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Newcastle: Keith Downie drops transfer budget claim

An exciting Newcastle United claim has emerged regarding their plans for the upcoming transfer window…

What’s the talk?

Sky Sports reporter Keith Downie has hinted that PIF will be looking to spend more than £50m in the market this summer, whilst not going overboard with their dealings.

He told GIVEMESPORT: “I think their plan is to run it like a business and I think their plan will be to keep costs as low as they can.

“I very much doubt they will manage to keep it to £50million, but I do think what they’ll try and do is bring money in, in terms of player sales as well.”

Supporters will be delighted

Newcastle supporters will surely be delighted with this claim.

Last summer, the only senior addition to the squad was the signing of Joe Willock from Arsenal for a reported £25m. He joined on a permanent basis after spending the second half of the 2020/21 campaign on loan and was the only player brought in by Mike Ashley to bolster Steve Bruce’s squad.

Do Newcastle need to spend more than £50m?

Yes

Yes

No

No

The lack of investment in the team came back to bite the Sports Direct supremo as the Toon became just the fourth team in Premier League history to not win any of their first 14 matches in a top-flight season.

In the last 14 games in the top flight, however, Newcastle have picked up 31 points and are third in the form table behind Manchester City and Liverpool.

The difference between these two stretches of games? The appointment of Eddie Howe and the January transfer window. PIF came in to take over the club from Ashley and invested in the squad by bringing in Kieran Trippier, Dan Burn, Matt Targett, Bruno Guimaraes and Chris Wood in the winter market.

Their work in January gave Howe the ammunition he needed to fire Newcastle to safety and that is exactly what he has done, with the Magpies currently sitting 14 points clear of the bottom three. This suggests that the signings earlier this year gave the club a massive lift, and that is set to save them from relegation.

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Who cost Newcastle the most?

Therefore, supporters will be excited by the prospect of PIF dropping more than £50m on further signings, as it means that Howe will be backed again and given what he needs to take the Toon to the next level. He will not be hung out to dry like Bruce was by Ashley, which is why fans will be delighted with the owners’ plans.

They will also be buzzing with the claim that PIF still want to run the club like a business and are not going to risk the financial future of Newcastle. The consortium are not looking for instant success which could lead to irreversible financial damage further down the line, and this measured, thought-out approach will surely go down well with the fanbase as it shows ambition and clarity over what the owners want to do.

AND in other news, Journalist reveals two names on Newcastle’s transfer “list”, Eddie Howe will be excited…

Article title: Newcastle: Keith Downie drops transfer budget claim

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