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Viana sold for 1.2 million

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Magpies take £7 million Viana hit

By Francisco Acedo -  Created on 10 Mar 2006

 

Newcastle have agreed to a take a huge loss on Portuguese midfielder Hugo Viana having struck a deal to sell him to Valencia for €2 million (£1.2 million).

 

Viana arrived at The Magpies in the summer of 2002 when Sir Bobby Robson paid Sporting Lisbon £8.5 million for his services.

 

However, having failed to establish himself at St James' Park, Viana joined Valencia on a season-long loan at the start of the campaign.

 

Although he has not been a regular at The Mestalla this term, he has done enough to convince the Che top brass that he will prove a big success in Spain.

 

They have handed him a five-year deal claiming that they wanted to finalise a permanent deal ahead of the World Cup, fearing a stellar showing from the gifted midfielder could lead to interest from other European sides.

 

Newcastle were originally holding out for a fee in the region of €5 million (£3 million), but have now accepted just £1.2 million meaning a total loss on the 23-year-old of over £7 million.

 

"Viana has great potential and is a very interesting player for us," explained Valencia director of sport Javier Subirats.

 

"He is a young player who will play at the World Cup and because of that we decided to close the transfer now."

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.co.uk deny the reports of a 7 million loss..

 

NEWCASTLE United have agreed for midfielder Hugo Viana to join Valencia on a permanent basis.

 

The 23-year-old joined the Magpies from Sporting Lisbon in June 2002, but never fully got to grips with the demands of English football, making 27 starts and a further 33 substitute outings, and scoring four goals.

 

He spent last season back at Lisbon on loan, before another temporary move took him to Valencia at the beginning of the 2005-06 campaign. The La Liga club have now exercised their right to turn that deal into a permanent one for the Portuguese international.

 

However, as Newcastle United's Chief Operating Officer Russell Cushing told nufc.co.uk: "Suggestions of a £7m loss are wildly inaccurate.

 

"There is a significant up front cash payment for the club, with a share in future profits if Valencia sell the player in the future."

 

Magpies chairman Freddy Shepherd, meanwhile, said the eyecatching displays of Charles N'Zogbia and Emre meant Newcastle remained more than happy with the high quality of left-sided midfield options still at the club's disposal.

 

He told nufc.co.uk: "Emre is a Turkish international with great pedigree and it has not taken him long to establish himself as a favourite with our fans after his move from Inter Milan.

 

"And the development of young Charles N'Zogbia as an attacking and goalscoring midfielder in the Premiership has also excited the crowd.

 

"Both are left-sided midfielders and we are delighted with how they are doing. Valencia have exercised their right to turn Hugo's loan move into a permanent one, and we wish him well for the future."

 

French starlet N'Zogbia's tally of five goals this season is bettered only by Alan Shearer and Michael Owen for the Magpies, while Emre guaranteed himself instant hero status at Gallowgate when scoring the winner in the 3-2 Tyne-Wear derby victory over Sunderland back in October.

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We seem to have a habit for giving players away on the cheap when we want rid so this does not surprise me one bit.

Its a joke and someone some where starts to get there act together with the maths.

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whats the big deal?

 

he's been on our books for what.... 4 years?

 

we also save on the wages.

 

if it were me,i'd have also negotiated a cut of any future transfer fee.

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We have.

 

"There is a significant up front cash payment for the club, with a share in future profits if Valencia sell the player in the future."

105351[/snapback]

 

:) my bad

 

 

 

so its basically not the shitty deal it first sounds like

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We save on the remainder of wages on his contract, and we got some cash in for him. The alternative was to pay him a canny whack per week while he played in the reserves, and got no cash in for him. People mightn't like it, but it's a good business decision based on the fact that he was probably never going to be a Premiership player. From an accounting point of view, it's also NOT a 7million pound loss, because he'll have nothing like an 8.5m carrying value on the books.

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