February 29, 2024

A round-up of the latest Newcastle United transfer news and rumours.

‘PIF hand Newcastle United green Light’ to complete Saudi Pro League deals. TEAMtalk claim PIF have given Newcastle United the green light to sign players from Saudi Arabia’s Pro League in the aftermath of Sandro Tonali’s ten month ban from football. The Magpies have been linked with a number of midfielders since the news broke about the Italian’s ban from football, with Al Hilal and former Wolves midfielder Ruben Neves among those linked to St. James’ Park.

Ruben Neves is a reported Newcastle United target

The Portuguese international was linked with a move to Tyneside prior to his summer switch, but opted to move to the PIF’s Saudi owned club. Newcastle have tread carefully in dealing with PIF related companies, given the need to comply with Financial Fair Play and not been seen to be fiddling the books.

The sale of Allan Saint-Maximin was highly scrutinised in the summer and it’s likely that would be the same should the Toon make an approach for Neves. PIF own Al-Ittihad, Al-Nassr, Al-Ahli and Al-Hilal – four of the biggest spenders in the division, with the report claiming Neves and Gabri Veiga are on the Magpies’ wish list.

Newcastle United’s Saudi Airline deal at the ‘upper end of FFP limitations’

Football finance expert Kieran Maguire believes Newcastle United’s new deal with Saudi Airline Saudia will be at the upper end of the scale of FFP limitations. The deal, which is reportedly worth £3million per year for the Magpies, was assessed by the Premier League’s Fair Market Value panel given Saudi Arabia’s PIF controlling stake in both Newcastle and the airline.

“A £3 million a year deal for an individual industry partner is certainly very much at the upper end of the scale of FFP limitations,” Maguire told Football Insider. “But Newcastle can legitimately point to the fact that they’re using aircraft more than they have done historically because they’re in the Champions League and therefore they’ve got an increased profile on the back of that.

“It’s not an outrageous sum. Newcastle have been very sure-footed to date in terms of the way that they’ve conducted themselves in relation to sponsors.

“The figures will always be at the top end of what’s deemed to be appropriate. But as long as they’re at the top end as opposed to being above it, I don’t see any problems arising.“

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