Newcastle United will reportedly not be spending massive amounts in their first summer window since the takeover, with a report suggesting the club’s transfer budget.
According to The Telegraph today, the Magpies will rule out signing expensive superstars, in favour of building a balanced squad.
Apparently, it’s likely the club won’t be spending any more than £60 million.
The development comes after there were some outlandish links to Paris Saint-Germain forward Neymar last week.
That story supposedly ‘amused’ senior figures at Newcastle.
It is claimed by the Telegraph that Steve Nickon, Eddie Howe and Amanda Staveley had a meeting recently. They decided against a lavish summer spending spree.
Newcastle’s current top earners are on around £100,000-a-week. New signings are unlikely to earn much more than that, as the club officials seek to maintain a wage structure.
It is Newcastle’s goal to pursue a policy of pragmatic ambition, that will give them ‘room for manoeuvre’ under Financial Fair Play Rules (FFP).
The Telegraph say that they have held numerous conversations with people at Newcastle, and have been informed that the club don’t have ‘anything like’ the transfer budget people have speculated about.
Apparently, half of the £60 million budget for this summer could go on Sven Botman.
The Dutch youngster was a player Newcastle endeavoured to sign in January but ultimately couldn’t get it done as Lille stood firm.
It is explained that Newcastle can raise further cash by selling players.
Patience required as Newcastle seek to become European superpower, as report shares 2022 summer transfer budget
Newcastle’s new owners are hugely ambitious.
We have heard all about their plans for the club and how they want to turn it into one of the biggest and best in the world.
It seems they will take a measured approach to do this.
They are prepared to play the long game, which is probably sensible.
Newcastle don’t want to be having any FFP issues. There is also an argument that bringing in swathes of superstars wouldn’t necessarily guarantee success.
It’s about getting the right players for the right time. It’s about building steadily.