Derek Llambias reveals NUFC income has been halved
NEWCASTLE United are still working with a Premier League wage bill despite dropping out of the division costing them £50million a year.
Managing director Derek Llambias has revealed that despite a summer of savage cost-cutting in which 11 senior players left with only one permanent signing - Peter Løvenkrands - to replace them, the Magpies' wages are still not at what he considers an "acceptable level" for the division they have unexpectedly found themselves in.
So far the gamble is working, with United top of the table and one of the players they kept, Kevin Nolan, voted by fans as the division's player of the month for the second consecutive time.
Older/Newer
« Newcastle plan raid for Per Ciljan Skjelbred | Hughton: It will always be St James' to fans »
0 TrackBacks
Listed below are links to blogs that reference this entry: Derek Llambias reveals NUFC income has been halved. TrackBack URL for this entry: http://www.newcastlebanter.co.uk/cgi-bin/mt421/mt-tb.cgi/159699
Leave a comment