Sky Sports journalist Keith Downie has dropped a Newcastle United update that is sure to leave Steve Bruce buzzing.
While the Magpies are closing in on the signing of Joe Willock from Arsenal on a permanent deal, it appears they have received a significant windfall from a player they let go a couple of years ago.
Former Newcastle academy graduate Adam Armstrong saw his move to fellow Premier League side Southampton confirmed, and Downie has revealed the positive implications it has for Bruce and Newcastle.
Writing on Twitter, he said: “Southampton agree a fee with Blackburn for striker Adam Armstrong. Newcastle to net 40% of the profit from their £1.8m sale three years ago. Personal terms not expected to be a problem.”
It was only a few months ago back in May that reports had suggested Bruce had been informed by the Newcastle hierarchy that he would have a transfer kitty of less than £10m to work with this summer.
It was even suggested that the budget ruled out any potential chance of signing Willock permanently, unless the Magpies cashed in one of their prized assets.
But now, with the club close to sealing a deal for Willock, the good news doesn’t seem to end there.
Confirmation of Armstrong’s switch to St Mary’s sees the Tyneside club net a very healthy sum of money as part of the 40% clause that Downie claims was inserted into the deal to sell him in the first place.
With reports claiming that the fee Saints are paying Blackburn to be in the region of £15m, and Newcastle having initially sold him for £1.7m, the Magpies stand to make a fee in the region of £5m for Armstrong.
While the striker’s departure from St James’ Park may not have gone down too well with supporters, the fact they’ve made a good chunk of money on him years later, and at a time when they could desperately do with the cash to strengthen their own squad, is sure to have Bruce delighted.
That extra bit of money could be crucial in landing another signing after Willock.