By Paddy Kenny

13th Aug, 2021 | 7:00pm

Pundit salutes 'amazing business' as Newcastle land '£7m' from completed deal

Newcastle United have pulled off an “amazing bit of business” by raking in around £7million for academy graduate Adam Armstrong.

So says ex-Premier League shot-stopper Paddy Kenny, speaking exclusively to Football Insider about the striker’s recent switch to Southampton.

The Guardian reported on 10 August that the Saints paid Blackburn Rovers £15m for the 24-year-old’s services.

But Newcastle, who sold the versatile attacker to Rovers for £1.8m in 2018, have landed 40 per cent of profit from the sale.

Kenny observes that this means Newcastle will have made almost £7m in total from the striker who played just a handful of times for the club.

He told Football Insider correspondent Adam Williams: “I’m sure there are a lot of players out there that do have those clauses in their contracts.

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“It’s just clever business at the end of the day. If someone’s not right for you but you can see him moving on and doing well, it’s really clever.

“If the club who are taking him are desperate then it works for them too. It seems like a lot, 40 per cent. You’d think it’d be more like 20 per cent.

“But if Blackburn have let Newcastle put that in the contract then it’s an amazing bit of business.

“It’s £5m they didn’t think they’d have. If they signed him for almost £2m, that’s £7m right there.”

Armstrong finished as the Championship’s second-top scorer in 2020-21.

He netted 28 times in 40 appearances as Blackburn finished 15th.

In other news, finance expert Kieran Maguire reveals how Newcastle United document reveal is “hiding” key issues.