Jamie Carragher has warned Newcastle to be âvery carefulâ not to lose Eddie Howe to England after the clubâs disappointing transfer window which left players âunsettledâ.
Howe told Sky Sports earlier this summer he had âunwaveringâ commitment to Newcastle amid links with the vacant England post â but added it was contingent on being supported by the club.
The Magpies had already undergone some summer backroom turbulence by that point, with sporting director Dan Ashworth initially put on gardening leave before eventually departing for Manchester United.
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Since Howe recorded that interview, only Sheffield United forward William Osula has joined the club, with a prolonged ÂŁ65m pursuit of Marc Guehi ultimately unsuccessful, and a shock ÂŁ50m Deadline Day bid for Nottingham Forestâs Anthony Elanga also pushed back, leaving the Magpies with a net profit of more than ÂŁ20m across the course of the window.
Crystal Palaceâs Marc Guehi in action during the pre-season friendly match at Selhurst Park, London. Picture date: Sunday August 11, 2024.
Image: Marc Guehi remained at Crystal Palace at the end of the transfer window
That came on the back of a season where Newcastleâs lack of squad depth, coupled with a long-running injury crisis, saw them fall from fourth in 2022/23 to seventh, missing out on European football altogether.
Howe has regularly lamented the effects of PSR on his squad, and both Elliot Anderson and Yankuba Minteh were sold on the final accounting day of reporting for 2023/24, raising ÂŁ65m to help ensure Newcastle will be compliant when their accounts are filed on December 31.
Ahead of the start of the season, Sean Longstaff called Andersonâs departure âreally disappointingâ, and added: âElliot was a massive part of our team, on the pitch, off the pitch.
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âHe was a massive part of it and I think when we we saw it, we were in shock.â
Speaking on Deadline Day, Howe went on to agree his squad had been âunsettledâ by concerns over their own futures amid the uncertainty surrounding Newcastleâs financial situation.
âIf Iâm being honest, it probably mirrors the narrative created and itâs my job to shape that in the most powerful way that I can,â he told reporters.
âItâs not been a clear window for us in terms of just bringing players in. Itâs been difficult the other way as well.â
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Carragher has championed Howe to be the next England head coach and speaking on Super Sunday, warned Newcastle to be careful of allowing his head to be turned following such a disappointing summer.
âIf weâre being totally honest, they may have to sell one of their biggest players for ÂŁ100m to ÂŁ120m and go again,â he said.
âThey might have to do that for two or three years before they can bring that revenue in to keep bringing in better players at maybe lesser prices, like what theyâve done with Guimaraes, with Isak, with Gordon.
âI wasnât worried about Newcastle. Lets talk about them getting all the money and getting trophies, Iâm not sure you can right now. Thereâs a lot of pressure from supporters on Darren Eales the CEO, on Paul Mitchell the sporting director as well. Theyâve got to be very careful they donât lose Eddie Howe.
âEddie Howe is the number one person, I think in most peopleâs eyes, for the England job. If heâs not happy, heâs going to go to the England job. He will.â
Neville: Newcastle at crossroads after PSR stifling
Also speaking on Super Sunday, Gary Neville hit out at the restrictive nature of the Premier Leagueâs PSR rules in holding back clubs who have not already got to the level of Manchester City and others in being able to invest in their squads to compete at the top end of the Premier League.
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Jamie Carragher and Gary Neville assess Newcastleâs transfer window after another frustrating summer for the Magpies
He said Newcastle should have had a more productive summer but argued the existing rules, which are in the process of being re-written, were holding the Magpies back from building a better squad after years of low spending under former owner Mike Ashley.
âI think what theyâve actually done in that first couple of years is build a really good foundation and theyâve been measured. I think weâve all, to be fair, said that theyâve gone really well. We expected them to come in and be flamboyant, maybe a little bit eccentric. Weâve seen what Chelsea have done with all that money.
âNewcastle have been measured and I think theyâve done a really good job. They should have got better players in for them having lost the players that theyâve lost. I think now itâs on that crossroads moment that was always going to come a couple of years in. What do you do next?
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âHow do you then take it on to that next level? How do you support Eddie Howe to get to where he needs to get to? Itâs a very challenging moment that weâre about to embark upon?
âPSR was never designed so clubs had to sell their best academy players â and thatâs what weâre seeing now.
âSomething has to change dramatically in this next 12 months. Newcastle should be able to invest in the squad; PSR needs changing so thereâs owner investment allowed, and Newcastle can get to the level of Manchester City and other clubs.
âWe canât just keep the thumb on clubâs heads and say âyouâre not going to investâ. What we have to do, is do it with security and sustainability in mind. That means the owner funding might have to go in up front. We canât keep Newcastle back and weâre holding them back at this moment in time.â