Newcastle United fans have woken up in dreamland today after the club’s long-awaited takeover went through yesterday. Former owner Mike Ashley is out and Saudi Arabia’s Public Investment Fund, PCP Capital Partners, and RB Sports & Media are in.
PIF, which has managed to persuade the Premier League that it is separate from the Saudi state, has assets of £250billion.
Newcastle have therefore gone from the financially stringent 14-year spell under Ashley to becoming one of the richest clubs in the world overnight.
While all the initial noises from PIF and financier Amanda Staveley have been about long-term investment and building the club up across the board, the Magpies will certainly benefit from their newfound wealth in the January transfer window.
According to the Daily Mail, that could mean expenditure of £200m over the next few seasons, due in part to the position Ashley has left Newcastle in.
Financial Fair Play rules limit losses over a three-year period to £105m, but because Newcastle have actually turned a profit of £38m over the past three years, they could spend around double the limit before the end of the 2023/24 season.
Newcastle bought just one player in the summer transfer window – Joe Willock for £22m from Arsenal – but it seems the club now have dollar signs in their eyes.
Here are five realistic but exciting signings the Magpies could make when the window opens on January 1.
Saudi Arabia are not getting involved in Newcastle to continue running the club along the same lines as Ashley.
Like Abu Dhabi’s takeover of Manchester City in 2008, we are likely to see some statement signings in the coming years.
Coutinho fits that bill nicely. He is a former Premier League star with Liverpool and has also played for Bayern Munich and Barcelona before falling on hard times.
Still only 29 years old, Coutinho cost Barca £142m just three years ago, but the cash-strapped club would surely be open to selling him now.
In many ways Coutinho hits the sweet spot: he’s a big name, available and still has a very high ceiling.
Ramsey is another player Newcastle could bring back to the Premier League with a high-profile move.
The Welsh midfielder joined Juventus from Arsenal in 2019, with BBC Sport reporting his wages to be worth a whopping £400,000 per week.
But just two years later his future is uncertain in Turin. Ramsey has never established himself in the Old Lady’s side, making 24 league appearances in his debut year and 22 last terms.
Ramsey will be 31 in January and may well consider a move back to the Premier League, even if he has to take a significant pay cut.
If he can find some form, then Ramsey would undoubtedly be a step up in quality for Newcastle’s midfield.
Lingard is still unsure of his place at Manchester United, despite putting in solid performances every time he plays.
Like Willock, Lingard found form on loan in the second half of last season and he could follow the former Arsenal midfielder’s lead to the northeast.
Lingard is a victim of the squad competition at Old Trafford, but at Newcastle, he would be established as one of the team’s stars, given the freedom to roam into dangerous areas.
At present, Lingard is set to be out of contract in June, meaning he will be able to negotiate with other clubs in January. Newcastle should consider it.
Tarkowski is another player who will be out of contract in June. West Ham and Leicester had bids in excess of £30m turned down by Burnley in the summer of 2020, but he would be available for a lot less in the upcoming windows.
Tarkowski is a very experienced Premier League center-back who would fit in nicely at Newcastle, whose defense is one of the weakest in the division at the moment.
The 28-year-old is bound to have other offers in 2022, but the Magpies could make a real statement by landing the defender.
Burnley are currently struggling at the foot of the Premier League table, like Newcastle, so Tarkowski might fancy jumping ship to a more upwardly mobile side that also has the ability to pay higher wages.
Newcastle currently have Martin Dubravka, Karl Darlow and Freddie Woodman on the books as goalkeepers, but none of them have been convinced for long periods between the posts.
Ajax keeper Onana is currently serving a doping ban after the Cameroon international said he took a pill containing furosemide after mistaking his wife’s medicine for aspirin.
The 25-year-old’s suspension expires on November 4 and he seems to have no shortage of options in terms of transfer opportunities.
Inter Milan, Arsenal, and Barcelona have all been linked with him – and Newcastle should join that list.
Signing a top-class goalkeeper with Champions League experience would be an important step on Newcastle’s journey up the table.