Kieran Maguire salutes ‘very sharp’ Newcastle United as £30m transfer plan emerges
Newcastle United are wise to target the loan market in order to reserve their budget for future transfer windows.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the Magpies’ strategy in the current window.
Sven Botman, Matt Targett and Nick Pope have signed for the new-money Tynesiders this summer for a combined total of close to £60million.
This site revealed on Wednesday (17 August) that they are now ready to submit a new bid of £25million plus add-ons for Watford striker Joao Pedro.
It is also understood that the PIF regime are eyeing one more marquee signing in addition to the 20-year-old Brazilian, who is under contract at Vicarage Road until 2025.
The i reported last Thursday (11 August) that the Magpies have between £20m and £30m left to spend on transfers and will concentrate their remaining firepower on the loan market.
Maguire saluted the loan strategy, which he insists will help the club develop its long-term vision in a financially prudent fashion.
“I think it’s encouraging to see that Newcastle are employing a strategy rather than replicating a lottery winner who wants to spend, spend, spend and is left with regret years later,” he told Football Insider’s Adam Williams.
“The loan market gives Newcastle flexibility. We saw that with Matt Targett. They saw that they could trust him in the loan period. Both parties were satisfied off the back of that and that allowed a permanent deal to take place.
“It also gives Dan Ashworth and Eddie Howe the time to work out their long-term strategy. I think it’s very sharp.
“They can use the loan market to remove weaknesses with a view to generating higher commercial revenues over the course of the next 12 months, which will in turn improve the budget.”
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