Newcastle United struggle with being labeled one of the richest teams on the planet.

The Magpies are owned by the Saudi Arabian Public Investment Fund, but are not able to spend all their wealth.

Financial Fair Play rules mean the Magpies can only spend a percentage of what they are bringing in as income.

Whenever you hear Newcastle mentioned externally in the media, it's always the 'richest club in the world' tag that goes next to it," Howe told The Overlap.

'That's been difficult for us, because there's always been that pressure on us even though we're not living that reality. We've had to battle that; the players have handled that really well.

I've come from a club like Bournemouth that had to invest to grow, so I think if the owner has the money and wants to invest in a safe way and put the money into the club, then why can't he spend that money?

I think that's how football clubs should work - we don't want to see clubs getting into financial problems long-term, but if that money is ringfenced then they should be able to use it."

More must-reads:

TODAY'S BEST
Watch: Orioles slugger Gunnar Henderson clobbers 19th homer vs. Rays
11 NFL teams gain cap space from post-June 1 cuts
Yankees ace scheduled to begin rehab assignment
Blue Jays GM comments on trade rumors surrounding two star players
WNBA upgrades hard foul on Caitlin Clark to a Flagrant 1
Three takeaways as Panthers eliminate Rangers, advance to Stanley Cup Final
Corey Heim dominates at Gateway for fourth Truck Series win of 2024 season
Mets honor Darryl Strawberry in fitting fashion during number retirement ceremony
Phillies ace leaves game after taking 106 mph comebacker to hand
Real Madrid defeats Borussia Dortmund 2-0 to win Champions League
Marvin Lewis opens up about about return to NFL coaching
Celtics HC shares Kristaps Porzingis update ahead of NBA Finals
Jalen Brunson claps back at tiredness narrative after Knicks' playoff exit
Red Sox lose yet another player to injury
Former NFL GM has huge praise for Packers QB Jordan Love
Drake Maye reportedly being treated as Patriots' QB3
Veteran 1B rejects outright assignment, elects free agency
Giannis Antetokounmpo to play for Greece in Olympic qualifier
Padres lose two top pitchers to injured list on same day
Fever announce remarkable attendance milestone in fifth 2024 home game

Want more United news?

Join the hundreds of thousands of fans who start their day with Yardbarker's Morning Bark, the best newsletter in sports.