Souness set to spend

Reports emerged today of a fall in operating profits for the year ending 31 July.

The much publicised downturn, £3.3 million to be exact, is worrying on the surface. Upon closer examination however can be attributed solely to the fact we failed to qualify for the Champions League.

Those of you concerned that this news could result in the tightening of the purse strings in January should find solace in that the revenue generated by Woodgate’s sale to Real Madrid was not included.

The news of a reduction in salary costs and an upturn in match revenue are both encouraging.

There was talk this morning on SkySports News of Newcastle falling out of the ‘top bracket’ of clubs. That’s old news. We knew when we failed to qualify against Belgrade at the start of last season that we were no longer in that elite band of Man.Utd, Chelsea and Arsenal. Since then we have strived to regain that status and now with Graeme Souness at the helm and cash in the coffers we are set to elevate ourselves once more into that all important Champions League spot.

Don’t worry – the money is there and our Scottish supremo is all set to spend it.