By Dr Dan Plumley

19th Nov, 2022 | 4:11pm

Finance guru: 'Sky is the limit' for Newcastle United as multiple South American deals on cards

Newcastle United will benefit both on the pitch and in the commercial department if they continue to recruit and retain South American stars.

That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the Magpies’ ambitions to expand their reach in the region.

Three of Eddie Howe’s standout performers in 2022-23 – Bruno Guimaraes, Joelinton, and Miguel Almiron – hail from South America.

The club has reportedly broadened its scouting network on the continent, with many members of the recruitment department focused squarely on it.

The I reported in late October that Newcastle believe that Guimaraes’ success at St James’ Park in particular can help them coax rising stars from South America.

As relayed by Chronicle Live on Thursday (17 November), Argentine media outlets are reporting that the Tynesiders are now targeting 20-year-old Maximo Perrone, who plays for Velez.

Click below for exclusive transfer news

Plumley explains why bringing talented South Americans to the north east will be good for business as well as results on the pitch.

“I think this is as much to do with commercial possibilities as it is to do with talent recruitment,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.

“They are under no pressure whatsoever to sell players like Guimaraes, so this can become a strategic direction for them.

“There are big growth opportunities in South America. We know Brexit has factored into that as well from a recruitment point of view.

“Having players already aligned with that market can help potential new signings see the way they can progress at Newcastle.

“However, having these South American players can be key to the commercial element as well. The sky is the limit for them really.”

In other news, Newcastle United told to “break the budget” to sign Mykhaylo Mudryk after £87.5m reveal.