According to numerous reports, Fabricio Coloccini will be staying at Newcastle United after Argentinian club San Lorenzo's bid for the defender fell through. It came down to funds, as it most often does. Lee Ryder of The Chronicle reports:
The South American outfit have twice attempted to bring the Toon star back to his homeland on compassionate grounds due to a "family issue".
The Buenos Aires club though on both occasions unable to break Coloccini's lucrative contract.
And now the Chronicle can reveal that San Lorenzo have failed to convince a group of wealthy fans to chip in and raise the funds needed to take the player back home.
Ryder's article also says that Newcastle will support Coloccini "to the hilt" if he shows the same commitment, and that the captain's armband will be his if he wants it.
This is good news for Newcastle, as the backline was notably improved when he returned to the line-up late in the season. It's probably fair to say that if Coloccini was not injured against Southampton, Newcastle would not have been in a relegation fight.
Coloccini still has three years remaining on his contract with Newcastle.