Despite the financial backing of Saudi Arabia’s Public Investment Fund, Newcastle United will not be making blockbuster moves for world-class players such as Cristiano Ronaldo and Neymar, according to manager Eddie Howe.
The club has spent over £250 million ($315 million) on new players in the last three transfer windows, with their recent success putting them in contention for a spot in next season’s Champions League.
However, Howe believes the club cannot afford the transfer fees and wages of the world’s top players and instead aims to discover young talent and develop them into stars.
Although there has been speculation about high-profile signings, Howe has been making shrewd signings at a relatively low cost, while also considering the financial and team dynamics of potential recruits.
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