The Reasons Saudi Money Has Not Transformed The Magpies into Championship Contenders

Eddie Howe is not given to dramatics or grand media statements. Based on his usual demeanor, his media briefing after the weekend's loss to West Ham qualifies as a angry tirade. Newcastle took an early lead but the opposition were ahead by half-time, while also striking the woodwork and seeing a spot-kick overturned by VAR, prompting Howe to execute a three substitutions at the half-time.

“The opening period was particularly irritating,” Howe stated. “I almost could have taken anyone off and I believe that was a reflection of our performance level in that moment in the game and it's extremely uncommon for me to feel that way. Actually, I don’t think having done so during my tenure as manager of Newcastle, therefore I believed the squad required some shaking up at half-time. This explains why I did those decisions.”

Three key players all came off at half-time and the team managed to steady somewhat in the second half, without ever really looking like they might fight back into the contest against a side that had secured just a single victory of their last nine fixtures. Given how packed the middle of the standings currently is, with just three points dividing third from 11th, and a nine-point margin between second and 17th, a sequence of twelve points from ten matches has not placed the Magpies stranded but, similarly, they must not end the campaign in 13th.

The Issue of Expectations

The challenge partially is one of perception. In the Saudi Public Investment Fund, the club have the richest backers in the world. The assumption at the time the Saudi fund bought a majority stake of the club in 2021 was that it would bring a game-changing impact, as the former Chelsea owner had at Chelsea or the City Group did at the Etihad. The difference is that those two investors took over prior to the advent of financial fair play regulations (and the current charges against City concern whether they breached those guidelines once they were implemented).

Profit and sustainability regulations restrict the ability of owners, no matter how wealthy, to spend money on their squads and so in that sense likely would have slowed every Saudi attempt to raise the team to the standard of Manchester City. But there is no need for the club's spending to have been quite as cautious as it has been; they could have spent more and remained within the limit – or simply taken a relatively meagre Uefa penalty since their big problem is more with the European than the domestic regulation.

Infrastructure Spending and PSR Regulations

Additionally, infrastructure spending is excluded from Profit and Sustainability calculations; the easiest method to raise income to generate more PSR flexibility would be to expand or renovate the arena. Given the site of St James’ Park, with protected structures on two sides, in reality that probably implies building an completely new venue. Rumors circulated in spring of possibly undertaking the nearby relocation to a local park – opposition from local groups could surely have been surmounted with a promise to build a new park on the existing ground location – but there has not been any progress on that proposal. There has been significant cutbacks from the Saudi fund on a variety of initiatives as it refocuses on domestic affairs; the approach to the football club seems entirely in alignment with that strategic shift.

The Alexander Isak Saga

The Alexander Isak saga was born of that conflict. A bolder management could have portrayed his transfer as necessary to free up capital for further investment; instead there was a unsuccessful attempt to retain him. That meant the team began the season amid a sense of frustration despite the acquisitions of several new players. The opening was mixed: a single victory in their first six games.

But it seemed a corner had been turned. They secured five in six prior to Sunday, a streak that included convincing wins of Union Saint-Gilloise and Benfica in the Champions League. This explains the performance against the Hammers was such a shock. The issue perhaps is that Newcastle’s approach is very aggressive, high-energy; a minor decrease in intensity can have significant effects. Perhaps the pressure of Premier League, European and Carabao Cup competition, five games in a fortnight, had got to them. The German forward started all five matches and looked particularly fatigued.

The Nature of Contemporary Soccer

This is the reality of modern the sport. Managers must be ready to rotate. The manager has been unfortunate that Wissa’s fitness issue has meant he is short of forward choices but, regardless of how valid the reasons, Sunday’s performance was unacceptable –particularly following taking the lead at a stadium ready to criticize its home team.

The Newcastle boss will hope it was just a blip, one of those days when everybody is off-colour simultaneously, but if Newcastle are to qualify for the Champions League next season, not to mention one day mount an genuine championship bid, they must not be as inconsistent as they have been.

Jeff Horne
Jeff Horne

A passionate amateur athlete and coach who shares practical advice and personal experiences to inspire others in sports.

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