An update has emerged on Newcastle’s new ownership in regards to how much they can spend without breaking Financial Fair Play rules…
According to football finance expert Kieran Maguire, via The Daily Mail, Newcastle could have in excess of £200m to spend in the transfer market over the next three years without breaking FFP restrictions.
He has explained that the finances Mike Ashley has left allows them to spend £190m without running into issues with FFP, but also states that the new owners, PIF, could increase the commercial revenue and add to that £190m figure, taking it over £200m.
“For all that is wrong with Mike Ashley, I would love to be buying a club from him,” he said. “There is a lot of scope to increase the investment in Newcastle if any new owners choose to do so
“Mike Ashley himself is a toxic brand when it comes to sponsors and Newcastle have struggled to match the growth of other clubs.
‘There is a lot of scope for an increase in commercial and sponsorship revenue and from Saudi Arabia itself.”
This report will surely leave Newcastle fans feeling excited about the upcoming transfer windows now that PIF have officially taken over control of the club. If Maguire’s figures prove to be accurate, the Magpies could be set to make a splash in the market in January and next summer.
Newcastle spent roughly £26m on transfers in the 2021 summer window, signing Joe Willock from fellow Premier League side Arsenal. The central midfielder was the only senior addition to the squad, having been on loan during the 2020/21 campaign, and he could be the sole recruit of the club’s last quiet window for some time to come.
After a disappointing few months of a lack of activity in the market, Newcastle fans may be desperate to see some money spent in January in order to help the side avoid relegation back down to the Championship. This is why they will be excited to see PIF spend £200m+ over the next few years.
Steve Bruce is reportedly set to be sacked by PIF, who are prepared to pay his £8m compensation fee. This means that it remains to be seen who will be given the opportunity to spend this £200m+ in the transfer market over the next few years.
Leicester City’s Brendan Rodgers and Rangers’ Steven Gerrard have both been mentioned, but until a deal is close to being finalised, or complete, there is little point in speculating how they could spend the money. On the flip side, the new owners could already have ideas in mind on who they want to add to the playing squad and then appoint a manager to suit their plans. Either way, it is an exciting time to be a Newcastle supporter!