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As Leeds' defeat to Chelsea confirmed Newcastle's place in the Premier League next season, manager Eddie Howe was cautious when quizzed on whether the club's Saudi-backed owners will be investing heavily in player recruitment.
Financial Fair Play restraints will keep the club in check, as they attempt to negotiate Premier League profit and sustainability rules, which limits clubs to record total losses of £105million over a three-year period.
After spending over £90million in January on Chris Wood, Dan Burn, Kieran Trippier, and Bruno Guimaraes, plus loan signing Matt Targett, it has been rumoured that the summer's budget could be between £60m and £80million. Which admittedly is still better than a poke in the eye with a sharp stick.
Asked about reports that his budget will be slightly smaller, Howe said: "There's an element of truth in that.
"With Financial Fair Play, we have restraints and we have things that we have to work within, so we can't just go out and spend money on players like maybe teams could have done in the past and totally change their squad within one transfer window.
"That is not an option for us. The more money you spend in one window, the more it impacts your ability to then spend in windows beyond.
"The rules are there to govern the game properly and we have to follow suit, so that does impact what we can do this summer.
"But it doesn't mean that we're totally without ambition. We want to try to bring the right players in, ones that are proud to wear the shirt and that can make a difference. "We're well aware that we have to change the squad and we have to make improvements, but it's going to be a difficult balance." Asked if fans might feel let down, he said: "No, not from the vision that was sold to them because the club will get there. I am a believer in that the club will get where it wants to be. "The time it takes to get there, I think that is something no one can predict."
The article Newcastle unlikely to splash the cash in summer transfer spending spree appeared first on Planetsport.com.