No mega-spend this summer for Newcastle: Eddie Howe

29.05.2023 - 07:21 arabnews.com

LONDON: Newcastle United head coach Eddie Howe has warned there will be no big transfer spend this summer, with Premier League Financial Fair Play (FFP) rules biting hard.

While some quarters expect the Saudi-led Magpies to splurge a Chelsea and Manchester City-like spend in the transfer market this summer, Howe admits Newcastle are working to much tighter guidelines than their top end rivals.

And Howe has revealed that without Champions League football — Newcastle finished fourth to return to the competition for the first time in 20 years — the spend in the next window would have been even less. “We had discussions last night – those discussions did take place,” said Howe in relation to a transfer summit with the club’s ownership group. “I don’t think a budget is ever outlined because there’s always so many variables to it, but we certainly know where we stand. “Is the budget big?

Well, when you’re sat in my shoes, it’s never as big as you want it to be. Financial Fair Play, as I always say, will impact what we do this summer.

Premier League soccer Serie A Eddie Howe Newcastle United Olivier Giroud Britain Manchester Saudi Arabia

NEWCASTLE: It has been less than a week since Newcastle United’s two-decade wait to qualify for the Champions League was rubber-stamped, but Eddie Howe’s eyes are already turning to next season. The head coach, renowned for his incredible work ethic and drive, is not about to rest on his laurels just because Newcastle have muscled their way into Europe’s elite, way ahead of the ownership group’s schedule. Instead, he is urging those at the top — primarily majority shareholders, the Public Investment Fund of Saudi Arabia — that while getting to the top might have been relatively inexpensive, the next step definitely won’t be.

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NEWCASTLE: Newcastle United head coach Eddie Howe has fired a Champions League spending warning as he predicts yet another “big” summer on Tyneside. The club’s 0-0 draw with Leicester City on Monday ensured the Magpies return to Europe’s top table for the first time in 20 years. While the competition opens a lot of doors financially for Newcastle, who are likely to see revenues soar due to their involvement — they are guaranteed at least six games in the group stage — Howe does not believe transfer spends will mirror the unrealistic expectations of many outsides of the club.