Newcastle United's surprise managerial change is set to come at a significant cost. The Premier League club has agreed to pay Al Ahli a compensation fee of €11 million to secure the services of German coach Matthias Jaissle, who is poised to replace Eddie Howe at St James' Park.

The agreement will see Newcastle United buy out Jaissle's contract with the Saudi club, underlining the club's determination to move quickly with its new managerial appointment ahead of the upcoming season.

Matthias Jaissle is expected to sign a contract running until June 2030, with his official unveiling anticipated on Saturday. The 38-year-old arrives after impressing during his spell at Al Ahli, where he enhanced his reputation as one of Europe's most promising young coaches.

Meanwhile, the future of Eddie Howe remains uncertain. Neither the English manager nor Newcastle United have commented on his next move, leaving questions over his future in management unanswered.