Why Saudi Investment Hasn't Turned The Magpies into Championship Contenders
The Newcastle manager is not prone to histrionics or sweeping public statements. Based on his standards, his media briefing following Sunday’s loss to West Ham counts as a angry outburst. His side scored first but the opposition took the lead by the interval, while also hitting the post and having a penalty overturned by VAR, leading Howe to make a three substitutions at the break.
“That was the frustrating thing about the first half,” the coach stated. “Virtually any player could have been substituted and I think this indicated of our performance level at that stage during the match and it’s very, very rare for me to have that impression. Actually, I don’t think having done so since I’ve been head coach of the club, therefore I believed the team needed some shaking up at the break. This explains why I made what I did.”
Three key players were substituted at the interval and the team did stabilise to an extent in the second half, without ever appearing like they might get back into the contest against a side that had secured just a single victory of their previous nine league matches. Considering the congestion the centre of the table currently is, with just three points dividing the top spots from mid-table, and a nine-point margin between the upper and lower ranks, a run of 12 points from ten matches has not placed the Magpies adrift but, similarly, they cannot finish the season in thirteenth place.
The Issue of Expectations
The problem partially is one of perception. In the Saudi Public Investment Fund, the club possess the richest backers in the globe. The assumption when the Saudi fund bought 80% of the club in 2021 was that it would have a transformative effect, similar to the former Chelsea owner had at Chelsea or Sheikh Mansour had at Manchester City. The distinction is that both of those owners took over before the advent of financial fair play regulations (and the current charges against Manchester City concern if they breached those guidelines after they were in place).
Financial regulations restrict the ability of proprietors, however rich, to spend money on their squads and therefore likely might have hindered every Saudi effort to raise the team to the level of Manchester City. However there is no need for Newcastle’s expenditure to have been so restrained as it has; they might have spent more and remained within the threshold – or simply taken a fairly minor European penalty since their major issue is primarily with the European than the Premier League regulation.
Infrastructure Investment and Financial Regulations
Besides which, infrastructure spending is excluded from Profit and Sustainability calculations; the easiest method to increase revenue to generate additional PSR flexibility would be to extend or redevelop the stadium. Given the location of St James’ Park, with listed buildings on two sides, in reality that likely implies constructing an completely new venue. There was talk in spring of potentially undertaking the nearby relocation to Leazes Park – resistance from local groups could surely have been surmounted with a commitment to build a replacement green space on the existing ground location – but there has not been any progress on that plan. There has been substantial retrenchment from the Saudi fund on a range of projects as it refocuses on local investments; the attitude to the football club seems completely in alignment with that change of approach.
The Alexander Isak Saga
The star striker episode was arose from that conflict. A more confident leadership could have framed his transfer as necessary to release funds for additional investment; rather there was a unsuccessful effort to keep him. This resulted in the team started the campaign amid a sense of disappointment even with the acquisitions of Woltemade, Yoane Wissa, Jacob Ramsey, Malick Thiaw and Anthony Elanga. The start was indifferent: one win in their first six games.
Yet it appeared a turning point had been turned. They secured five in six before Sunday, a streak that featured demolitions of Union Saint-Gilloise and Benfica in the European competition. That’s why the display against West Ham was such a shock. The issue maybe is that Newcastle’s style is very aggressive, very high-octane; a slight drop-off in intensity can have significant consequences. Maybe the pressure of Premier League, Champions League and Carabao Cup matches, five fixtures in 15 days, had taken its toll. Woltemade started all five games and appeared particularly fatigued.
Reality of Modern Soccer
That’s the reality of modern the sport. Coaches have to be prepared to rotate. The manager has been unfortunate that the forward's fitness issue has meant he is short of forward choices but, no matter how reasonable the explanations, Sunday’s showing was inexcusable –especially after scoring first at a ground ready to turn on its home team.
Howe will wish it was merely a temporary setback, an off-day when everybody is below par simultaneously, but if Newcastle are to qualify for the European competition next season, let alone one day mount an actual championship bid, they cannot be as unreliable as this.