Newcastle have been warned they will have to offer players extortionate wages in order to convince them to sign for the club this summer, once the club’s takeover is complete. The Magpies have been linked with a bevy of world-class players ahead of their prospective takeover.
Newcastle’s controversial takeover is expected to be confirmed within a matter of days.
Despite protests from beIN Sports and Amnesty International, the takeover is expected to still be completed, making the Magpies the wealthiest club in the Premoier League.
A consortium backed by the Public Investment Fund [PIF] of Saudi Arabia is days away from taking the reigns of the club, ending Mike Ashley’s tenure at the helm.
The PIF is said to be worth £320billion, meaning Newcastle will have cash to burn in the market.
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Having been linked with players like Edinson Cavani, Willian and Dries Mertens, it seems unlikely their transfer record of £40m will be around for much longer.
However, former Sunderland player Don Hutchinson has warned the club will have problems attracting players to the north-east, and will have to offer up extortionate wages in order to sign big-name players.
He explained during an appearance on ESPN FC that because of the calibre of teams also interested in their transfer targets, Newcastle will have to do something big to sign top-class players.
“Wages will certainly help, that’ll have to be a factor,” he said.
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“If Newcastle are looking at the likes of Cavani and Willian, they could go to any big club in Europe.
“Newcastle are going to have to offer up something different.
“They’re not going to sell Newcastle on a short-term project, when these guys have been linked with all the big clubs in Europe – Willian has been linked with Barcelona for the last year and a half.
“They’re going to have to offer something different, that would be a massive spike in wages.
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“Then all of a sudden if these guys start to arrive, and Newcastle have got a top-class manager in like Max Allegri or [Mauricio] Pochettino who will attract players in short term, they can start pulling in the best from the Premier League.”
Newcastle are also expected to bring in a new manager at the end of the season, with Allegri and Pochettino believed to be targets.
Allegri hasn’t managed since he left Juventus last summer, while Pochettino left Tottenham in November.
Argentine Pochettino can reportedly take over at the club without the Magpies having to pay a fee to Spurs, however.
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