Newcastle United are set to struggle in the January transfer window, with a report from The Telegraph claiming that there is no money in the transfer budget available to sign new players.
Newcastle United Can’t Spend in January
Steve Bruce Took Over From Rafael Benitez Last Season
Newcastle currently sit 13th in the Premier League table, with fewer points between themselves and the relegation zone than the European places. They’ve also won just two of their last five games.
Bruce has been in charge at the club since Rafael Benitez left back in the summer of 2019. His appointment was met with disdain by a lot of Newcastle fans but he got them to a modest 13th place in the league during the last campaign.
Newcastle United Left With No Transfer Budget
However, he’ll now have his work cut out trying to improve the squad and push on with the club due to the recent news that he cannot invest mid-season.
In addition, to the lack of funds, they’ll also spend the month without both Allan Saint-Maximin and Ryan Fraser due to injury concerns. It means they’ll be struggling without two of their best players and no money with which to replace them.
Instead, boss Steve Bruce is going to have to try and use his wealth of experience and expertise to try and maneuver the loan market, as any permanent moves look unlikely.
Newcastle United Transfer Budget Depleted
So, why the lack of money? According to this report, it comes down, like with many other clubs, to the COVID-19 pandemic. Newcastle have been hit hard by a loss of matchday revenue from the fans, and the television money coming in is currently being used in other aspects of the running of the club.
For Bruce, then, the only ways to carry out winter transfers remain either via the loan market and securing any short-term deals or by selling players to help raise some funds.