Bason adds that relegation to the Championship could set Newcastle back a number of years as a result of the more stringent financial regulations in the EFL.
However, he goes on to add that Newcastle should have no problems meeting the Premier League’s financial restrictions this season, stating there could be around “£180 million” to spend.
“The new owners – the reports back in October – when they took over was that they could spend as much money as they wanted to spend.
Speaking exclusively to Chronicle Live, Bason said: “Honestly, I’m kind of surprised that thy haven’t spent more money so far.
Tom Bason, an assistant professor in sport management at Coventry University, admits that may be a decision made by Eddie Howe or the club’s new owners – with relegation in mind.
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“I’m only going on newspaper reports in terms of players that they’ve been linked with.
“It doesn’t seem to be huge amounts at the moment and you don’t know who’s decision that is at the moment, whether that’s the new owners or Eddie Howe’s decision.
“I guess, what I’d be looking at is if Newcastle get relegated. If they do, that’s going to see a significant fall on the investment that was made by the Saudi’s. “The value of Newcastle is going to fall significantly and the revenue is going to fall significantly in terms of money from TV, for example.
“I think Newcastle could get something in the region of £150million from TV money and that could be at max £50million. A club in the Championship isn’t going to get commercial sponsorship or anything like that. “If Newcastle drop into the Championship, that’s going to see them have to comply to Championship Financial Fair Play regulations, which are a lot stricter than the Premier League.”
Newcastle fans need no reminding how dismal their previous transfer windows have been, leaving the squad lagging behind that of it’s Premier League rivals. The lack of investment has culminated in another relegation battle this season, with things looking dire.
Related Articles “For any club there’s two restrictions,” he said. “There’s the cash position where the clubs have the money to spend and I’m assuming Newcastle have the money to spend if they want to.
Related Articles However, the Magpies have the luxury of a transfer window under their new owners and Bason claims that they have a key advantage over their relegation rivals.