Kieron Dyer – the only decent piece of business Newcastle have ever done?

Posted by - February 9, 2010 - Newcastle United, Transfer News and Gossip, West Ham

West Ham’s financial woes summarised neatly by ex-Magpie

Newcastle’s transfer dealings over recent years have hardly been awe-inspiring. The process has usually involved paying over the odds for a player, watching them flop and leave on the cheap, or watching them do pretty well and selling them for less than was originally paid for them.

Kieron Dyer is the exception to the rule, judging by the figures being studied today in the Daily Mail. Dyer joined the Magpies from Ipswich for £6m in 1999. When he moved to West Ham in 2007, it appeared that Newcastle had actually broken even on their investment for one.

But we now know they actually went one better than that.

The fee was higher than the one publicly reported and Dyer actually cost £7 million. So Newcastle made a profit.

West Ham, meanwhile, have been paying the 31-year-old a whopping £70,000 a week throughout his injury-ravaged stint at Upton Park. The England international has mustered just five starts and ten substitute appearances during that time, and is yet to find the net for the club.

Taking the transfer fee, wages and National Insurance contributions into consideration, Dyer will have cost the Hammers £30 million by the end of next season.

Ouch!

  • Ben

    Fair enough, generally we’re rubbish in the transfer market (Jon Dahl Tomasson, Marcelino, etc), but there are other good deals we’ve done.

    I think the Woodgate business tops Dyer, at least. We paid Leeds £9m in Jan 2003 and sold him 18 months later for £13.4m to Real Madrid, despite being injured, so in excess of £4m profit. It was over a year before he played his first game for them. The Spanish Daily had an online poll that voted him the worst signing of the 21st century…

    Or how about Andy Cole? £1.75m spent, he got us promoted, then fired us to 3rd place in our first season in the new PL. In his third season for us he was blighted with injury and we sold him for £7m, including Keith Gillespie. The money recouped also helped us to buy one Alan Shearer…

    Ben

  • cOL

    Do us Hammers a favour and take him back off our hands will you. We’ll give him to you for free :)

  • chris

    Totally agree with Ben..

    woodgate was a better deal as was andy cole… Dyer had so much potential but due to horrible injuries and persistant niggles is one of those who were just unlucky…..but as far as deals go newcastle have done a lot better in many other transfers……

    recently how about bassong…… ? bought in for 500k and then sold a season later for 8 million to spurs

  • chris

    just to add further… the 8 mill bassong transfer to spurs could go up to 12 mill due to performances which I didnt know about when originally posting…

    500k to 12 mill……… possibly the best piece of business we’ve done transfer wise

  • Mal

    I suppose the costs to West Ham relating to Dyer won’t be that far different to what we have incurred on Barton – what a waste of money.