Darren Eales reveals PIF pledge and two options available for Newcastle United growth

Darren Eales insists that Newcastle's Saudi-backed owners are prepared to commit the "maximum available" cash under PSR regulations, also discussing two of the routes available to boost our growth as a club under these tedious financial rules.

Speaking at the recent We Are United fan event at the STACK, our CEO explained that we have two ways to fight back against FFP and PSR; grow our commercial revenue streams and/or focus on smart player trading.

Eales admitted the amounts then available to spend in transfer windows will 'ebb and flow' based on the financial three-year cycle all clubs must work within, but insisted that we are trying to grow 'as quick as we can' while walking that financial 'tightrope' that limits our spending.

Eales said: "We hate the words PSR. But it is what we have to work to and I think it has impacted us as a club perhaps more than other clubs. I think fans out there know that. We have two ways to grow.

"We can grow the revenues, and there's two ways we can do that, commercially or through trading players. Then secondly it is about how we efficiently spend. It is almost unforgiving for us because we are walking that tightrope. We are trying to get there as quick as we can.

"We have an ownership that will commit - and we are very fortunate - the maximum available under PSR regulations. It's about how you spend that and you can't always do it in one window. Sometimes it ebbs and flows because of the financial three-year cycle."

Eales was also keen to back Eddie Howe, praising the "amazing" work he's done on and off the pitch. "It speaks for itself the work that Eddie has done. You've seen on the pitch with the results from going from a relegation spot to Champions League.

"Then carrying on from this season. We have done a really good job under Eddie. All the cup competitions are taken seriously and it's the first time ever we have had three straight quarter-finals in the League Cup.

"So Eddie has done an amazing job on the pitch and done it against a backdrop of PSR. But what I think and what I really love about Eddie is he gets the club, he gets the connection and what this club means to the city and the community.

"He is also collaborative and a manager that doesn't just thinks short-term and does think about the club, understanding that you have to make tough decisions. He is always doing through the lens of the club. Eddie has done a great job, we have had players getting into the national team, two full-backs with Tino Livramento and Lewis Hall.

"You can see how he has worked with those players and that is what we have to do in the future. We have to continue to develop players. That is how we are going to get where we want to get to as quickly as possible."