Newcastle's summer budget brings world's richest club back down to earth
Daily Star Exciting times lie ahead at Newcastle United, but this summer may not be the spending frenzy many fans were hoping to see at St James' Park.
That's after the reality of the Magpies' budget came to light if the club is to remain within the lawful confines of Financial Fair Play. Both UEFA and the Premier League have FFP rules to ensure clubs spend within their means and help provide a more even playing field among competitors.
Newcastle were always expected to make upgrades this summer after securing a spot in the Champions League for the first time in 20 years. However, the Daily Mail report the northeast club - which is majority-owned by Saudi Arabia's Public Investment Fund (PIF) - will only have around 75million for squad improvements.
That figure could rise to 100m if the Magpies sell off some of their existing assets, either this summer of in the next. However, the expected spend limit is bound to come as a surprise to many with an interest in Premier League affairs.
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To put the expected budget into context, Newcastle have spent roughly 250m on signings in their three transfer windows since the Saudi Arabia's PIF took over the club in late 2021. That averages out at a little less than 100m per window, but that was before the demands of the Champions League came calling.
