Newcastle coach Eddie Howe spoke about the club’s plans ahead of the summer spell, saying the Magpies “can’t afford players like Cristiano Ronaldo or Neymar for now”. Despite the fact that the club is currently controlled by Saudi owners (PIF) who decided to take over the historic English club in 2021, Howe thinks it is not yet time to see big names move to Newcastle.
There have been rumors in recent days of Cristiano Ronaldo and Neymar going to Newcastle, but Eddie Howe was clear when he spoke to the media on Friday ahead of Sunday’s game against Arsenal. “It’s best to discover players before they explode on the world stage. We couldn’t come close to paying those players as they are the best players in the world.
“We will never be able to afford those transfer fees and wages at the moment, so we have to go under and find them young and develop them into the players they can be.”
Howe insisted that now is not the right time for the club to invest money in players like Neymar or Ronaldo. “That kind of speculation has been there from day one since the takeover, actually. Everyone then naturally assumed that the biggest names in world football would go to Newcastle.
“Now we haven’t recruited that way. Financially we can’t recruit that way at the moment, but we also need to get the right people and the right players into the group. I will say the transfer market is such a complex decision, you can’t just pick a name and bring them in. There’s a lot of thought that needs to be put into what we’re doing, both financially and looking at the players.”
Newcastle is 80% owned by Saudi Arabia’s Public Investment Fund (PIF) and has spent more than $315 million on players over the past three transfer windows since they took control of the club. Newcastle are currently third in the Premier League, but will host Arsenal on Sunday this weekend. However, it is almost certain that they will play Champions League football next season, ushering in a new era for the English club.