Magpies receive financial boost ahead of reopening of the summer transfer widow.
Newcastle United managing director Derek Llambias has told the club’s supporters that the Magpies are once again in a strong financial position and as a result, will be able to add to their first-team squad with new players at the end of the season.
The North-East giants had dropped out of the world’s top-20 richest clubs for a time after they had been relegated from the Premier League, however, since returning to the top flight, their financial results have improved significantly.
Newcastle actually made a profit for the 2011-12 campaign of £1.4 million, while their turnover continued to grow to reach £93.3m in the same period, sums which then allowed head coach Alan Pardew to bring in the likes of Frenchmen Mapou Yanga-Mbiwa, Yoan Gouffran, Moussa Sissoko, Mathieu Debuchy and Massadio Haidara all to St James’ Park during the recent January transfer window.
And Llambias has now confirmed that Pardew will be given cash at the end of this season to attract yet more quality players to the club.
“There will be a spend in the summer,” Llambias told BBC Newcastle.
“There are areas we need to work on, certain players will leave and will be replaced and there is trading.”