MIKE Ashley is under-fire from Newcastle United fans for his lack of spending in the transfer market this summer.
Despite an influx of £60m from the new Premier League TV deal, the club has spent just £2m on a loan deal for Loic Remy, and recouped £700,000 of that on selling James Perch to Wigan.
In contrast, the likes of Norwich City, Southampton and Swansea have splashed out big money on players, particularly forwards.
But should fans be surprised? Ashley has long since adopted a cautious approach to spending money on new players, regularly turning in profits during the transfer windows.
In fact, our research below shows that in terms of transfer fees alone, the United owner has made £18m over his six years at the helm.
It illustrates that despite his personal wealth, Newcastle boasting the third highest attendances in England, and the riches on offer from playing in the Premier League, balancing the books on transfer activity – and making a profit – are key to Ashley’s philosophy.
So while they may buy again before September 2, it remins to be seen whether it will be at the expense of a major departure like Yohan Cabaye.
Given that most transfer fees are undisclosed these days, some of the numbers below are based on perceived figures from a number of sources at the time, and are approximate.
They are only for players that cost a transfer fee, and don’t take into account agents’ fees for Bosman signings like Demba Ba, nor loan fees that Newcastle has received when sending a player to another club to gain experience.
Ben Arfa (£5.75m)
Remy (£2m loan fee)