Surprise reports surfaced on Monday evening stating that Newcastle United have made a move to sign Hugo Ekitike to play alongside Alexander Isak.
In a huge statement of intent, Eddie Howe is eager to bring another quality striker to Tyneside to play alongside Alexander Isak, rather than replace him.
Newcastle United have already made moves in the transfer market, with Anthony Elanga signing a five-year deal last week. Now, it has been revealed that the Magpies are very eager to get a deal done for the 23-year-old Frenchman, who is currently playing for Eintracht Frankfurt.
Hugo Ekitike has reportedly agreed a five-year contract with Newcastle, so it is just a case of the two clubs agreeing on a transfer fee before he joins the squad.
However, with a deal for Ekitike believed to be over £60million, there will naturally be some concerns within the fanbase over making other signings. PSR has been a problem for Newcastle in the past, so it is important they tread carefully and do not find themselves in a similar position as in the 2024 summer window.
With talks continuing for Ekitike, a new report has shared what it means for the Magpies’ PSR stance.
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Newcastle United will not need to sell after signing Hugo Ekitike
Thankfully, it is good news for the Magpies, who will surely have been looking at how much they could spend this window before making such big moves.
The total spending will likely exceed £125m if Ekitike signs, which is a significant price for two players.
According to The Athletic, Newcastle will not need to sell players if Ekitike signs. His fee and wages would add to the club’s annual costs, but it comes in a year where Newcastle are playing in the Champions League with much higher financial incentives than before.
Newcastle announced a turnover of £320m in March for the 2023/24 season, and while it is not known exactly how much was made for 2024/25, it is clear there is money to spend this summer.
Additionally, Newcastle received a £73m PSR boost in July when their heavy spending from three years ago fell out of the cycle.
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Newcastle United are building a superteam amid Hugo Ekitike talks
With Elanga’s deal done and Ekitike likely to follow, it is very clear that Newcastle are quickly becoming a force to be reckoned with in the Premier League.
Howe made it very clear he wanted a busy summer, and it is shaping up to be everything he was hoping for. Signings like this also show how keen Newcastle are to keep their important first-team players at the club.
Bruno Guimaraes called for new signings at Newcastle just minutes after Champions League qualification was confirmed. He was well aware that the squad was too small and wanted Howe to do something about it.
The Ekitike deal is a real statement of intent from Newcastle, showing other clubs in the Premier League there is a new superclub in town. Fans dreamed of making big-money signings after the takeover in 2021, though it did not happen immediately. But now they are seeing the potential of the PIF’s unthinkable wealth and how it can transform the club into one of the most feared teams in the league.
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