Day 4 of Relegation
By: j | May 27th, 2009It is only four days since Newcastle went down the dark and lonely streets of relegation to the Championship. While much of the public sat oblivious to repercussions during the campaign and for that matter sat on their hands in protest during a number of engagements at St James’ Park, only now is the impact being discussed openly.
The club is victim of massive mismanagement and gross under capitalization. However Newcastle’s tumble to the Championship is not a simple open and shout case where rebound promotion is guaranteed and far beyond recent situations such as Charlton Athletic and Leeds as it within an entirely different world economic climate. Far beyond the first moment back on the pitch, Newcastle needs to desperately trim what is one highest salaries budgets in the Premier to Championship revenue streams. This will require putting more than a dozen players on the auction block in an effort to sever upwards of £40m from annual budget while targeting £30m plus in transfer revenue. Unfortunately given the worlds financial situation, it is a “buyers market” and whomever is leading Newcastle must deal with highly treacherous terrain. Regardless if there is a well financed “white knight” waiting in the horizon to make an offer on the club, one of the first steps is cleansing the roster and getting it in-line with the new cash flow.
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Category: Team News
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Comments
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Who do you think should go J?
Posted from
United States
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Who do you think should go J?
Posted from
United States -
Is anyone concerned that we might not be able to offload most of these players? Who really is going to take on Coloccini and his 60,000 pound per week salary? And he doesn’t strike me as one who would be willing to take a pay cut to go elsewhere. The same goes for Barton and his 65,000 pound per week salary. At least the likes of Owen, Viduka, and Geremi are free agents. We might not have gotten anything for them, but at least their ridiculous salaries will be off the books.
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