Newcastle Withdraws from Guehi Transfer Deal

Newcastle United's sporting director, Paul Mitchell, recently clarified the club's cautious approach in the transfer market, specifically regarding their decision to withdraw from a £70m deal for Crystal Palace defender Marc Guehi. This decision is part of a strategy to avoid what has been termed the 'Newcastle tax' on player prices, which has inflated costs since the club's takeover by Saudi Arabia's Public Investment Fund. Mitchell emphasized that the club prioritizes long-term financial sustainability over short-term gains, stating that they will not overpay for players. Despite criticism for not securing marquee signings during the summer transfer window, Mitchell believes this approach will ultimately benefit Newcastle’s growth and competitiveness. The club is also considering future signings, including Crystal Palace's Adam Wharton and Boca Juniors' Kevin Zenon, as they prepare for the January transfer window. Mitchell's focus on prudent spending reflects a significant shift in the club's transfer philosophy, aiming to set a precedent in the market.