The Reasons Middle Eastern Money Has Not Transformed Newcastle into Title Challengers

The Newcastle manager is not prone to dramatics or grand media statements. Based on his usual demeanor, his media briefing after Sunday’s loss to West Ham qualifies as a furious tirade. Newcastle took an early lead but West Ham took the lead by the interval, as well as striking the woodwork and having a penalty overturned by VAR, prompting Howe to make a triple change at the half-time.

“The opening period was particularly irritating,” the coach stated. “Virtually any player could have been substituted and I think this indicated of where we were 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 the club, so I felt the team needed some shaking up at the break. This explains why I did what I did.”

Three key players all came off at half-time and Newcastle did stabilise somewhat in the second half, but never really looking like they could get back into the game against a side that had secured just a single victory of their previous nine fixtures. Given how packed the middle of the standings currently is, with just three points separating the top spots from mid-table, and a nine-point margin between second and 17th, a sequence of twelve points from ten matches has not placed Newcastle stranded but, similarly, they must not finish the season in thirteenth place.

The Issue of Expectations

The challenge partially is one of perception. In the Saudi Public Investment Fund, the club possess the wealthiest owners in the globe. The expectation at the time the Saudi fund acquired a majority stake of the team in 2021 was that it would have a game-changing impact, as the former Chelsea owner had at Chelsea or Sheikh Mansour did at the Etihad. The difference is that both of those owners took over prior to the advent of FFP regulations (while the ongoing allegations against Manchester City concern if they violated those regulations once they were implemented).

Profit and sustainability restrictions restrict the capacity of owners, no matter how wealthy, to invest funds on their teams and therefore likely might have hindered any Saudi attempt to elevate the team to the standard of City. However there is no need for Newcastle’s spending to have been quite as cautious as it has; they could have spent more and stayed inside the limit – or just accepted a relatively meagre Uefa fine since their big issue is more with the European than the domestic rules.

Stadium Investment and Financial Regulations

Additionally, stadium development is exempted from Profit and Sustainability assessments; the simplest way to raise income to create more PSR flexibility would be to extend or renovate the stadium. Considering the location of St James’ Park, with protected structures on multiple sides, practically that likely implies building an entirely new venue. There was talk in March of possibly undertaking the nearby relocation to a local park – resistance from local groups might have been surmounted with a commitment to create a replacement green space on the current stadium site – but there has not been no movement on that plan. There has occurred significant retrenchment from the PIF on a variety of initiatives as it refocuses on domestic affairs; the attitude to the football club seems entirely in alignment with that change of approach.

The Alexander Isak Saga

The Alexander Isak saga was born of that conflict. A more confident leadership might have portrayed his transfer as necessary to free up funds for additional spending; instead there was a unsuccessful effort to keep him. This resulted in the team began the season amidst a feeling of disappointment even with the acquisitions of Woltemade, Yoane Wissa, Jacob Ramsey, Malick Thiaw and Anthony Elanga. The start was indifferent: a single victory in their initial six games.

Yet it seemed a corner had been turned. They secured five victories in six matches prior to the weekend, a streak that included demolitions of Union Saint-Gilloise and Benfica in the European competition. That’s why the display against West Ham was so surprising. The problem perhaps is that Newcastle’s approach is extremely intense, very high-octane; a minor decrease in energy can have profound consequences. Perhaps the strain of Premier League, European and Carabao Cup competition, five fixtures in a fortnight, had taken its toll. Woltemade started each of those games and looked particularly fatigued.

The Nature of Contemporary Football

That’s the nature of today's the sport. Coaches must be ready to rotate. Howe has been unlucky that the forward's injury has meant he is lacking attacking options but, regardless of how reasonable the explanations, the weekend's performance was unacceptable –especially following scoring first at a stadium ready to turn on its home team.

Howe will hope it was merely a temporary setback, an off-day when everybody is off-colour simultaneously, but if Newcastle are to qualify for the Champions League in the future, let alone one day mount an genuine title challenge, they must not be as unreliable as this.

Allen Thompson
Allen Thompson

A tech enthusiast and software developer with over a decade of experience in building scalable applications and mentoring teams.