David Moyes believes that Newcastle United’s recruitment strategy may have shifted after PIF became over.
In October 2021, PIF, Amanda Staveley, and Jamie Reuben bought Newcastle United from Mike Ashley for £305 million.
Since then, St James’ Park has seen significant transformation. Newcastle United is a club full of desire, aiming to reach the top of the league and disturb the status quo. They certainly have done so before, having competed in the Champions League last season.
There has been a lot of investment on Tyneside, with Eddie Howe able to spend the money on quality players. It is rare for a transfer window to go by without a big signing, and this summer is expected to end with the arrival of a new right winger.
Major foreign players, including Bruno Guimaraes, Alexander Isak, Sven Botman, and Sandro Tonali, have arrived for a large fee. They invested in Newcastle’s PIF project, demonstrating that top-tier players are eager to relocate to the Northeast.
David Moyes, however, claims that this has not always been the case.
Moyes has appeared on The Rest Is Football podcast with Gary Lineker, Alan Shearer, and Micah Richards, reflecting on his career as a player and manager.
That includes his spell as Sunderland boss, which Shearer asked him so eloquently about following the discussion about his Real Sociedad career.
“All good things have to come to an end, but why did you decide to go to the unwashed?” Shearer asked.
“I’m joking Sunderland fans! We might have to take that bit out…”
Moyes then discussed his choice to move to the Stadium of Light, as well as the difficulties he faced in encouraging players to relocate to the North East.
Moyes: “Sunderland is a great club. And Alan will know this, I don’t know if you can attract the players to the North East. It’s really tough. Now Newcastle are attracting some great players up there, but maybe that’s because if you pay well enough you get them.”
In the past, Newcastle and Sunderland struggled to persuade specific players to go to the North East.
Fortunately for the Magpies, the club’s newfound cash and fresh desire have made this less of a concern.
In reality, the bigger issue is actually being able to spend. When you look at the players who have moved to St James’ Park, bringing them to Tyneside is not a problem.
The issue is that Premier League clubs are limited in their ability to spend money due to profit and sustainability criteria. It’s a huge issue this month, with Newcastle apparently under pressure to sell someone by June 30th.
As Moyes points out, Newcastle has attracted some outstanding players in recent years and would have attracted more if it hadn’t been for PSR. The constraints are holding back clubs like Newcastle, which have the money and ambition to advance.
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