One free transfer with a sign on fee and wages on the high side. Two loans, Fährmann with a €3m loan fee and high wage and Roberts with a reasonable loan fee and medium wages. Byram is a £750k signing with add ons and probably medium wages. Then there's 7 young players signed with fees and wages, though some of those wages will be recouped through loans. Total spend there is probably well above £12m and could be as much as £15m. The pundits won't see it that way but SW does. With Heise like a new player this season and Idah moving up, we've added 6 new players to a Championship winning squad. Four of those have experience at the highest level and are quality signings. We have two players at six positions and three players at five positions yielding a squad of 26 players, none of whom are squad players IMO. That's good business and we're well prepared for the PL. If we add Rhodes and/or another DM option we'll be even better.
£15m ? https://readnorwich.com/2019/08/02/farke-does-not-expect-norwich-to-make-any-more-signings/ "Stuart Webber has brought in Ralf Fahrmann, Patrick Roberts, Josip Drmic and Sam Byram – with transfer and loan fees combining for a total in the region of £4m"
If the 4 of them average £30k p/w wages, that's an extra £6.4m in the first year. With the rest of the new deals handed out, the rise in our wage bill could well consume the rest of the fabled £20m budget. Having said that, I still think we've got money in the kitty if the right player is available.
I was worried about all those new contracts. I feel so much better after a chat with Kensell. I love what they have done. We don’t need to stress about these new contracts. There is still a decent wedge in their transfer budget. I don’t think we are looking to use it this window.
So, Maguire is destined to sign for ManUre for a MERE £80M!! https://www.mirror.co.uk/sport/football/transfer-news/details-harry-maguires-man-utd-18819094
The wages for the 7 young players signed also need to be added in, though some of them will be recouped through loans, like Bushiri to Blackpool. If the wages for those 7 average £5,000, that's another £1.75m less any amounts recouped. Added to the £4m quoted and DH's calculation of £6.5m that would total around £12.5m and then there's the agent fees, which brings it up towards the £15m I suggested earlier. That would still leave around £5m in the budget as I don't believe the new contracts are included.
That's good, but I'd think SW will save some for January. My main point was that people keep saying that we haven't spent any money, when we have spent at least £12m and probably closer to £15m, for which we've got 4 top level players and 7 young guns for the future.
But despite Webber's comments, we haven't spent any significant money compared to any of our PL peers - and even a good number of championship clubs. Given what we will earn in media rights from even one season in the top flight, £15 m is bog all - so I don't see why you keep dressing it up as if it is? It doesn't bother me, as I can see the bigger picture, but it's understandable why many fans on facebook and the Pink'Un are steaming up about it. "No ambition", "cannon fodder", "instant yo yo club" I hear them cry.....
Seems like their might be movement on Dozzell. Lambert has talked about needing to sell to buy, a NCFC ITK thinks things are progressing, and he isn't in the ITFC squad for today.
Well, we've spent what we needed to spend and no more. The Blades and Villa needed to spend because their players were either too old or not good enough for the PL (Villa were 18 points behind us remember). Our players are and it's about the quality and fit of the players and not the amount of money spent. The media rights money has also paid off the £6m bond and infrastructure costs as well as all the new contracts for our players. IMO, this is the strongest squad we've ever taken into the PL and we've also built for the future with the 7 young players recruited. Those shouting "No ambition", "cannon fodder", "instant yo yo club" and so on just don't get it. They listen to the 'pundits' and Karen Brady saying it's about the money spent. It isn't.
Those who do not learn from the sins of the past are doomed to relive them: https://www.pinkun.com/norwich-city/canaries-daniel-farke-transfer-strategy
I read this article myself and then the comments and thought that the comments were mainly from a bunch of idiots. If, like me you can't get the link that RER posted: https://www.pinkun.com/norwich-city/canaries-daniel-farke-transfer-strategy-outlined-1-6197060 What is really important for some of the morons to understand is that when you have your first team with 3-4 loans in it, you need to buy 3-4 players just to stand still. Norwich didn't need to do that, each signing strengthens the squad rather than replacing what you lost after the loan ends.
But it's not just about this season. The money we've spent on upgrading and extending players contracts is going to cost us a lot of money for the lengths of the contacts. If we go down the players still need to be paid in line with contracts, so we need to ring fence that money, which should mean if we go down we will if we wish be able to keep the Godfrey's of this world for the length of the contract, which should mean no more fire sales. If we stay up having covered all our existing commitments going forward then a higher percentage of next years money can go on new players.
Yes, canario - IF we stay up with the players we have (Roberts and Fährmann are loanees), then surely we won't need to splurge VAST sums of money new players!!!! ,
Those new contracts will probably have relegation clauses in them too. On top of that tying those players to longer contracts hugely increases their value when it comes to other clubs coming after them potentially this summer & certainly January if we do reasonably well. We tried it to other way under Worthington, bin the squad that got you up, buy up new players and.... I'd rather the current strategy because it can't be any worse than history & if the worst does happen we aren't in the crap needing to sell everything that isn't nailed down. I completely understand those who see everyone else splashing the cash esp Villa but slowly slowly catchy monkey seems to be the plan so I'm happy to go with it with long term survival of the club in mind whatever league we're in over the years & decades. It's a great position to be in & debating this strategy than debating survival in league 1
