Simon Jordan is adamant Newcastle United will need to spend more than £60m if they are to avoid battling for Premier League survival next season. The Magpies currently sit nine points clear of the relegation zone following a nine-match unbeaten league run, although Eddie Howe's side did suffer defeats to Chelsea and Everton just before the international break.
Newcastle's priority remains preserving their top-flight status this season, with a push for a remarkable top-half finish looking unlikely. United spent in excess of £90m in January to help rejuvenate Howe's side, with marquee signing Bruno Guimaraes joining experienced Premier League performers such as Dan Burn and Chris Wood.
The Magpies boss is reportedly set to be handed a summer budget in the region of £60m to bring in three to four players, according to the Telegraph. It is a figure which has provoked debate among sections of the club's fanbase as well as commentators, given Amanda Staveley's ambition for the club to challenge for silverware this decade.
