The Saudi Arabian owners of NEWCASTLE UNITED are still fully dedicated to their goal of re-establishing the team among the best of Europe, but they realize they will need to exercise patience as they navigate the Premier League’s Profit and Sustainability rules.
In his first news conference since taking over as the Magpies’ sports director earlier this summer, Paul Mitchell made that point clear yesterday.
Following the team’s 2-1 victory over Tottenham, Mitchell had his first in-person meeting with Newcastle chairman Yasir al-Rumayyan on Sunday at St. James’ Park. Although doubts have been expressed regarding the Saudi PIF’s level of support and interest in the team given the team’s failure to qualify for Europe the previous season, the new Magpies chief is completely certain that the Middle Eastern owners are still as dedicated and passionate as ever.
While some may have seen the PIF’s lack of investment during the summer transfer window as evidence that they were cutting down on their financial support, Mitchell claims that their desire to see Newcastle advance and flourish is stronger than ever.
Mitchell stated, “He (al-Rumayyan) is as ambitious and enthused as ever.” The amount of ambition that exists has actually made me a little older.
“He has a lot of ambition, but I can only comment from our interactions. He wants us to perform at the highest level possible, and I don’t only believe it’s because of the money we spend; I also think that he wants us to be the best in the class at whatever we do.
His goal is for us to be at the top, but he wants us to be there for reasons that people respect, whether that is via coaching, innovation, scouting and recruiting, women’s team, analytics and intelligence, or youth development. And that entails running a really efficient, well-run football team. That struck me as the primary takeaway from our meeting.
Almost three years ago, when the PIF originally acquired Newcastle, both al-Rumayyan and the previous director, Amanda Staveley, talked confidently of taking Manchester City’s place as the top team in English football.
The Premier League’s PSR regulations, which drastically restrict the amount of money the club can spend on salaries and transfer fees, have now provided the ownership group with a crash tuition in the difficulties of trying to bargain.
In order to avoid a points penalty, Newcastle had to sell Elliot Anderson and Yankuba Minteh in a fire sale at the end of June. However, other teams have been criticizing the PSR regulations in public for a growing amount of time, with Manchester City attempting to have the Premier League arbitrated.
That is still the PIF’s stance, even if it means acknowledging that Newcastle’s growth may not go as quickly as anticipated following Mike Ashley’s ouster in 2021.
Mitchell said, “He (al-Rumayyan) is a very smart man.” He’s observant enough to see that the club is expanding, and I believe he’s astute enough to recognize that this expansion has occurred rapidly in a little period of time.
In addition to being extremely ambitious, he is also quite shrewd. Over the past three days, I believe we’ve all reached the same conclusion: we need to map this differently.
“That can’t work today, so we’re going to have to approach this differently than we have for the past two and a half years. These limitations apply to us. Will it have an impact on our destination? No. Will it have an impact on the speed? Completely.
In addition to patience, there is a plan. I think we’re all secretly hoping to be the best. There isn’t a greater goal than that, in my opinion, thus having it as your aim isn’t inherently wrong. It motivates everyone of us to improve every day.
“We must strive to achieve that objective. Does he want us to hold the top spot? Indeed. Is it right to be afraid of that goal? No. However, is it the true that we must be
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