Why Saudi Money Hasn't Turned The Magpies into Championship Challengers
The Newcastle manager isn't typically prone to dramatics or sweeping media statements. So by his standards, his media briefing after the weekend's loss to West Ham counts as a angry tirade. Newcastle took an early lead but the opposition were ahead by the interval, while also striking the woodwork and having a penalty revoked by VAR, prompting Howe to execute a three substitutions at the half-time.
“The opening period was particularly irritating,” the coach stated. “Virtually any player could have been substituted and I believe that was a reflection of where we were in that moment in the game and it's extremely uncommon for me to feel that way. In fact, I cannot recall I have during my tenure as head coach of Newcastle, so I felt the squad needed some shaking up at half-time. That’s why I made those decisions.”
Anthony Gordon, Nick Woltemade and Emil Krafth were substituted at the interval and Newcastle did stabilise to an extent in the latter period, without ever appearing like they might fight back into the contest against a side that had won only one of their last nine league matches. Considering the congestion the middle of the standings currently is, with just three points separating third from 11th, and a nine-point margin between second and 17th, a sequence of twelve points from ten matches has not left the Magpies adrift but, equally, they cannot end the campaign in thirteenth place.
The Issue of Perception
The challenge to an extent is one of public view. With the Saudi PIF, Newcastle possess the richest backers in the globe. The expectation when the Saudi fund acquired 80% of the club in 2021 was that it would have a game-changing impact, similar to the former Chelsea owner achieved at Stamford Bridge or Sheikh Mansour did at the Etihad. The distinction is that both of those owners assumed control prior to the advent of FFP regulations (and the ongoing allegations against Manchester City concern whether they violated those regulations after they were in place).
Profit and sustainability restrictions restrict the ability of proprietors, however rich, to spend money on their squads and so in that sense likely would have slowed every Middle Eastern attempt to raise Newcastle to the standard of Manchester City. However it wasn't necessary for Newcastle’s spending to have been so restrained as it has; they might have invested further and stayed inside the threshold – or just accepted a relatively meagre European fine given their major issue is more with the continental than the Premier League regulation.
Stadium Investment and PSR Regulations
Additionally, stadium development is exempted from Profit and Sustainability calculations; the easiest method to increase revenue to create more financial flexibility would be to expand or redevelop the arena. Considering the site of the home ground, with listed buildings on two sides, in reality that likely means building an entirely new stadium. There was talk in spring of potentially undertaking the short move to Leazes 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 been no movement on that proposal. There has occurred substantial retrenchment from the PIF on a variety of projects as it refocuses on domestic affairs; the attitude to Newcastle appears entirely in keeping with that strategic shift.
Player Sales Saga
The star striker saga was born of that conflict. A more confident management might have portrayed his sale as necessary to free up funds for additional spending; instead there was a unsuccessful effort to retain him. This resulted in Newcastle started the campaign amidst a sense of frustration despite the signings of several new players. The start was indifferent: a single victory in their first six fixtures.
But it appeared a corner was reached. They had won five in six before Sunday, a streak that included convincing wins of a Belgian side and Benfica in the European competition. That’s why the performance against West Ham was so surprising. The problem maybe is that the team's approach is very aggressive, very high-octane; a slight drop-off in energy can have profound consequences. Perhaps the strain of domestic, Champions League and Carabao Cup matches, five games in a fortnight, had got to them. The German forward started all five games and looked especially fatigued.
The Nature of Contemporary Soccer
That’s the nature of today's football. Coaches have to be ready to rotate. The manager has been unfortunate that Wissa’s fitness issue has meant he is short of attacking options but, regardless of how valid the explanations, Sunday’s performance was inexcusable –particularly following scoring first at a ground ready to turn on its own side.
Howe will wish it was just a blip, an off-day when everybody is off-colour simultaneously, but if the Magpies are to qualify for the Champions League next season, not to mention one day launch an genuine championship bid, they must not be as unreliable as they have been.