Newcastle United will reportedly have a £50m transfer budget in January in their first transfer window under their new owners.
According to the Telegraph, Saudi Arabia’s Public Investment Fund have deliberately set a somewhat low transfer budget for Newcastle ahead of January. As per the report, the Toon could spend up to £200m without breaking Financial Fair Play rules.
However, PIF are eager to build things slowly at Newcastle rather than transform them overnight with a huge investment of cash. As per the report, the board are eager to hire a sporting director. As well as improve the overall quality of the club before looking into signings.
Whilst at the likes of Manchester City and PSG we saw big-name players come in almost immediately after their takeovers, PIF are taking a different approach to how they want to run Newcastle.
And this reported transfer budget appears to support PIF’s intentions with Newcastle. Moreover, Steve Bruce remains the manager of the club ahead of today’s clash against Tottenham.
Whilst the Toon have been linked by every player under the sun by the media, things at the club, so far, seem relatively unchanged. However, this modest transfer budget in January is likely something many Newcastle fans weren’t expecting.
Newcastle fans could be left frustrated by reported transfer budget
Indeed, the Saudi takeover of Newcastle has fans dreaming of Premier League success and European nights back on Tyneside. However, whilst this will likely happen over the next few years, it is clear that PIF are taking a sensible approach to climbing to the top.
Big-name signings will no doubt happen. But for Newcastle, a well-functioning squad made up of solid, Premier League level players is much more important than superstars, and this transfer budget reflects that philosophy.