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Eddie Howe will look back on his first Champions League campaign and agonise over the “if only” moments which cost Newcastle a place in the last 16.

The 46-year-old head coach steered the Magpies to within touching distance of the knockout stage only for their qualification hopes to be dashed by Wednesday night’s 2-1 home defeat by AC Milan, during which they were in pole position to progress when they led 1-0.

Instead of looking forward to the draw for the next round, Howe is instead preparing his injury-hit squad for Saturday’s Premier League clash against Fulham, with the controversial penalty decision which cost them victory at Paris St Germain and their failure to deal with the set-piece which led to Milan’s equaliser prominent in his thoughts.

He said: “We were so close, so, so close while being really stretched with our resources, and that’s why I have to compliment the players on what they’ve given.

“It could have been very different and I just think we should take confidence from the fact that the hardest group, we were so close to achieving it.”

Newcastle secured a Champions League berth for the first time in 20 years courtesy of their fourth-place finish last season, an achievement which arrived barely 18 months into the tenure of their Saudi-backed owners and significantly ahead of schedule.

Asked if he had spoken to the ownership group and what had been said in the wake of Wednesday night’s disappointment, Howe replied: “ I think they see the work that goes on behind closed doors and they have close relationships with the players. We are like a family, we’re very close.

“That’s not just me with them, it’s everybody connected with the club. There’s just that feeling that they’re very supportive of the players and understanding of how much they’ve given. They can see the efforts on the pitch, and I think that’s the most important thing.

“That’s why I have no regrets over what the players have given over this Champions League campaign. I might have regrets over a couple of other things, but not at all over what the players have given. That’s always the biggest judgement for me.

“If you’re looking at it analytically, the players did incredibly well last year to finish where they did. It was miles ahead of schedule because, in pre-season, no one was talking about top four or Champions League football.

“You have to give the players a lot of credit, so what you can’t then do is give them a lot of credit and then hammer them at the same time because we couldn’t then follow that up.”

Newcastle full-back Kieran Trippier will miss the Premier League clash with Fulham through suspension
Newcastle full-back Kieran Trippier will miss the Premier League clash with Fulham through suspension (Mike Egerton/PA)

Howe did, however, admit that the exit from Europe could have financial implications for his January transfer budget.

He said: “Of course, going out of Europe will have repercussions financially for us because we’re going to lose revenue on games that we could have had, but that’s all been budgeted for and we’ll see where we stand.”

Influential full-back Kieran Trippier will miss Saturday’s game through suspension, while midfielder Joe Willock and striker Harvey Barnes, who has suffered a setback in his recovery from a toe injury, are unlikely to figure before the turn of the year.