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New rich tag for Newcastle difficult - Howe

Newcastle United struggle with being labeled one of the richest teams on the planet.Read more on Tribal Football


  • May 09 2024
  • 18
  • 6801 Views
New rich tag for Newcastle difficult - Howe
New rich tag for Newcastle dif

Newcastle United struggle with being labeled one of the richest teams on the planet.

The Magpies are owned by the Saudi Arabian Public Investment Fund, but are not able to spend all their wealth.

Financial Fair Play rules mean the Magpies can only spend a percentage of what they are bringing in as income.

“Whenever you hear Newcastle mentioned externally in the media, it's always the 'richest club in the world' tag that goes next to it," Howe told The Overlap.

'That's been difficult for us, because there's always been that pressure on us even though we're not living that reality. We've had to battle that; the players have handled that really well.

“I've come from a club like Bournemouth that had to invest to grow, so I think if the owner has the money and wants to invest in a safe way and put the money into the club, then why can't he spend that money?

“I think that's how football clubs should work - we don't want to see clubs getting into financial problems long-term, but if that money is ringfenced then they should be able to use it."

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