Newcastle United will have fewer funds initially available to spend than the £91.89m reportedly spent in the January window.
That is according to journalist Luke Edwards who was speaking on the latest episode of the True Faith podcast with the summer transfer window a major talking point.
Do Newcastle need to spend big in the summer?
A number of big names have already been linked with a potential move to St. James’ Park with the likes of Tottenham Hotspur’s £30m-rated Pierre-Emile Hojbjerg reported as being on their radar.
However, Edwards believes the initial funds that’ll be made available by the new owners will be less than what was spent in January with sponsorships and player sales expected to boost the figure:
(15:00) “So the amount of money that can come in from PIF is restricted by FFP. And people have to get their heads around that.
“Now, I noticed other journalists since I did that story back in March, who started to talk about the budget between somewhere between £60m and £80m. All I was told, it was less than the £93m that they spent in January.”
(16:00) “So if you have, if you have say, let’s say ballpark figure £75m to spend, and then we all know they’ve got to sell players as well. They’re going to be six players over the 25 man squad when everybody comes back from loan. So you would hope they can raise a minimum of £30m, shall we say in the transfer market?”
TIF Thoughts on Edwards’ comments…
This may frustrate some fans given the huge financial status of the new ownership on Tyneside, however, we feel this will only benefit Newcastle in the long run.
As Edwards claims later in the podcast, the owners are looking to remain active in all transfer windows and if they were to go huge in the summer it could affect their ability to spend in January.
The January window was massive for the Toon this season with their form dramatically improving after the window so we think it will be important they maintain the ability to spend in both windows.