That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the new owners’ plans to restructure the club.
The Daily Mail reported on 1 November that Newcastle have been reaching out to agents who represent a large number of academy players.
It is claimed that the club’s youth setup has been identified as a key area for improvement as the new regime looks to rectify years of neglect.
Data collated by the CIES Football Observatory showed that Newcastle are the lowest-ranked Premier League in terms of academy production.
The Magpies have produced just six active players in Europe’s top leagues, the joint-lowest number in the continent’s so-called ‘big five’ divisions.
Maguire explains that the United Kingdom’s exit from the European Union means that domestic youth recruitment might be the way to go.
“It’s certainly an area Newcastle can look to target,” he told Football Insider correspondent Adam Williams.
“When I’ve been speaking to agents recently, they have been saying that the impact of Brexit has been understated.
“They think it won’t really come through for a few years because they can’t sign 16 and 17-year-olds from Europe.
“By the time these players have got to 18 and are free to come to the Premier League, they have moved elsewhere in Europe.
“The only way around that is either to pursue a multi-club model or invest heavily in your domestic scouting and training facilities.”
This article was originally posted here