Newcastle United could spend around £200 million on new signings within FFP regulations

Newcastle United FC

Newcastle United’s new owners have completed a £305 million takeover of the Premier League club and the magpies are expected to be armed with a transfer warchest in January.

According to the Sun, the Premier League club could spend around £200 million on new signings and they would still be within the financial fair play regulations.

Apparently, Mike Ashley has left the club in a healthy financial situation.

The former Newcastle owner has been heavily criticised over the years for his lack of spending but it seems that his financial management could end up benefiting the magpies this season.

The playing squad is in desperate need of investment and Newcastle will have to bring in quality players in order to climb up the table.

Several positions across the pitch are in need of strengthening and the club must look to bring in a quality striker, a winger and an experienced defender.

The magpies are currently in the relegation zone and Bruce will need to improve his squad in order to beat the drop this season.

The club is expected to be reshaped at the management level as well.

According to reports, Newcastle’s new owners are the richest in the footballing world and it wouldn’t be surprising if they decided to emulate the growth of Manchester City over the past few years.

These are exciting times for Newcastle fans especially after years of mediocrity and it will be interesting to see whether the new custodians of the club can guide them back to former glories in the coming seasons.