LONDON, May 12 — Eddie Howe admitted today that Newcastle will not be able to spend wildly in the upcoming transfer window after securing their Premier League status.
The 44-year-old said there was an “element of truth” in reports that his budget could be more modest in the summer transfer window, referring to financial regulations. Newcastle will reportedly have a war chest of £60 million to £80 million as they attempt to negotiate Premier League profit and sustainability rules, which limit clubs to total losses of £105 million over a three-year period.
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