Howe going as spending rules bite - troubles for Newcastle's Saudi owners
Summary
Newcastle United's manager Eddie Howe left the club after a disappointing season and difficult transfer period. The club, owned by Saudi Arabia's Public Investment Fund, sold several top players but did not bring in many new ones, raising questions about their goal to be a top team by 2030.Key Facts
- Eddie Howe became Newcastle United’s manager in November 2021 and left during pre-season in 2024.
- Newcastle finished 12th in the Premier League in the latest season.
- Several key players, including Anthony Gordon, Sandro Tonali, and Alexander Isak, were sold.
- Newcastle struggled to sign new players, missing out on some targets like Johan Manzambi and Victor Munoz.
- The club won the Carabao Cup under Howe, ending a long trophy drought.
- Financial rules called the Profit and Sustainability Rules limit Newcastle’s spending.
- Howe said in March 2024 that there is a limit to what the club can spend, despite big ambitions.
- Matthias Jaissle is reported to be the new Newcastle manager after Howe’s departure.
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