Sitting fifth in the Premier League with just 11 matches remaining—enough to guarantee Champions League status this year—Newcastle United have now defeated Liverpool 2-1 in the 2025 League Cup final at Wembley to end a 70-year domestic trophy wait. This marks the most historic triumph of the Eddie Howe era and the first title since the Saudi consortium took over the club.

From a remarkable relegation escape relegation to becoming a new force in the Champions League to facing the sting of collapse across multiple fronts, the Magpies have seen a turbulent ascent since rebuilding started in 2022.

This trophy not only gives the team confidence but also offers a more realistic perspective of Newcastle United: how can they strike a balance between ambition and realism in the Premier League and Europe over the next five years? From a "flash-in-the-pan challenger," can they develop into a real top-tier team?

Competitive goal: A stepped leap from "top four" to Premier League champions

Newcastle's path over the past three seasons has been like a roller coaster: they qualified for the Champions League in the 22/23 season by finishing fourth in the Premier League, but in the 23/24 season, despite netting a historic 85 goals, they dropped to seventh due to a thin squad and tough competition, failing to qualify for any European competition.

Under Howe's adjustments, the club recovered in the 24/25 season and proved even more resilient in the League Cup by winning key games against Arsenal, Chelsea, Liverpool and an in-form Nottingham Forest. This curve reveals the truth that Newcastle's comeback depends on predetermined phased goals rather than on "miracle bursts."

2025-2027: Secure Champions League qualification; aim for domestic doubles

Newcastle's first focus over the next two years should be securing a top-four Premier League spot. Since the collapse in the 23/24 season revealed issues with squad depth, the club has to make major additions next season to solve problems on several fronts.

Should they be able to bring in a top defensive midfielder and a capable winger during the summer transfer window, the squad is projected to fight for a top-three finish in the Premier League in the 25/26 season.

Simultaneously, domestic cup competitions should serve as a "training ground." Newcastle has yet to break through the FA Cup quarter-finals, failing to reach the last four since 1999. With the League Cup triumph having now shattered the mental barrier, the team must reach the FA Cup final at least once and even attempt the "League Cup + FA Cup" double in the next two years. 

Medals not only expose young players to high-stress scenarios but also continuously boost locker room confidence.

2027-2030: Premier League title contention and Champions League quarter-finals

Should the objectives of the first two phases be met, Newcastle by 2027 will possess a more robust financial and competitive capital. 

By then, the team must establish the aim of being a regular challenger for the Premier League title, drawing on Manchester City's trajectory in the 2010s; although this may call for more than three years of squad iteration and tactical improvement.

The key considerations are:

  1. Retain the core framework: key players like Guimarães, Isak, and Botman must be contracted at least until 2030 to prevent a replay of the passive position in 2024 when Saint-Maximin left for a meagre fee.
  2. Youth Development: The Newcastle academy must begin producing players to lower dependency on costly acquisitions, expanding on their youth system overhaul in 2023.
  3. Tactical Evolution: Eddie Howe has to demonstrate that his high-pressing approach can fit the pace of the Champions League knockouts. Should he neglect this, the club might have to consider hiring a coach with more European background.

The minimum goal by 2030 should be reaching the quarter-finals of the Champions League. Newcastle's 23/24 season group stage record of 1 win and 5 losses (despite the sole victory being a comprehensive 4-1 whitewash of Paris Saint-Germain) shows that the team has not yet adjusted to the intensity of elite European championships.

The club has to gain experience over the next five years by consistently competing in the Champions League and progressively transitioning from being a regular in the Round of 16 to a quarter-final challenger.

Business and infrastructure: The key to breaking the FFP dilemma

It is impossible to achieve competitive goals without business and finance. Although the Saudi consortium is financially robust and among the wealthiest football club owners in the world, the Financial Fair Play (FFP) rules of the Premier League remain a strict limitation. 

Newcastle's net transfer investment was the fifth-lowest at the start of the season, reaching -£228m between 2022 and 2024, which is bordering on the FFP red line.

The team needs to reach two significant breakthroughs by 2030 if it is to keep signing new players:

  1. Triple commercial revenue: Newcastle's commercial income in 2024, at £83.6m, is almost a third of Manchester United's (£302.9m). The team must fully capitalise on Saudi Arabia's influence in the next five years by
  2. signing sponsorship deals with national entities like the Saudi Tourism Authority and NEOM City;
  3. building official fan clubs in Riyadh and Dubai; and
  4. scheduling at least one friendly match in the Middle East every season.

Under optimal operation, commercial revenue should rise to £300 million by 2030, close to the level of the "Big 6."

  1. Expansion of the home grounds and digital revenue: Although St James' Park is the soul of Newcastle, the 52,000 capacity is currently insufficient. There have been proposed plans by the management to either
  2. extend the current St James's Park, focusing on the East Stand and Gallowgate End, in an aim to boost capacity from 52,305 to perhaps 60,000–65,000; or
  3. Build a new "super stadium" on the Leazes Park property with a capacity of 65,000–70,000.

While the first plan has lost favour due to logistical concerns, either option would generate at least £40 million in expected annual matchday income, potentially rising to £180 million. 

To attract Gen Z fans from around the world, the club also has to quicken its digital transition, introducing virtual viewing platforms, NFT membership advantages, esports team partnerships, etc.

Concerns and variables: Howe's bottleneck, Saudi patience, and fan expectations

Still, challenges exist. While the injury plague of 23/24 calls for a strengthening of squad depth, FFP limits the club's expenditure, and rivals like Arsenal, Chelsea, and Aston Villa won't just yield ground. Howe, too, has to prevent burnout after ten years of leadership by 2030.

Eddie Howe's contract, which ends in 2026, will decide the fate of this strong Newcastle group, which has its core players like Isak (25), Guimarães (27), Tonali (24) and emerging stars like Livramento (22) still developing. The management had been previously unsettled by the drop in the 23/24 season; however, winning the League Cup has momentarily confirmed its place.

Howe's strengths are in his control over the dressing room and tactical enthusiasm, but his flaws revolve around a lack of expertise in European competitions. Should Newcastle be kicked out of the Champions League group stage once more in the next two years, they might have to look at younger European tournament gurus like Alonso or experienced leaders like Aston Villa did with Unai Emery.

Furthermore, the long-term endurance of the Saudi consortium is unclear. The ultimate goal of PIF's takeover of Newcastle is to enhance its reputation through football, and should there still be no innovations in the Premier League or Champions League by 2030, the investment approach might change to a "cost-performance ratio model."

To maintain investor confidence, the team must come close to winning the Premier League at least once before 2027 (for instance, finishing as runners-up by a margin of 2-3 points).

Fans are another double-edged sword. The expectations of Newcastle supporters have been heightened by this League Cup victory, but history is not lacking in examples of "new money teams" collapsing under pressure (such as Malaga in the 2010s). Should the team suffer a decline in the 26/27 season, the management must use clear communication to help to calm fan emotions, thereby preventing the misguided "championship hostage-taking."

Conclusion: One trophy, five-year journey

Rather than marking the end, Newcastle's real threat to the existing order has just begun with the League Cup victory of 2025. However, the shackles of FFP, the siege by big clubs, the worry of fans, and the scrutiny of capital will all test this team more than just relegation battles and top-four races in the coming five years.

Still, this is the necessary path to metamorphosis. If the management can keep to "step-by-step goals," balancing short-term successes with long-term foundations, Newcastle by 2030 will no longer be "miracle makers" but rather the next king of the Premier League. 

This Carabao Cup trophy shows Newcastle belongs here, but the larger struggle is just getting started.