Newcastle United planned summer transfer budget now set to be far higher than expected – Report
The Newcastle United planned summer transfer budget is now set to be far higher than expected.
This is according to a new media exclusive from The Telegraph.
The newspaper saying that their information is that the base summer budget made available by the Newcastle United owners, significant exceeds the £60m figure that was previous widely reported.
The exclusive detailing that the amount available, without any additional funds for buying players generated by sales, could be as much as £100m, though £80m at the very least for Eddie Howe to invest in the NUFC first team squad.
The Telegraph make the point that this £80m-£100m is still a lot smaller than the kind of sums some / many predicted back in the autumn after the takeover.
Obviously the media were happy to talk really daft sums back then and likely bids for Kane, Haaland, Mbappe and the rest.
However, I think the vast majority of Newcastle fans were keeping some kind of grip on reality.
If indeed Newcastle United spent between £80m and £100m this window, not including any extra spending funded by sales, that would then mean that the best part of around £200m net spend on signings had been allowed by the new owners in their first year in charge, when including the January £85m+ (initial) outlay on mid-season signings.
No matter who the owners of the club are, I think that kind of figure would still tick all the boxes for the vast majority of NUFC fans for the first two transfer windows. This is as well as the money that is being spent on making up for the 14+ years of lack of investment by Mike Ashley in the infrastructure of the club.
Also included in this report on the raised transfer window budget, The Telegraph are saying that the Newcastle owners are determined not to pay over the odds, just because other clubs know the financial power that may be behind the club.
As a prime example, the newspaper saying that their information is that Lille initially indicated that they would take £30m for Sven Botman, but are now asking £36m for the move to happen, with the NUFC owners refusing to pay the extra £6m.
So it is up to cash-strapped Lille to now decide whether to go with their original stated valuation, or see Newcastle walk away from the deal.
Elsewhere in the transfer market, the report claims Newcastle United have been quoted £50m for Ivan Toney, £30m for Jack Harrison and £60m for Dominic Calvert-Lewin. Whilst they also say that there is no intention, at least in this window, of bidding for Bruno’s mate Lucas Paqueta.
However, better news from them on Hugo Ekitike, with that deal expected to go through shortly.
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