Why Has Newcastle United, Backed by Saudi Arabia, Failed?

Why Has Newcastle United, Backed by Saudi Arabia, Failed?

Few teams have been impacted as much as Newcastle by the Premier League’s profit and sustainability rules (PSR) this season.

Unlike the early years of Abu Dhabi’s massive investment at English champions Manchester City, Newcastle’s ability to rely only on their newfound income from the Gulf has been severely curtailed.

Newcastle had to walk a tightrope to avoid going over PSR even though they qualified for the Champions League for the first time in twenty years after spending over £250 million ($315 million) in the first three transfer windows under the new ownership.

CEO Darren Eales has acknowledged that if they want to reinvest in the team, they might even have to sell one of their most valuable players in the summer. Alexander Isak and Bruno Guimaraes are two players who are said to be leaving.

Eales stated, “If we’re going to get to where we want to, sometimes it is necessary to trade your players,” following the club’s £73 million season-ending loss report for 2022–2023.

Newcastle’s issues with PSR have been made worse becausedespite spending over £100 million throughout the 2023 summer transfer window, they have not received much in return. Sandro Tonali, an Italian international, cost the most of the transfer budget; nonetheless, he only made 12 appearances for the team before receiving an eight-month ban for bet-related offenses while at AC Milan.

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