The Reasons Middle Eastern Money Hasn't Turned The Magpies into Title Contenders

The Newcastle manager isn't typically prone to dramatics or sweeping public pronouncements. Based on his usual demeanor, his media briefing following the weekend's loss to West Ham counts as a furious outburst. Newcastle scored first but the opposition took the lead by the interval, as well as striking the woodwork and having a penalty overturned by VAR, prompting Howe to execute a triple change at the break.

“The opening period was particularly irritating,” the coach said. “Virtually any player could have been substituted and I think that was a reflection 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 manager of the club, so I felt the team needed a significant change at the break. This explains why I did what I did.”

Anthony Gordon, Nick Woltemade and Emil Krafth all came off at half-time and the team managed to steady to an extent in the latter period, without ever really looking like they could fight back into the contest against an opponent that had won only one of their last nine league matches. Considering the congestion the centre of the standings is, with just three points separating the top spots from mid-table, and a nine-point margin between the upper and lower ranks, a run of twelve points from ten matches has not placed the Magpies stranded but, equally, they must not finish the season in thirteenth place.

The Problem of Expectations

The challenge partially is one of perception. With the Saudi PIF, the club have the wealthiest backers in the world. The expectation at the time the Saudi fund bought 80% of the team in 2021 was that it would have a transformative effect, as the former Chelsea owner had at Chelsea or Sheikh Mansour did at the Etihad. The difference is that both of those owners assumed control prior to the advent of financial fair play regulations (and the ongoing allegations against City relate to if they violated those guidelines once they were implemented).

Profit and sustainability restrictions restrict the capacity of proprietors, no matter how wealthy, to invest funds on their squads and so in that sense probably might have slowed every Middle Eastern attempt to raise Newcastle to the level of Manchester City. But there is no need for Newcastle’s expenditure to have been quite as cautious as it has been; they could have spent more and remained within the threshold – or simply taken a fairly minor Uefa fine since their big issue is more with the European than the Premier League regulation.

Infrastructure Investment and PSR Rules

Additionally, infrastructure spending is exempted from PSR assessments; the easiest way to increase revenue to generate more PSR headroom would be to expand or redevelop the arena. Considering the location of the home ground, with protected structures on two sides, in reality that probably means building an completely new venue. Rumors circulated in March of potentially making the short move to a local park – resistance from community organizations could surely have been overcome with a commitment to create a new park on the current ground location – but there has not been any progress on that plan. There has occurred substantial retrenchment from the PIF on a range of projects as it shifts focus on domestic affairs; the attitude to the football club appears completely in keeping with that strategic shift.

Player Sales Situation

The Alexander Isak episode was arose from that tension. A bolder leadership could have portrayed his sale as essential to free up capital for further investment; instead there was a unsuccessful attempt to retain him. That meant Newcastle started the campaign amid a feeling of frustration even with the signings of Woltemade, Yoane Wissa, Jacob Ramsey, Malick Thiaw and Anthony Elanga. The opening was indifferent: one win in their first six fixtures.

Yet it appeared a corner had been turned. They had won five in six prior to the weekend, a streak that included convincing wins of a Belgian side and a Portuguese club in the Champions League. That’s why the performance against the Hammers was so surprising. The problem maybe is that the team's approach is extremely intense, very high-octane; a minor decrease in energy can have significant effects. Maybe the strain of Premier League, European and cup matches, five fixtures in 15 days, had got to them. Woltemade featured in each of those matches and appeared particularly fatigued.

The Nature of Modern Soccer

That’s the reality of today's the sport. Managers must be prepared to rotate. The manager has been unlucky that Wissa’s injury has left him lacking forward choices but, no matter how reasonable the reasons, the weekend's showing was inexcusable –particularly following taking the lead at a stadium ready to criticize its own side.

The Newcastle boss will wish it was merely a temporary setback, one of those days when everybody is off-colour simultaneously, but if the Magpies are to secure the European competition next season, not to mention one day mount an genuine championship bid, they must not be as inconsistent as this.

Robin Singh
Robin Singh

A professional poker player and coach with over a decade of experience in tournaments and cash games.