Toon will spend Carroll money

Toon will spend Carroll money

Published Jul. 6, 2011 9:15 a.m. ET

The England international became the most expensive British footballer in history when he moved to Liverpool on the final day of the January transfer window. Newcastle fans were left in a state of despair when the idol of the Gallowgate End was sold, but were appeased by boss Alan Pardew's pledge to reinvest all of the money. Demba Ba and Sylvain Marveaux have been brought in as free agents, while Yohan Cabaye has been signed for £4.5million and Mehdi Abeid has arrived from Lens this summer. Anybody keeping count of the price tags would realise the total expenditure is nowhere near £35m, but Newcastle insist other factors, such as agent fees, need to be taken into account. Llambias told the Daily Telegraph: "I can assure everyone that not a single penny of the £35m has left the club and neither will it. It is all going back in. "We have acted early and we have got the players we wanted, but none of them have been cheap. We have paid good prices for them. They certainly weren't free transfers, there are fees and wages to consider. "It is our responsibility to make sure we look after the club responsibly. If we spent all the money on players this summer, what are we going to do in January if we need to bring somebody else in? We are using the money sensibly." Pardew, who will be hoping a £7m bid for Paris Saint-Germain striker Mevlut Erding is accepted, has echoed Llambias' reasoning, as he said: "When you sign someone like Demba Ba and Marveaux there are huge fees in there. "Lots of money in those deals doesn't come back into the system. It goes out through agents. "We have spent a fair amount on those players, more than fans realise. If you add up the money and think we have not spent the 35 million you will be way off. I have to mark the cards of the fans on that one. "We have transformed the training ground. Mike and Derek's backing has been excellent. And the noises on the last two (signings) are also positive."

ADVERTISEMENT
share