The Reasons Middle Eastern Investment Hasn't Transformed The Magpies into Championship Contenders

Eddie Howe isn't typically given to dramatics or grand media statements. So by his usual demeanor, his media briefing after Sunday’s 3-1 defeat counts as a angry tirade. Newcastle scored first but West Ham took the lead by the interval, while also striking the woodwork and having a penalty revoked by VAR, prompting Howe to make a triple change at the break.

“The opening period was particularly irritating,” Howe stated. “Virtually any player could have been substituted and I think that was a reflection of our performance level at that stage in the game and it’s very, very rare for me to feel that way. In fact, I don’t think I have during my tenure as head coach of Newcastle, so I felt the squad required a significant change at half-time. That’s why I made those decisions.”

Anthony Gordon, Nick Woltemade and Emil Krafth all came off at the interval and the team managed to steady somewhat in the latter period, but never really looking like they could fight back into the contest against a side that had won only one of their previous nine fixtures. Given the congestion the centre of the table is, with just three points separating the top spots from mid-table, and a nine-point margin between the upper and lower ranks, a sequence of twelve points from 10 games has not left Newcastle adrift but, similarly, they cannot finish the season in thirteenth place.

The Problem of Perception

The problem to an extent is one of perception. In the Saudi Public Investment Fund, Newcastle possess the wealthiest owners in the globe. The expectation at the time the Saudi fund acquired 80% of the team in 2021 was that it would have a transformative effect, as Roman Abramovich had at Chelsea or the City Group did at the Etihad. The difference is that both of those owners took over prior to the advent of FFP regulations (and the current charges against City concern whether they breached those regulations once they were implemented).

Profit and sustainability restrictions limit the capacity of proprietors, no matter how wealthy, to invest funds on their squads and so in that sense probably might have hindered any Middle Eastern attempt to raise Newcastle to the level of City. However it wasn't necessary for Newcastle’s expenditure to have been quite as cautious as it has been; they could have spent more and remained within the limit – or simply taken a relatively meagre Uefa fine given their major problem is more with the continental than the Premier League regulation.

Infrastructure Spending and Financial Regulations

Additionally, infrastructure spending is excluded from Profit and Sustainability calculations; the simplest method to raise income to create more financial headroom would be to extend or renovate the arena. Given the location of the home ground, with protected structures on multiple sides, practically that likely means building an entirely new venue. Rumors circulated in March of possibly undertaking the short move to Leazes Park – opposition from local groups could surely have been surmounted with a commitment to create a new park on the existing ground location – but there has been no movement on that proposal. There has been significant retrenchment from the Saudi fund on a range of initiatives as it refocuses on local investments; the approach to Newcastle seems completely in keeping with that strategic shift.

Player Sales Situation

The star striker episode was arose from that conflict. A more confident leadership might have portrayed his transfer as necessary to free up funds for further spending; rather there was a vain attempt to keep him. That meant Newcastle started the campaign amidst a sense of disappointment even with the signings of Woltemade, Yoane Wissa, Jacob Ramsey, Malick Thiaw and Anthony Elanga. The opening was mixed: one win in their initial six fixtures.

Yet it appeared a corner had been turned. They secured five victories in six matches before Sunday, a streak that included convincing wins of Union Saint-Gilloise and a Portuguese club in the European competition. That’s why the performance against the Hammers was so surprising. The problem maybe is that the team's approach is very aggressive, high-energy; a minor decrease in energy can have significant consequences. Maybe the strain of Premier League, Champions League and Carabao Cup competition, five fixtures in 15 days, had taken its toll. The German forward started all five games and appeared particularly weary.

Reality of Contemporary Soccer

That’s the nature of today's football. Coaches must be prepared to make changes. Howe has been unfortunate that Wissa’s fitness issue has meant he is short of forward choices but, regardless of how reasonable the reasons, the weekend's performance was inexcusable –especially after scoring first at a ground primed to criticize its home team.

The Newcastle boss will hope it was just a blip, one of those days when everybody is off-colour simultaneously, but if Newcastle are to qualify for the Champions League next season, not to mention one day mount an genuine title challenge, they cannot be as unreliable as they have been.

Sean Hall
Sean Hall

A passionate designer with over a decade of experience in digital and print media, dedicated to sharing innovative ideas.