Eddie Howe has warned that Newcastle United’s spending power will be impacted by financial rules this summer and says their outlay will not be as lavish as some expect.
Sportsmail reported last month that a transfer budget of between £60-80million plus player sales has been mooted within the game.
Newcastle, backed by their new Saudi owners for the first time in January, spent £94m on five players.
But Howe said: ‘There's an element of truth in that (talk of reduced budget). 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.