Newcastle United has made progress a year and seven months after its oil capital infusion.
Newcastle drew 0-0 with Leicester City in the 37th round of the 2022-23 English Premier League (EPL) season at St. James’ Park in Newcastle, England, at 4 a.m. ET. With a point, Newcastle sits in third place (70 points).
A draw would have qualified Newcastle for the UEFA Champions League (UCL) on its own. They were only four points behind fifth-place Liverpool. Newcastle started all of their main players, including Isaac, Wilson, Almiron, Guimaraes, Boatman, and Trippier.
The result was a draw. Newcastle consistently pressured Leicester, hitting the post twice in the first half. In the 41st minute, Wilson’s shot from a corner hit the post, and two minutes later, Almiron’s left-footed effort hit the post. Still, the Magpies held Leicester without conceding a goal and achieved their first goal.
It was Newcastle’s first appearance in the UCL in 21 years. Newcastle reached the UCL after finishing third in the EPL in 2002-03. However, they were knocked out in the qualifying rounds by Partizan in 2003-04. After that, the club had nothing to do with the UCL. They even suffered relegation from the league. In 2008-09, they finished 18th and headed to the English Championship (second tier).
Fortunately, Newcastle was promoted right away after one season and has been a mid-table team ever since. Then, in October 2021, a big change came: the Saudi Arabian sovereign wealth fund (PIF) became the club’s new owner. The head of the PIF, Crown Prince Mohammed bin Salman, is reportedly worth an estimated £320 billion ($521 trillion 메이저놀이터).
Newcastle joins the ranks of Manchester City and Paris Saint-Germain (PSG) in having massive oil money behind them. With new manager Eddie Howe at the helm, Newcastle made a number of big-name signings during last season’s winter transfer window, his first since taking over. They brought in Bruno Guimarães, Kieran Trippier, Dan Byrne, Chris Wood, and Matt Targett.
We continued to add to our roster this season, our first season since taking over. Alexander Isaacs, Sven Bortmann, and Nick Pope joined in the summer, and Anthony Gordon arrived in the January transfer window. Over the course of three transfer windows, Newcastle has spent around €286 million.
The investment has certainly paid off. Now that the Magpies have secured a place in the UCL for the first time in 21 years, they will be looking to strengthen in the upcoming summer transfer window. The likes of James Maddison (Leicester) and Kim Min-jae (Napoli) have been consistently linked to the Magpies.