Kieran Maguire slams Newcastle after 'very troubling' £160m news confirmed
Newcastle United may appear to have a reasonable net spend in recent years – but the club’s official statistics are misleading.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider about the official statement issued by Newcastle on 3 September.
The club revealed it had spent £160million on transfers since the summer of 2019 and had a net spend of £120m over the same period.
That figure includes future payments the club is scheduled to pay, as well as performance-related add-ons which they may or may not.
The statement was released in response to concerns among the fanbase about a relative lack of investment in the recently closed transfer window.
And Maguire argues that Newcastle have appropriated the figures to paint a deceptive picture.
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“Through selective use of dates, it appears quite reasonable,” he told Football Insider correspondent Adam Williams.
“But the trouble with statistics is, where do you start and where do you end? As Disraeli said, there’s ‘lies, damn lies and statistics’.
“Newcastle have also been keen to include the potential add-on fees, which we don’t know whether will be paid or not.
“I find it very troubling that they have taken such an approach. On a longer-term basis, the spend has been very low.
“If you take a look at the first nine years of Ashley’s reign, if you benchmark it against, say, Everton and Aston Villa, you start to see the full picture.
“Since 2018, Everton’s net spend was £256m. Villa have spent £170m, but one of those years they were in the Championship.
“So Newcastle have to be a little bit careful. They will be scrutinised. The lack of investment in St. James’ Park is also concerning.“