Newcastle United face new PSR challenge as Eddie Howe reveals harsh January transfer reality

Newcastle United boss Eddie Howe
Newcastle United boss Eddie Howe (Image credit: Getty Images)

Newcastle United's squad received another blow last week after Fabian Schar was stretchered from the field during the team's 4-3 win over Leeds United at St James' Park.

The experienced Newcastle centre-back sustained what appeared to be a nasty injury after Leeds striker Dominic Calvert-Lewin landed on the Swiss defender, who was unable to continue.

Newcastle fans may need to be patient during January transfer window

NEWCASTLE UPON TYNE, ENGLAND - JANUARY 07: Bruno Guimaraes, assistant manager Jason Tindall and Joelinton of Newcastle United celebrate victory after the Premier League match between Newcastle United and Leeds United at St James' Park on January 07, 2026 in Newcastle upon Tyne, England. (Photo by George Wood/Getty Images)

Newcastle are still in four competitions this season (Image credit: Getty Images)

Malick Thiaw and Sven Botman were both required to complete 120 minutes in the FA Cup Third Round, just days after the seven-goal thriller against Leeds, and with fixtures coming thick and fast, the pair will be stress-tested considerably over the next few weeks.

Newcastle are still in all competitions they have entered this season, competing on four fronts: Premier League, Champions League, Carabao Cup and FA Cup. On one hand, this is a huge positive for the club who go in search of more silverware after last term's League Cup triumph.

Howe: “a sensation”;

Eddie Howe and club captain Bruno Guimaraes go in search of more silverware in 2026 (Image credit: Copyright (c) 2025 Shutterstock Editorial. No use without permission.)

On the other hand, Howe's squad has shown signs of fixture congestion strain with several key players already this season spending lengthy periods sidelined.

The latest appears to be Tino Livramento, who was substituted with a hamstring injury in the eventual penalty shootout victory over Bournemouth on Saturday.

Livramento has struggled with injuries already this season and has proven a big miss when unavailable to Howe's side.

Speaking ahead of Newcastle's meeting with Manchester City in the Carabao Cup semi-final first leg on Tuesday evening, the head coach said on the topic of transfers: "The problem for us is PSR. No one is saying we can't do this or can't do that. The key thing to consider is business now versus business in the summer. Value for money now, value for money in the summer, signing the right player.

"If you sign the wrong player, you’re carrying that for a three, four, five-year contract. Are the right players available in January? There's a lot to discuss and a lot to consider for our short-term need against the long-term decision for the football club."

NEWCASTLE UPON TYNE, ENGLAND - AUGUST 25: Yasir Al-Rumayyan, Chairman of Newcastle United, is seen in attendance prior to the Premier League match between Newcastle United and Liverpool at St James' Park on August 25, 2025 in Newcastle upon Tyne, England. (Photo by Stu Forster/Getty Images)

Newcastle chairman Yasir Al-Rumayyan (L) of the Saudi Arabian Public Investment Fund (PIF) (Image credit: Getty Images)

Howe's words were hardly a ringing endorsement of imminent January business, which could mean the current crop of available players are put through their paces during the second half of what has already been a long campaign.

Previous transfer windows have seen Newcastle sail close to the wind in terms of their spending and abiding by PSR (Profitability and Sustainability Rules), which governs the financial health of clubs in England's top two divisions.

The sale of Alexander Isak for a British-record transfer fee last September has eased Newcastle's PSR worries somewhat, but as is the case with most Premier League clubs, the Magpies do not have a bottomless pit of money to throw around, no matter how wealthy their Saudi Arabian Public Investment Fund-led owners are.

Joe Donnohue
Senior Digital Writer

Joe joined FourFourTwo as senior digital writer in July 2025 after five years covering Leeds United in the Championship and Premier League. Joe's 'Mastermind' specialist subject is 2000s-era Newcastle United having had a season ticket at St. James' Park for 10 years before relocating to Leeds and later London. Joe takes a keen interest in youth football, covering PL2, U21 Euros, as well as U20 and U17 World Cups in the past, in addition to hosting the industry-leading football recruitment-focused SCOUTED podcast. He is also one of the lucky few to have 'hit top bins' as a contestant on Soccer AM. It wasn't a shin-roller.

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