In the last Champions League match of the group stage played by Newcastle on Wednesday, the Magpies suffered a 2-1 come-from-behind defeat 2-1 at the hands of AC Milan inside a sad St James’ Park, resulting in their elimination from the tournament in front of their faithful.
The loss relegated NUFC to fourth place in their group, thereby ending their European campaign without even a brief taste of the Europa League, that privilege going to Milan instead.
Borussia Dortmund and Paris Saint-Germain successfully advanced in the Champions League by finishing first and second in the so-called Group of Death, while AC Milan, following their victory over Newcastle, will enter the knockout stage of the second-tier Europa League.
Newcastle United, according to The Athletic will now face the harsh reality of their elimination and its significant financial implications.
How much did Newcastle lose by not qualifying?
The financial loss for Newcastle due to this elimination is substantial, per Chris Waugh’s report.
While an exact figure is hard to determine due to variable TV payments and other factors, his estimates suggest a missed opportunity of earning an additional £12-to-15 million had they clinched a place in the Round of 16.
This amount could have been even higher had Newcastle progressed further in the competition.
How does the elimination impact Newcastle’s FFP constraints?
Regarding Financial Fair Play (FFP), Newcastle United had previously eased some concerns by qualifying for the Champions League this season, which had expanded their budget for the short-to-medium term.
However, as co-owner Amanda Staveley emphasized last season, the team still operates under strict financial scrutiny, wrote Waugh.
“We have to be very careful and analytical,” Staveley noted, highlighting the importance of making smart and prudent investments in players without going wild, knowing the volatility of the past, present, and future results the club can get on the pitch.
The mentality, per Waugh’s report, hasn’t changed even with Newcastle being alive in four different domestic and continental competitions as recently as last Tuesday.
How does this change the January transfer window plans?
Newcastle’s sporting director, Dan Ashworth, acknowledged a slight degree of flexibility in their budget for the January transfer window but emphasized the need for “creativity” in their approach.
Newcastle United does not plan a significant influx of new players but intends to remain active in the transfer market, mostly because of the many injuries impacting the Magpies this season.
Newcastle is exploring various strategies to maximize their constrained budget, including considering loan deals with options or obligations. The team’s priorities shifted towards recruiting a midfielder after Sandro Tonali’s 10-month suspension in October. Manchester City’s Kalvin Phillips is a potential loan target, among other options. However, Ruben Neves of Al Hilal is not considered a target despite being admired by the club.
Following goalkeeper Nick Pope’s shoulder surgery, Newcastle is also contemplating strengthening their goalkeeping options, a position not previously considered a priority for the mid-season transfer window.