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<p>Analysis</p>
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alt="Total and net spend revealed - How much have Newcastle spent since the Saudi PFI takeover?"
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title="Total and net spend revealed - How much have Newcastle spent since the Saudi PFI takeover?">
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<p><span>©IMAGO</span></p>
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Newcastle United has been at the forefront of discussions this summer regarding the transfer window. The club has already committed €101 million on players such as Anthony Elanga, Malick Thiaw, and secured a loan deal for Aaron Ramsdale at a fee of €4.6 million. Moreover, Newcastle is poised to finalize the signing of Jacob Ramsey from Aston Villa, with reports from <em>Sky Sports</em> indicating an initial payment of €45.2 million, plus an additional €5.8 million in potential add-ons. Their outgoing transfers have also drawn significant attention, arguably even more so than their incoming signings.
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The Geordie club is embroiled in a major transfer saga involving their star forward, Alexander Isak, who has reportedly expressed interest in leaving for Liverpool. Recent reports suggest that Liverpool made a bid of approximately €128 million for the Swedish striker, but Newcastle swiftly rejected the offer, citing a higher valuation. This situation can be interpreted in two ways: it reflects Newcastle’s ambition to retain their top talent or highlights their intention to maximize the return from Isak’s potential transfer, aiding their attempts to balance the financial books and invest further in the squad. Since their acquisition by the Saudi Public Investment Fund in October 2021, Newcastle’s spending patterns explain the necessity to generate revenue from player sales before enhancing Eddie Howe’s squad.
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alt="Newcastle total spend"
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title="Newcastle total spend"
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<h2 dir="ltr">How much money have Newcastle spent under their Saudi owners?</h2>
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Starting from the January 2022 transfer window, Newcastle has invested €606 million in new players, according to <em>Transfermarkt</em>, including Ramsey's upcoming transfer fee of €45.2 million. This total encompasses the notable signing of Isak for €70 million, as well as other key acquisitions like Sandro Tonali, Anthony Gordon, and most recently, Elanga. However, when compared to other Premier League clubs, Newcastle's spending ranks seventh among English teams, just ahead of West Ham (€569 million) and trailing by around €60 million behind champions Liverpool. Notably, they remain significantly behind the spending of both Manchester clubs, while Chelsea stands out with a staggering €1.67 billion in new player signings over the same period.
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Newcastle fans will recognize the club's obligation to follow the league's stringent Profit and Sustainability Rules (PSR), which encompasses more than just transfer expenditures. Typically, clubs utilize the transfer window to balance their financial accounts. This is where Newcastle appears somewhat constrained by these regulations. Data from <em>Transfermarkt</em> indicates that while Newcastle has spent around €652 million on new signings, they have only generated €179.8 million from player sales during this timeframe. This figure is significantly lower than clubs like Liverpool (€387.7 million), Manchester City (€652 million), and Chelsea (€834 million), resulting in a net spend of €427 million.
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By comparing net spending among English clubs since the January 2022 transfer window, Newcastle's net expenditure stands at €427 million (including the Ramsey deal). This places them fifth in this category, ahead of Liverpool (€318 million) and West Ham (€259 million), but still behind Arsenal (€555 million), Tottenham (€559 million), Manchester United (€726 million), and Chelsea (€838 million). Despite ranking seventh in overall spending on new players, they have ascended to fifth place in terms of net spend, indicating that their net expenditure is greater than their total player acquisitions. Ultimately, this suggests that Newcastle must focus on increasing revenue from player transfers before continuing to invest heavily in new players.
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