Newcastle United have made one signing this summer, completing a deal to bring Joe Willock back permanently from Arsenal.
After an incredible loan spell, it was essential that we brought him back to St James’ Park.
In the end, he became one of the most expensive signings in club history.
The fee is in excess of £20million, and could rise to £25million, which would make him the second biggest signing behind Joelinton.
It was a big investment by Newcastle, in a summer where their transfer budget was reportedly just £10million.
So how did the Magpies finance the deal to sign Willock from Arsenal?
Two players helped Newcastle complete Joe Willock deal
According to the Telegraph, two other transfers allowed Newcastle to afford the 22-year-old.
First they sold Florian Lejeune to Alaves, after spending the previous year on loan.
Then Newcastle received a windfall from Adam Armstrong’s move from Blackburn to Southampton. The Magpies received 40% of the fee thanks to a sell-on clause.
And the Telegraph claim the money from these two deals helped Newcastle reach the fee Arsenal wanted for Willock.
Sadly they state that there is barely any money left this summer.
What a sad state of affairs. To think, things could have been completely different had PCP Capital Partners’ takeover gone through last summer.
We certainly wouldn’t have been relying on a Championship club selling their best player, that’s for sure.