Newcastle may be forced into multiple sales after official £153m reveal - pundit
Newcastle United may be forced to offload players to offset the cost of the capture of Joe Willock.
So says ex-Premier League goalkeeper Paddy Kenny, speaking exclusively to Football Insider after the Magpies confirmed the signing on 13 August.
This site revealed the previous day that the 21-year-old was set to sign a six-year contract after Newcastle had a £25million offer accepted by Arsenal.
Newcastle’s turnover fell from £176.4m in 2018-19 to £152.6m for 2019-20, as per their accounts released via Companies House on 6 August.
The club posted a total loss of £54m for an accounting period ravaged by the pandemic.
And Kenny claims that the Willock fee plus Newcastle’s overall financial picture may force them to make player sales this summer.
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He told Football Insider correspondent Adam Williams: “Whether they sell players depends on the financial situation there at Newcastle.
“It seems like a huge amount of money for them, that fee. But to everyone else in the league that’s peanuts.
“That just goes to show you the way Mike Ashley runs the club. It wouldn’t surprise me if he does get players out the door to balance the books.
“We’ll have to wait and see what happens with the takeover stuff as well because that could have an impact.”
Willock spent the second half of 2020-21 on loan with Newcastle.
The midfielder scored eight goals in 14 appearances in a wildly successful stretch at St. James’ Park.