Newcastle Are Strong in Finance - Shepherd
By Matthew Jones
August 1 2003
Newcastle United chairman Freddy Shepherd has blasted suggestions that the Magpies are strapped for cash. After all, he is working on a deal to bring in £15M a yaer in revenue...
Newcastle United chairman Freddy Shepherd has rubbished reports which claimed that the Magpies were strapped for cash.
Shepherd this week officially denied stories that Kieron Dyer is up for sale, and is also frustrated by rumours that the club is struggling to compete in the transfer market.
Newcastle have only signed one player this summer (Lee Bowyer), but Shepherd, along with Sir Bobby Robson is not worried by this.
"That is not the case at all," he said. "I have heard the suggestions that there's no money left to sign any players.
"But those people who are saying we need to sell players like Kieron Dyer before we can buy are simply wrong.
"The days are gone when Newcastle sold players - we don't need to cash in on anyone. As far as our business is concerned, I don't think people realise how financially fit this club is.
"We have a stadium that is finished, a squad which will only get better and more buying power than either Arsenal or Liverpool."
Newcastle are currently in talks with a Las Vegas billionare about oneping up a casino at St James' Park, which would bring in £15M a year in revenue. Shepherd is also in talks about a £20M Hollywood movie!
What do you think about this?
Leave a message ob our message board!