Newcastle United have big plans to challenge the Premier League title for the next five to ten years after their takeover, which ended this week.
The Mike Ashley era ended with Saudi Arabia’s Public Investment Fund (PIF), PCP Capital Partners and Reuben Brothers buying Magpies, where financier and new Newcastle director Amanda Staveley outlined the new owners’ vision for the media.
“Newcastle United deserve to be at the top of the Premier League. We want to get there. It will take time, but we will get there,” said Staveley.
“We are proud to be part of the Premier League. It is an incredibly competitive league that we love. Premier League football is the best in the world and Newcastle United is the best team in the world.
“Of course we want to see them get these trophies. At the top of the Premier League, in Europe, but getting trophies means patience, investment, time. We want everyone to work with us to build the club towards what it should be. “
Social media was flooded with photoshopped photos of Kylian Mbappe, Erling Haaland and others mocked in Newcastle jerseys, but due to Financial Fair Play rules, the new owners will not be able to make such a quick investment to improve their team.
Newcastle have made a profit of £ 38 million in the last three years, which means they have the potential to spend around £ 200 million on the market before the FFP rules start.
But even if they used it in the next transfer window in January, they would be seriously behind in the Premier League’s most powerful clubs, financially.
Recent figures released by the CIES Football Observatory in Switzerland have shown the value difference Newcastle will have to equalize to their rivals, which will likely include Manchester United and Man City for the Premier League title.
Manchester City now have Jack Grealish as part of their squad and have started the season in a safe way, beating Chelsea and playing well in a draw against Liverpool. And Pep Guardiola will target another title, that’s for sure.
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According to the CIES survey, Newcastle’s squad value is € 215 million. (£ 182.7 million).
It is significantly smaller than Uniteds (€ 1.21 billion) and Citys (€ 1.28 billion), where the two Manchester clubs boast the two most valuable squads in the world.
In short, Newcastle could spend £ 200m but they would still have a team worth around £ 750m less than those that have been put together at Old Trafford and Etihad Stadium over the last few years.
Maybe the Manchester clubs do not have to worry too much in the short term, although you can guarantee that Newcastle will continue to use when and when they are allowed to.