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Eddie Howe believes Newcastle United's Saudi backers remain committed to the club despite cutting funding for LIV Golf. He emerged from a review confident in the Public Investment Fund's dedication to the club's ambitious vision.
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Howe believes Newcastle's Saudi backers remain committed to the club (Reuters)
Eddie Howe remains convinced that Newcastle Unitedâs Saudi backers are fully committed to establishing the club as a global football powerhouse, despite a recent review of a challenging season and the Public Investment Fundâs decision to withdraw funding from LIV Golf.
The 48-year-old head coach emerged from a "constructive" review at Matfen Hall on Thursday, confident that Saudi Arabiaâs Public Investment Fund (PIF), which holds an 85 per cent stake in the Magpies, is still dedicated to the ambitious vision set out when they took control in October 2021.
His discussions were held with Yasir Al-Rumayyan, chairman of both Newcastle and PIF.
These talks coincided with the Saudisâ announcement that they will cease funding LIV Golf, into which they have invested over $5bn (ÂŁ3.7bn), at the close of the 2026 season. Despite this significant financial shift, Howe indicated he did not push for any specific assurances regarding PIFâs future financial support for Newcastle.
Howe met with Yasir Al-Rumayyan on Thursday (right) (PA)
"No, and I didnât seek any either," Howe stated. "But Iâd say that what came through was the determination to succeed and to continue to grow the club in every aspect.
The specific reasons for the funding cut have not been detailed, but it follows a review of a challenging season.
Eddie Howe is the head coach of Newcastle United, overseeing the team's performance and development.
The Public Investment Fund owns an 85 percent stake in Newcastle United.
Eddie Howe met with Yasir Al-Rumayyan, the chairman of both Newcastle United and the Public Investment Fund.
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âThe desire is unchanged, to try and get to the top of the Premier League, to try and win as many trophies consistently as possible that I donât think while PIF are, our owners, or part owners, majority owners that will change. They are very ambitious for the football club."
Howe described the meetings as consistently productive, highlighting the ownersâ deep care for the club and their long-term strategic planning.
"Itâs always constructive because they clearly care so much about the football club, the long-term planning thatâs clearly going on, on a number of levels,â Howe said.
âItâs very exciting times ahead for the club, regardless of what happens short-term. The long-term vision is clearly there."
While Howe has previously guided the club to the Champions League and ended a 70-year wait for a major domestic trophy during his tenure, he conceded that this seasonâs league form has been below par. This was reflected in the intensity of Thursdayâs discussions.
"They were challenging conversations, challenging questions, but thatâs all part of it," he explained.
Joelinton is available this weekend after serving a suspension (Reuters)
"Those meetings, Iâve had that every year regardless of our league position where youâll be challenged and probed on certain decisions that youâve made, how weâve ended up in certain scenarios, and then you explain the process behind it. This year, of course, slightly more difficult questions because of our league position, thereâs no getting away from that."
Howeâs own future has been a subject of intense speculation following a run of nine defeats in 12 Premier League games, leaving Newcastle in 14th place, eight points shy of European qualification but equally distant from the relegation zone.
As the Magpies prepare to face Brighton at St Jamesâ Park on Saturday, Howe remains focused on steering the club forward.
"I have to retain that confidence. I donât think that serves anybody not to have that long-term vision. But we need to win games."
Midfielder Joelinton is available after serving a two-match ban, while Anthony Gordon could return from a hip flexor injury.