LATEST UPDATE: Darren Eales outline ‘world class’ five-year plan that Newcastle United supporters will love
Darren Eales has conveyed to Newcastle United supporters that the ownership, backed by Saudi interests, is committed to constructing a “world-class” club that contends for trophies within a span of five years.
Despite a 70-year drought in domestic trophies, Newcastle fans have glimpsed moments of success, notably reaching the Carabao Cup final last year, albeit with heartbreak, and experiencing Champions League football this season. Although the team’s performance has waned in the 2023-24 season, the ambitious ownership remains steadfast in their pledge to make such achievements a regular occurrence. Amanda Staveley, upon her arrival, assured fans of Newcastle’s aspiration to compete at the highest levels of global football, a commitment that remains unchanged.
In recent times, Eales has tempered expectations, acknowledging the possibility of player sales in the upcoming summer transfer window due to financial fair play (FFP) and profit and sustainability rules (PSR) constraints. Despite these challenges, Eales convened with the newly established Fan Advisory Board last month to reiterate the club’s lofty goals. Minutes from the meeting have been disclosed, with Eales outlining the club’s vision for the future.
“We are determined to establish a results-oriented, world-class, and financially sustainable organization that consistently achieves top-six standings for both men’s and women’s teams and secures major trophies within the next five years,” Eales assured the board. “While our revenue growth has been remarkable in recent seasons, we recognize that we still lag behind the Premier League’s top six clubs due to our initial low revenue base. Consequently, we must explore avenues to boost revenue streams through various channels, including matchday earnings, commercial partnerships, merchandise sales, and hospitality offerings.”
Eales emphasized the club’s commitment to maximizing investments within the constraints of financial regulations, highlighting the importance of seeking alternative revenue sources to ensure sustained growth and competitiveness on and off the pitch.