Football finance expert speculates Newcastle United made £12m on January exit
Football financial expert Stefan Borson has claimed Newcastle United are set to bank £12million from Lloyd Kelly’s sale.
Signed from Bournemouth for a free transfer last summer, the defender made just 14 appearances before joining Juventus earlier this month. The deal - initially on loan - will become permanent for £20million at the end of the season.
A tight PSR situation forced the Magpies to get creative in the market, with Miguel Almiron also allowed to move on. He reunited with former club Atlanta United for a reported £11million.
Eddie Howe admitted losing Kelly was not ideal but necessary for Newcastle’s long-term benefit. With zero first-team incomings in the winter window, Toon fans are optimistic about funds being available later in the year.
Monetary guru Borson expects Newcastle to bank around £12million in profit once agent fees and his wages are deducted. He told Football Insider: “It (the deal) was £15million plus £5million. I think £15million is banked and then £5million if he does well or they win things.
“It looks like a slightly unusual deal, but it’s a good quick profit after he only joined in the summer. I don’t think he’s played very much. Juventus obviously see something in him. I guess £15million is not a big fee these days, so it’s not going to move the dial significantly for Juventus. But Juventus are quite strained in terms of their finances.
“For Newcastle, it’s a great one because they will have maybe £3million on the books for the costs of the free transfer, agent fees and signing on fees. They have made maybe the best part of £12million in profit.”