Investment
Forbes

Why Newcastle United’s Transfer Strategy Is Flawed And How To Fix It

July 21, 2025
11:20 AM
7 min read
AI Enhanced
investmentmoneyfinancialsportsentertainmentmarket cyclesseasonal analysisdata analysis

Key Takeaways

With just weeks to go until the Premier League kicks off, there is concern that Newcastle is far from ready for what will be arguably its most testing campaign yet.

Article Overview

Quick insights and key information

Reading Time

7 min read

Estimated completion

Category

investment

Article classification

Published

July 21, 2025

11:20 AM

Source

Forbes

Original publisher

Key Topics
investmentmoneyfinancialsportsentertainmentmarket cyclesseasonal analysisdata analysis

SportsMoneyWhy Newcastle United’s Transfer Strategy Is Flawed And How To Fix ItByHarry De Cosemo, Contributor

Forbes contributors publish independent expert analyses and insights

Harry is a freelance writer on Premier League and European soccer AuthorJul 21, 2025, 11:20am EDTJul 21, 2025, 11:28am EDTINNSBRUCK, AUSTRIA - JULY 17: Newcastle United Head Coach Eddie Howe holds a ball under his arm, given current economic conditions

More during the Newcastle United Pre Season Training Session at FC Seefelder Plateau on July 17, 2025 in Innsbruck, Austria (something worth watching). (Photo by Serena Taylor/Newcastle United via Getty Images)Newcastle United via Getty Images It wouldn’t be pre-season at Newcastle United without a dose of anxiety and frustration (quite telling)

Additionally, Supporters are used to difficulty in the summer months, but it doesn’t get any easier to digest each year

However, With just weeks to go until the Premier League season kicks off, there is concern that the is far from ready for what will be arguably its most testing campaign yet

Those fears were not allayed by the first friendly match at Celtic on Saturday

Newcastle was humbled 4-0 in Glasgow; a jolt in the arm for everybody

However, There's context in every game, and it should be noted that Celtic is three weeks ahead of Newcastle in its preparations; at this stage, that makes a world of difference, given the current landscape

However, Newcastle played that game off the back of an intense week of training in the Austrian mountains, amid market uncertainty

The players were ly off the pace, and will need to be in better shape by the time they face Arsenal in Singapore on Sunday

Additionally, But none of that really mattered once Howe had taken his first press conference; Alexander Isak’s absence amid intense speculation linking him with a move to rpool was the headline, but Howe didn’t miss an opportunity to echo the fraught feeling around transfers (an important development), considering recent developments

Only one first team player has arrived this summer, in the form of winger Anthony Elanga from Nottingham Forest, in today's market environment

Although he was one of Howe’s primary targets, costing an initial £52m ($70m), solving a blem on the right wing which has caused issues for a number of years, the slow pace with which Newcastle has strengthened other key areas, and more pertinently the number of first choice options it has failed to land, is a worry (which is quite significant)

Moreover, However, Many people have speculated as to why it has been so tough

Newcastle is in the Champions League and won its first domestic trophy for 70 years; after almost breaching fit and Sustainability Rules (PSR) last summer, there is much more freedom to spend big

Has the Saudi Arabian Public Investment Fund (PIF) lost interest

What does the future hold

Moreover, Conversely, MORE FOR YOU Some have even compared this summer to the inactive, ineffectual years under previous owner Mike Ashley, such has been the volume of silence at times

But the issue is completely the opposite; Ashley used Newcastle as a tool to mote his other es, and did not want to spend big money on new signings (quite telling)

PIF, for all the fair questions being put its way over its motivation to help Newcastle grow, has backed a number of big money bids this summer, including one which would have broken the ’s transfer record

Ambition is the blem, of s, given the current landscape

Newcastle has made itself competitive with a shrewd apach to recruitment, signing a combination of high ceiling, potentially world class, players from European s Isak, Sandro Tonali and Bruno Guimaraes, players from English s who have developed with Howe’s coaching, such as Tino Livramento and Lewis Hall, and the best of teams relegated from the Premier League, including Harvey Barnes and Nick Pope

Similar options are on the table for Newcastle this summer

It's in need of a striker, goalkeeper and central defender as a minimum, has opted instead to move for lower risk targets; that comes at a literal cost, given the current landscape

Meanwhile, Dean Huijsen, Matheus Cunha, Bryan Mbeumo, Joao Pedro and Hugo Ekitike have all been struck off the list because they’ve signed for the s of Real Madrid, Chelsea and rpool

James Trafford, a long time goalkeeper target, is said to be closing in on a return to former Manchester City. "It has been a really frustrating summer," Howe told reporters on Saturday. "We've been very close to signing several players and for different reasons - there's not one theme why we haven't signed more - we've up missing out on a few who would have made a difference

On the other hand, "The one most important factor in any transfer is the player has to want to come to Newcastle

We're a very ud and are ud of what we do, so any player has to feel that

Nevertheless, “If they don’t, for whatever reason, I don’t think it’s a healthy transfer, amid market uncertainty

Every player we have signed to this point, that’s gone on to be hugely successful with us, has had that desire to come

So, for me, that’s the number one thing, amid market uncertainty

On the other hand, "NEWCASTLE UPON TYNE, ENGLAND - FEBRUARY 05: Alexander Isak of Newcastle United celebrates scoring a, in this volatile climate

More goal that is later ruled out by VAR with team-mate Sandro Tonali during the Carabao Cup Semi Final Second Leg match between Newcastle United and Arsenal at St James' Park on February 05, 2025 in Newcastle upon Tyne, England

However, (Photo by Chris Brunskill/Fantasista/Getty Images)Getty Images How does Newcastle United solve its transfer issues

However, Missing out on targets is tough, but understandable when they go on to play for richer, more historical s than Newcastle

What Howe says magnifies the flaw in the plan; Newcastle wants to make immediate imvements to the first team, but can’t or won’t pay on a similar level to the competition, in today's financial world

So, not only is being desperate to join Newcastle a necessary requirement, it has to be in spite of knowing they will ly earn less than they could elsewhere

Suddenly, a very small pool of players becomes a non-existent pool of players

The beauty of deals Isak and Tonali was the players were every bit as good as the requires now

Nevertheless, The same rivals had looked at them and decided against moving for whatever reason, be it form or injury

In 2022, the last summer when seemingly everyone wanted a striker, Manchester City signed Erling Haaland early in the window, in today's market environment

Nevertheless, Rpool led, and won, a Europe-wide charge to sign Darwin Nunez from Benfica, which also involved Newcastle

By the time it came to signing Isak in late August, Newcastle had a run to sign him and gambled that he’d make good on his potential

In contrast, He’d scored just six league goals the previous season and the £63m ($85m) fee paid was viewed as a huge risk (remarkable data)

Three years on, rpool is desperate to sign Isak for a British record fee and willing to sell Nunez in a cut-price deal

Furthermore, The illusion of certainty in football only drives up prices, and Newcastle cannot pay them

Additionally, It isn’t a lack of ability or willingness to sign players that is holding the back, but rather its own choices

Furthermore, Taking similar gambles on potential and backing Howe’s ability to develop it is the only realistic way forward (noteworthy indeed)

However, Editorial StandardsRes & PermissionsLOADING PLAYER.