargain prices. I say well played by all as not one profited from the rules they invented.
There is no integrity in our football finances, currently it helps the top 4 maintain the gap between every other club, shambolic and the tail wagging the dog
60 mill for Isaac 😂😂😂😂
Who’s Isaac? 😂 Isak 🤷🏽♂️
Isak
Psr is total bull
Yup nees scrapping right now
@@nathansmith4226 No, it is every year. It works on a rolling three year period.
So, when teams go bust left, right and centre and the Prem. is no longer the best league, then what?
Great question!
Thanks for bringing this up, it really makes you think about how they got their calculation so wrong.
New here. Not sure if I should subscribe. It was great then ornstein turned it into a Man U podcast. Is this normal going forward?
@@badofcheese thanks
Laughing at the sporting director comments.
2 words:
Paul Mitchell
Best in class
I thought this was about Newcastle not Manure?
Honestly who cares if we were in this situation. We all know the name of the game with ffp is to play games and pull as many tricks as you can out of your sleeves to get the most for your money. We see teams like chelsea, man city, etc play these games all the time and now we are.
I say until the owners give us a real reason to doubt them, just be along for the ride when it comes to ffp.
RE: NUFC, psr is a disgrace, it's all been a mess I really doubt minteh would be playing in the reserves had he not wanted to leave
I don’t believe for a second that Minteh was told that if he didn’t leave, he’d be stuck with the reserves all season. They’ve been pretty transparent in the fact that they don’t want to lose young prospects and also want a new right winger. They wanted to keep him but PSR got in the way.
Ayo's eyes when Chris said £50-60 million 😂👀
The Chelsea Villa deal is baiscly just a repeat from the prev. years. People forgot Chelsea bought Carney Chukwuemeka 22/23 for 18mil. Now Kellyman same age and almost like to like positions for 19mil. Only difference is that Carney had 300mins in the EPL. So its hard to argue Chelsea "overpaid". Or something is fishy with valuation of the involved players.
There’s always ways round it look at Chelsea and the 8 year contracts good on them for finishing ways round it
David isn't quite correct in saying that in any other industry a deal would be made to let an individual go. In the UK if an executive resigns to join a rival, usually they'll serve their gardening leave either until a) their full time replacement is found or b) the period of notice expires. It's not uncommon for exec level staff to have 12-24 month notice periods. It's also not uncommon to have restrictions on movement (say your new office, or in the vicinity of it) and restriction on who you can talk to (new employer, and their staff, your existing clients etc) to whilst on gardening leave.
What is unusual in football is the concept of a financial buyout for someone in this position.
Ashworth signed his contract knowing he had a 24 month notice period, and an £20m buyout. Ratcliffe appointed him knowing the same. Ashworth didn't have to leave, and Ratcliffe didn't have to appoint him to the role. Newcastle tried but didn't appoint a replacement. Ratcliffe publicly complaining about the situation only played into Newcastle's resolve, never mind Ashworth's behaviour before resignation and after being put on gardening leave.
Ratcliffe publicly claimed how unusual the situation is, however when he has appointed senior staff to work under him at Ineos, the process in the first paragraph has been followed. Why the media parrot his line is either a) naïve journalism, or b) purposely furthering Man Utd's agenda. If you want to see things done professionally and properly, compare how Man Utd / Ratcliffe have behaved in the past four months, and how Newcastle behaved when appointing Ashworth from Brighton.
Ashworth's challenge at Man Utd will now be being able to live up to the 'world class' hype that Ratcliffe has built him up to be. He certainly did not behave or perform in a world class manner at NUFC, but given the low bar Man Utd have had prior to his arrival, I guess anyone competent will appear to be a top table appointment.
Excellently put.
You've pulled the notice period and buyout sum out of thin air. Absolutely nothing wrong with Newcastle being obstinate about one of their execs joining a rival but this notion that Ashworth had strict contract exit terms that United were unfairly refusing to meet is a total fiction.
Do you have any source on the 20 mil buyout and 2 year notice period?
@@TheNightMammoth Thanks for correcting me on that. Genuinely appreciate the correction. As you say there's nothing stopping NUFC asking for £100m, or even saying, we'll just wait 24 months and pay you until that expires. Yet for Ratcliffe to claim it is unusual for a company to hold an exec level employee to their notice period is pure twaddle.
@@IndyMactavish I've done some digging after the question was asked, and I have to admit I'm wrong in my claim.
Player swaps, higher than average fair valuations, convenient deal time frame before June 30, academy players, all allowable by the PL. Begs the integrity, transparency and honesty as PSR regulations are circumvented. Some teams faced fines or lost points and lost money due to final PL standing. Further checks and controls are needed.
I'm sorry,. this is ridiculous. As a Brighton fan, we had to place Ashworth on gardening leave for 6 months because Newcastle pulled exactly the same shit to us... how is this only shocking now. Fuck me...
Minteh surely would have been in contention for a starting place in the team, particularly in his position on the right of a front three, so I think the idea he would have been in the development squad is questionable at best. It's a shame he had to be sold and we couldn't get other players out the door (e.g. Almiron, Wilson) beforehand. Anderson leaving is a shame as a Geordie lad, but £35m is a lot of money for him and another injury-plagued season aside, we have more cover in the areas he plays in.
1) What collection of idiots placed the PSR deadline in the middle of a transfer window? 2) How are clubs meant to make long-term plans when the financial rules change in some aspect every time the clubs meet? Does anyone in the administrative structure of the Premier League have a clue?
Maybe clubs should make smart choices and start moving players they don’t need and stop panic buying to appease the media
@@salemalsubaie9515 When has Newcastle panic bought anyone to appease the media. That's just absurd.
should end then season end but then no way to do that alot clubs done in PL this season whit sell players after season end.
PSR is solo job is to protect the 'big 6'. I'm glad to see the outsiders working together to overcome a corrupt system.
Yup its anti colpetetive and should the fans need to take this to the cma.
In order to implement any rule, including PSR, 75% of Premier League clubs must vote in favour of it. The "big 6" cannot enact rules on their own. Why would 9 other clubs vote in favour of a set of rules that exist specifically to hinder them?
In the 10 years since FFP/PSR has existed, three "non big 6" teams have qualified for the Champions League, in the 10 years before FFP, only one did.
@@MichaelH3948 When it stops them from investing in their team then they will vote, leeds and aouthampton are fkd by it as well.
Wasn't that one club Arséne Wénger's Arsenal@@MichaelH3948
Protects the big 6 by also forcing them to sell academy players to buy 🥴🥴
Psr is ruining the game and not fit for purpose
Yeah let clubs alow to do what ever they want because they don’t like it
Does this reset PSR? Like do we not have to worry until 28/29 or is it rolling so same time next year we may have a problem?
@@MicHunt1 we have the same nightmare every season under these ‘protect the 6’ rules. 😩
It's rolling, next year the accounting period will be for 2022/23, 23/24, and 24/25.
@@MichaelH3948 That’s what I thought but so many conflicting stories 🙏🏻
No we dont need any more rules around sodding transfers its daft enough tp start with
Completely agree with your view of psr David
Amazing how Chelsea come up and no mention of hotels and training grounds being sold to themselves.
Change the rules so that to register a player the buying club have to provide full breakdown of the costs of a transfer. So, how much is being paid to selling club, player, agents plus any other 3rd parties and when they are being paid. Then both the selling and buying club have to reflect those costs in the club accounts.
Bizarre that clubs in massive debt like Man Reds can spend whatever they like. PSR is just a way of funneling good players to the Super league clubs.
This interview made sense when it was about Newcastle, and nosedived when it became about Nooocarsullll (and then greater Manchester reds)
United are a big club that brings in a lot of money. It ain't that hard. But not surprising that simple maths is beyond certain people.
Man reds can’t spend whatever we want. We are massively hamstrung by previous poor spending. Although we have huge revenues despite the debt which was loaded on the club in a now illegal business deal
The £105 million limit needs adjusted for inflation. The price of players has increased but the limit has not
The 105m limit is stupid. You have profit and sustainability rules or you can lose 105m. Both is nonsense
Ornstein can say what he wants about poor Dan Ashworth not being able to work after going behind Newcastles back but if Man U had went through the correct channels and offered decent compensation for him there wouldn’t have been an issue.
When the owners are consistently telling us we have to be careful about PSR then overspend by 60 million it’s a bit hypocritical
Some ridiculous claims from these guys, they act like they have a spy in every club and know exactly what is going on at all levels.
While they are posting articles about clubs activating bruno's release clause after it has already expired, and saying we are looking at goalkeepers after we have already signed two.
Segment with a Newcastle United journalist... Ends the segment by talking about Man U transfers.....
Yea it’s put me off subscribing. Poor effort tbh
Because United are a much bigger club than Newcastle
@vincentegbarin4801 Man U are only a big club because the Premier League ALLOWS it by constantly protecting them. Without Big Daddy Premier League protecting their favourite little Princess, Man U drop into obscurity. As a club they're nearly done 😂
@@vincentegbarin4801United are Newcastle.
@@vincentegbarin4801Peterborough United aren't a bigger club????
Utter tripe this, in one breath you said they’ve been working on it for weeks and in the next you say they’re scrabbling round in a couple of days. YOU are creating the panic for fans, no one else. The level headed of us know deals rarely get done until the last couple of days anyway.
The two can simultaneously correct.
Not sure you really have your fingers on the pulse of the Toon faithful, unless it's just me who's the optimist. I think Newcastle have done a fantastic job given whst they're dealing with; the EPL constantly trying to change the rules to thwart anyone challenging the septic six, a backstabbing Sporting Director on gardening leave, the search for his replacement and a barrage of propaganda from Man U's new crybaby billionaire. Despite all that, it appears the Toon avoided a points deduction. Well in, Mandy! Well in!
A lot of the fans are just saying why are people not happy about the situation being negative about this but it’s not negativity it’s just how lucky we were to get away with this
Can we get a video on Villa please? Tonnes of transfer business done and a lot of players have come on since the start of last season, not to mention the PSR challenges
Begging it.
My God you can almost taste the salt oozing from these jokers with regards to Newcastle. Please cite your source for telling him he would be playing in the u21”s . Teams with debt should be hit hard
His source his jim ratcliffes bank account obvious what's happened paid off
Ornstein, why not just admit it, teams were collaborating to beat PSR rules.
Don't blame the clubs, blame the Premier League. That is where questionable integrity should levied.
The premier league IS the clubs. 😂
@@danielberry4765 No, they are driven by the PL executives to do what they are told by the Cartel with the threat of the Superleague. It's been happening for years.
Just listen to Simon Jordan who is hardly pro Newcastle who clearly stated that the Cartel were controlling the narrative to pull up the drawbridge to stop any other clubs joining them.
@@andyh323
The Premier League is a members league where votes are decided by the CLUBS.
They make all the decisions via vote.
If you don’t like what the PL is doing, only people to blame is the clubs.
You’re clueless
could the psr drama be because we didnt make Euro comps. i think that man u knocking us out of europe caused this weekend
Thank god we've not had to sell Almiron 🎉
Probably not the FA will find another way to stop teams competing against the golden clubs
Man U, same circus different clowns but all their fans and journalists will tell you its different.
Thought it was about the Toon but Ornstein hijacked it to talk about Man Utd
All because of PSR & FFP, all to protect the shifty 5 and Spurs.. It's grossly unfair that a club has to sell young talent. Can't spend and invest in the team. We had no saleable assets, Hendrick, Hayden, Fraser.. etc are worthless.
Them pesky rules getting in the way huh
It appears Newcastle overspent by £60M, or the cost of Alexander Isaac. Admittedly it's been a mess but ultimately we've got back or outlay for a net spend of £7.5M and AI is now worth £120M plus. We've turned £7.5M into £120M.😊
Go back to school lad
@@artanlimani6887 Please explain the error in this logic. I'm curious.
Thanks for not answering the question in the title whatsoever and proceeding to talk about Uncle Jim's Manchester Reds (again). What a worthless 34 minutes of pure waffle
PSR is not fit for purpose - scrap it. If it doesn't happen get the lawyers in. Football is a business and investment is up to the owner not a Cartel. UK business law trumps any EPL rules.
Watching this whilst reading Barcelona have accepted a raised offer for Raphina from Newcastle 😂😂😂
Different accounting season. Did you not listen to what Chris Waugh said about the 21/22 accounts dropping off Newcastles PSR calculations?
@@andrewcharlton6080 yeah I did thats point of psr being so pointless 24hrs panic and next day the club can just throw more money about it hsrdly seems worth the drama if thats the outcome does it... its not like psr has stopped nufc from going right lets just throw more money at Barca
@@rocketiain84 PSR is a joke but it wasnt brought in to try and stop a club like Newcastle from spending money that the owners can obviously afford, it was brought in to prevent another Portsmouth. Somewhere along the way it changed and now doesn’t do what it was supposed to do and is no longer fit for purpose.
@@andrewcharlton6080don’t be so naive there have never been as many rule changes in the premier league that we saw once Newcastle had been taken over, the club has been hamstrung the entire way along
@@andywoodland2753 What did I say that makes you think I don’t already know that?
I’ll say it again, PSR wasn’t introduced to prevent a wealthy owner from investing in their club, it was to prevent another Portsmouth from occurring.
It turned into something different, it now actively prevents competition to protect the “big 6”
I have nothing against the new spending cap as that does promote health competition IF clubs are actually allowed to spend up to the limit regardless of their revenue. That’s not going to happen though
An important factor these guys 'forgot' to mention is that the Guimarães release clause expired a mere 6 days before the PSR deadline. If this clause was triggered it would have generated £60M - £67M profit. As it happened any deals done after June 25 were always going to appear to be a bit chaotic.
Hopefully, this crap only serves to get in the way.
So we can spend?
Mitchell signs today and this shows you guys didn't have a clue. How's that for your "optics"😂
Logan Costa
Arouna sangante.
RCB options.....
No mention of the fraudulent valuations?
Ornstein is clearly on the Utd payroll 😂 is he “best in class” too?
Clubs are learning from Chelsea
Turned off after the Minteh in the reserves comment 💩💩💩
Hah what a clown ornstein is, also £60m for isak? We paid £63m for him. The ignorance of these chumps. The guardian newspaper of football podcasts, not a compliment by the way 😂
Newcastle fans must love hearing about all the appointments and moves being made at my beloved MUFC
We really don’t care. We are kinda focusing on our club.
@@SleeplessPufo your small club
@@SleeplessPufothe comment section clearly suggests otherwise lmfao
Which club joined Newton heath to form united? They should do an interview about that.
Its a disgrace psr
David quoting a lot of here say and not much truth
Nothing shifty going on... nothing to be seen... move along! 🤣
Nice anti Newcastle podcast. Talking about player welfare and forcing Minteh out - players have had the choice to move or play in the development squad/reserves for years. 1 min in and Ayo saying £60m for Isak - come on man, we paid £63m and he's set the PL on fire, he's worth £100m+ at least!
Ornstein you have lost the Newcastle fans!!! NEVER LET THE TRUTH GET IN THE WAY OF A GOOD STORY, what a prat!!!
Yeah! players "treated like a slave" Please come back to planet earth - name a slave earning over a million a year. Stop the "poor players" rant, these people are amongst the most privileged young men in the world
Great job by Ashworth 😂 please feel free to enjoy his mediocre performance Man Utd 😂
The set of “best in class” will be complete when they find an excuse to replace EtH with Southgate 😂
Let’s all hope this happens. The meltdown will be eye watering 😅
Well done Ayo. At last someone has the balls to ask how NUFC got themselves into this mess. It’s amateur beyond belief. The club need to explain. 😩
Totally agree
A certain rat didn't do shit properly these past 2 years clearly
They risked spending more in the hope they’d do better in Europe, have better cup runs and finish higher up the table. They could have easily made up £50M if they got to the knockout stages of CL, top 4 in the prem and some luck in the cups.
It was a gamble and it backfired but they have to take chances or they’ll never catch up “big 6”
@andrewcharlton6080 no they wouldn't have barely got anything the payouts for CL are skewered by history finished the same as us (and performed arguably much worse) and got WAY more money because of something they did over a decade ago...
Doesn't change that ashworth was incharge and clearly had no idea what je was doing to lead to this does it? The whole email fiasco, tonali he's literally terrible
@@CGCentralHD hear, hear
Blaming psr when newcastle knew what the rules are
Not quite. The rules were changed when the Newcastle takeover went through to restrict sponsorship revenue. This is was a deliberate act to prevent cooperation.
Also - it was perfectly fine for the club to be ran into the ground with no investment for 15 years 🥴
They do and they should have been better prepared but it still true that the rules are outdated and no longer fit for purpose.
Classic closing the gate after the Man City horse has bolted
bad journalism, one sided propaganda
In other works is not football he signed a contract and he knew the terms. David accused NUFC of player welfare but gave no evidence just said reports. And where has man ure information come into this. Absolute joke unsubscribed
Such a unacceptable slanted podcast . .. what about the tapping up , Salah a slave too ? Utd a billion in debt ? Nufc are a well run professional club with happy players and we turned Gordon into a star.
Scares me the idea that the 100m sell on clause on Bruno G was actually what the executives wanted
If he didn't have the clause a club could have bid say £80 million and unsettled him. With a £100 million clause there is an agreement in place meaning that any bid under that can be rejected without fear of the player being unsettled.
If Villa didn't have the release clause in Grealish's contract, I doubt they would have got £100 million for him but they'd probably still have to let him go if it was a club he was interested in joining.
They’ve said since the start that they will need to sell important players for big profit to recycle into player purchases. How else can you expect Newcastle with a £300-350M revenue to earn enough to compete with teams earning £500M and above.
The plan has always been to buy players like Bruno sell them for 2-3 times their purchase price and then buy another 2-3 players of Bruno’s quality. That’s the only way Newcastle will be able to build to become a top side under the current financial limits.
I never doubt anything you've stated,i its nothing but the obvious. It concerns me the idea that its used to justify but the fact it didnt happen and still meeting PSR and also because there could be other better ways to resolve it especially given Bruno G’s importance but also particularly the manner and situation the club got themselves to in selling in position of weakness does noy convince me the club is run at its best
My scared comment was focus on how Bruno G was going to be the lazy way to resolve the incompetencies in how the executives managed their financial situation rather than better planning. And once the deadline passed, it only kicked into action the things they coould have done earlier because their most easiest route did not happen
And also my scared comment was because it could have been Bruno G out, and we keep Anderson and Minteh never knowing there was another alternative and we justify thats the best way because they've just stated the obvious. I rate Minteh potential very highly but Bruno G is the talisman
All the salty Newcastle fans 😂
PSR is just stupid
What utter biased rubbish.
Nobody told Newcastle to spend £70m on Isak which no other club competing with them could do.
Normally like the athletic but this cast was utter 💩
They owe the fanbase an apology, imo ! It should have never gotten to this stage !
Edit: The points would of been better to take imo
PSR is top 6 joke