'I’ve been told' - Luke Edwards now reveals Newcastle transfer budget this summer

Luke Edwards has now revealed the transfer budget that Newcastle United will have this summer.

The St. James’ Park faithful went on a shopping spree in the January transfer window, forking out £90m on Kieran Trippier, Dan Burn, Matt Targett, Bruno Guimaraes and Chris Wood.

It has been reported that they will target a new central defender, midfielder and striker this summer, in what promises to be another busy window in the North East.

Replying to a fan on Twitter, The Daily Telegraph journalist Edwards has now revealed that the budget will be ‘less’ than the £90m that was spent in January, but that does not include potential sales of players:

“I don’t know a precise figure – that was a rough estimation – but I’ve been told it’s less than the £90m in January.

“That doesn’t include player sales obviously and they need to move players on. Squad already too big. There are loans and free transfers too. It’s not a negative.”

I think if you told Premier League fans that the Magpies would only be able to spend £90m this summer, they would be surprised.

The Kingdom of Saudi Arabia’s (KSA) Public Investment Fund (PIF) dwarfs the wealth of the owners of Manchester City and PSG in terms of their assets, while the Premier League tend to spend more money than any other division in the world.

However, they can raise that figure by selling a few fringe players in the squad, like Jamal Lewis, Ciaran Clark and Isaac Hayden, who have been left out of their 25-man Premier League squad.

Nonetheless, the board should not look to spend money for the sake of it, and instead carefully pick out the right targets to join Eddie Howe’s team.

In other news, find out which NUFC star is now ‘making good progress’ on his injury comeback here!

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