By Alex McLeish

31st Jul, 2022 | 10:11am

'Top-class' Newcastle United signing 'very probable' after Kieran Maguire update - pundit

Newcastle United are copying Manchester City as the club attempts to work around financial fair play restrictions.

That’s according to former Aston Villa and Scotland boss Alex McLeish, speaking exclusively to Football Insider about the Magpies’ financial situation.

As relayed by football finance expert and Football Insider pundit Kieran Maguire on Twitter on Wednesday (27 July), Newcastle have confirmed a new charge with HSBC via Companies House.

The exact nature of the borrowing, which is secured against future media income and ticket sales, is not specified.

Newcastle are yet to sign an attacker this summer after securing the services of Matt Targett, Nick Pope, and Sven Botman earlier this summer.

McLeish claims this loan will give Newcastle the ability to sign “top-class” players just as Man City did after their takeover in 2008.

Subscribe to Football Insider TV now

“Newcastle have to do this in a calculated way and this is where the financial side of the club comes into play,” McLeish told Football Insider’s Ben Wild

“The bigwigs are dealing with that because of the financial fair play. Look at Man City a few years ago, they were taken over and there were ways of putting money into the club by naming the stadium differently

“The revenue for those kinds of deals were instrumental in them being able to beat financial fair play and sign top class players.

“It’s very, very probable that Newcastle are going down a similar route.”

Newcastle start their 2022-23 Premier League season at home against Nottingham Forest on Saturday (6 August).

The Magpies finished 11th in the 2021-22 Premier League after a much-improved second half of the campaign.

In other news, Miguel Almiron has been tipped to dazzle after “wowing” one pundit in Newcastle United pre-season.