Newcastle’s January transfer budget revealed at just £50m

Newcastle’s January transfer budget is just £50million, it has been reported.

However, the club can dive into a further £150m of reserves from the deep pockets of their new Saudi owners if they want to.

According to the Telegraph, they do not want to go crazy in their first transfer market in charge.

And therefore the report states a budget of £50m is being planned for new signings.

That is despite the fact Newcastle are now regarded as the richest club in the world thanks to Saudi’s £320billion wealth.

And considering the Toon may well still be in a relegation dogfight, it is somewhat surprising how little they are planning to spend.

Mike Ashley’s stringent spending as the owner left the Magpies in the black.

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And therefore, under Financial Fair Play rules, they are permitted to splurge as much as £200m.

However, there is an understanding the owners want to take things steady and not rush into big-money signings.

Manchester City waited until landing a series of new sponsorship deals were signed before their mega spending – and Newcastle may do something similar.

But if a huge marquee transfer becomes easily available in January, that could change the focus – and they have the ability to pull off that kind of transfer.

James Tarkowski is one player near the top of the wishlist with the defender’s Burnley contract expiring next summer.

Unsurprisingly, though, plenty of luxury additions are being linked with St James’ Park.

Club-legend Chris Waddle told SunSport the Toon should target Paul Pogba and Eden Hazard as well as a crop of English Premier League talent including Emile Smith Rowe, Declan Rice and Kalvin Phillips.

SunSport revealed Dusan Vlahovic is a £50m target while Nabil Fekir, Adrien Rabiot and Philippe Coutinho could be eyed.