Saturday 30 July 2011

Liverpool And Newcastle Engineer Intriguing £15m Swap Deal

The Jose Enrique to Liverpool saga has taken a fresh twist with revelations that Newcastle would accept the transfer of Joe Cole in part exchange for their player.

Negotiations between the clubs had stalled after the Magpies demanded £15m in return for the Spanish full back with the Reds valuation of the player vastly different especially with only one year of his contract remaining on Tyneside. Liverpool were on the verge of switching their attention to Celtic's Emilio Izaguirre but now they have received a counter-proposal that has made them think again.

Rumours emanating from St James Park are saying that they would accept a deal that included Cole moving to the club from Anfield with an as yet undetermined sum of money changing hands. While the enthusiastic former Chelsea man is popular at Melwood despite his disappointing first campaign, the Liverpool hierarchy is reportedly giving serious consideration to the offer as it would give them the opportunity to trim their wage bill by a sizeable £90,000 a week and ease their bloated midfield.

However, the Merseysiders may decide to play hardball as they now know that Newcastle are willing to negotiate down from their previous position due to the fear of losing Enrique for nothing when his contract expires next summer.

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