'This is worrying' – Newcastle fans react on Twitter after club finances are revealed
By Danny Wright
Newcastle supporters on Twitter are worried about the future of their club after last year’s financial report was published.
Many fans aren’t sure if they will be able to keep Rafa Benitez at St. James’ Park next season if he is unable to splash the cash on new signings.
The club announced on their official website that their debt rose from £80.7million to £127.3million between 2015 and 2016 and profits plummeted after their relegation from the Premier League from £32.5million to £4.6million.
Newcastle spent a lot of money last season trying to secure their place in the top flight with the purchases of Florian Thauvin, Georginio Wijnaldum, Aleksandar Mitrovic, Jonjo Shelvey and Andros Townsend.
The club spent a net £70.7million on the signings which failed to stop the Tynesiders from dropping to the Championship.
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The Magpies strengthened further in the summer, despite their relegation and worrying financial state, by signing the likes of Dwight Gayle, Matt Ritchie and Ciaran Clark.
Fans took to social media shortly after the statement was released to give their views.
Here is a selection of tweets from the Toon Army:
So looks like Rafa won't be given much #nufc
— bobby martins (@BobbyGoa) April 6, 2017
#nufc's finances & warning for next year isn't surprising. Investment is needed in the summer. Only 2-3 players good enough as things stand.
— Daniel White (@danwhitepr) April 6, 2017
— Paul (@TheToonReview) April 6, 2017
If Rafa doesn't get the money to spend next season he leaves, simple as #NUFC
— Twiggy (@twiggyiera) April 6, 2017
Very interesting from Lee Charnley on PL prize money – points out that the club that finishes 18th this year, gets £30m MORE than #NUFC did
— Andrew Musgrove (@ADMusgrove) April 6, 2017
If we go up again, get a new sponsor, invest in the team and have a good season, 17/18 will probably look impressive once again. #NUFC
— NUFC 360 (@NUFC360) April 6, 2017
Wouldn't have had to adopt there strategy if they hadn't totally mismanaged club in first place . Relagation what regime deserved
— Mal Huddart (@M4lah75) April 6, 2017
you'd think so wouldn't you? Worry is we've been here before. You hope…HOPE…that Mike has learned his lesson, otherwise Rafa is off.
— The Steve (@TheMightySteve) April 6, 2017
On the bright side, Newcastle look set to secure an instant return to the top flight after winning a tense match against Burton on Wednesday night.
The Magpies are currently top of the Championship table with six games to go.
In other Newcastle news, Benitez has revealed he had a conversation with the referee after the Burton game.