NEWCASTLE United have the financial muscle to keep the likes of Yohan Cabaye at St James’s Park.
That’s the verdict of managing director Derek Llambias after the Magpies announced a profit for the second successive financial year.
Newcastle banked £1.4million after player trading for the year ending June 30, 2012.
And the Tynesiders are again one of the top 20 revenue-generating clubs after turnover increased to £93.3m for that 12-month period.
The club – which faced a financial meltdown in the wake of relegation from the Premier League four years ago – is now on a stable footing off the field.
And this should help manager Alan Pardew deliver success on the pitch, with Llambias – who slapped £35m price tags on EVERY player last summer – insisting there is no pressing need to sell.
Pardew has built his team around midfielder Cabaye, signed from Lille in the summer of 2011 – and fans are keen for him to stay.
“We’re going to be difficult sellers,” said Llambias (pictured). “I think we have that reputation.
“There’ll be certain players that need to move on with the end of contracts coming up. It’s a work in progress – every window is a work in progress.
“Our plan is to hold on to what we need to hold on to.”
With Newcastle having been sucked into a relegation battle earlier in the season, some transfer business was brought forward in January.
Midfielder Moussa Sissoko and forward Yoan Gouffran, signed from Toulouse and Bordeaux respectively, had been pencilled in as summer acquisitions. However, there will still be a pot of money available to spend when the transfer window reopens.
Llambias said: “The issue is picking the players. That’s already in hand.
“Quite honestly, what we’ve done there (in January) is spend £10m more than we needed to.
“Did we need to? Yes. Gouffran and Sissoko were the two players we brought forward.”