Bookmakers Cut Newcastle United Relegation Odds After Eddie Howe's Shock Departure

Newcastle United’s relegation odds have been slashed to as low as 12/1 following the shock departure of manager Eddie Howe, with punters already backing the Magpies to drop out of the Premier League this season.

News broke that Newcastle have parted ways with Howe after four-and-a-half years at the club. The announcement came in the aftermath of a 4-1 pre-season defeat to Bristol City at Ashton Gate, though it is understood the result had little bearing on the decision itself.

Odds Shift as Punters React

The relegation price has moved sharply, cut from 16/1 to 12/1 overnight. Newcastle now rank as the third-most-backed team for the drop among punters, behind Hull City and Ipswich Town. The timing is severe, with just 24 days before the Premier League season gets underway.

On the managerial front, Al-Ahli boss Matthias Jaissle has emerged as the front-runner to take charge. Club officials are in advanced talks with the German coach, and he could be present for Newcastle’s pre-season trip to Spain as early as next week.

Shearer Pays Tribute to Howe

“I’m very, very surprised with the news that Eddie Howe is leaving Newcastle. It’s strange timing with three weeks to go until the new season kicks off. I don’t know what’s gone on, whether it was the end of last season, whether it was the summer, whether he feels they can’t continue to sell his best players. I’m led to believe it was Eddie’s decision to leave. What I would say is thank you. Thank you to Eddie for what he’s given us. I mean, he gave me my best day as a Newcastle fan with that day at Wembley. He’s given us some incredible nights in the Champions League that we’ll never ever forget. He did a wonderful job for Newcastle, so it’s a huge thank you to Eddie.”

— Alan Shearer, speaking to Betfair

Shearer’s words capture the mood around St. James’ Park. Howe delivered multiple Champions League qualifications and a Carabao Cup trophy during his tenure, transforming Newcastle from a relegation-threatened side into European contenders. The club now faces a pivotal few weeks to stabilize ahead of a demanding campaign.

Read also: Eddie Howe Exits Newcastle with Immediate Effect as Jaissle Lines Up to Take Over

Stay with TipsGG for the latest coverage as Newcastle’s managerial search develops.