The Magpies have newly-found riches following their £305m takeover, with a Saudi Arabia-backed consortium financing the move amidst heavy criticism over the country’s human rights record.
Newcastle is now the richest club in the English Premier League and fans will be hoping their new owners could also take the club up the league table and potentially back into Europe.
But first, they need to get away from the relegation zone. The Toons are currently without a manager after Steve Bruce’s sacking earlier this month, so Newcastle’s new owners need to appoint a manager and a director of football.
— The Chronicle (@ChronicleNUFC) October 26, 2021
With plenty of work to do for the club’s owners, Newcastle and England icon Alan Shearer has urged his former club to splash the cash bring in at least three key players in the January transfer window.
“I expect some action [in the New Year] – absolutely. If that weren’t to happen, then NUFC would be in big trouble.
“The owners have said there is money to spend – but Newcastle fans, pundits and former players, we’re all going to have to be very patient because it’s not going to happen overnight, or a month, it’s going to take a long time.
“It’s going to be a certain type of player first and foremost to get Newcastle out of the relegation zone.
“Then to entertain, players who are solid and committed to the football club and are prepared to give everything.
“There will be players who will be desperate to come to Newcastle to prove themselves and to improve the squad because that is, without doubt, is what is needed. We could do with players straight down the spine.
“They’ve been poor defensively – they need a defender or two [and] certainly a creative midfielder.
“And with Callum Wilson, his career will tell you he will pick up injuries and won’t play every game. So they need another forward to put the ball in the back of the net to try and take the burden away from him for when he is and isn’t playing.
“So three players without a doubt – a centre-half, a creative midfielder and a forward.”
Newcastle sit 19th in the Premier League and haven’t won a single game this season.
Relegation to the Championship would be the worst possible start to the club’s Saudi Arabia-backed takeover, so they are expected to splash the cash in Janury.
The Toons have been linked with a number of players, including Conor Coady, Alexandre Lacazette and Eden Hazard.