Former Crystal Palace owner and talkSPORT pundit Simon Jordan believes Newcastle United will spend big again this summer, despite speculation of a small budget at St. James' Park. The new Magpies owners have spent an estimated £250million on playing personnel since the takeover was approved back in 2021.
Alexander Isak, Sven Botman, Bruno Guimaraes and Anthony Gordon are among the arrivals that have commanded a big transfer fee, but the club has repeatedly played down its spending power and need to comply with Financial Fair Play. Needless to say, the Toon qualifying for the Champions League this season will grant further freedom under the constraints of FFP and Jordan believes the Magpies are trying to play down their budget while also spending wisely.
Jordan told talkSPORT: "I think it's somewhere in between. They've got revenue that they didn't project to get this season, they're obviously about five or six spaces above in the league where they thought they might be.
"That's £15-20 million, they've got Champions League money coming in which is £30million potentially, possibly more. They've got £50-60million more in additional revenue than they could spend and not get hit by Financial Fair Play because if they go and spend £200million players - which I think they will do.
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"I think they'll spend north of £150million if they can get the targets they want. I don't think they'll spend it poorly cause they haven't done.
"There's a need to trade through now. There's certain players that have got Newcastle into the situation that are going to be surplus to requirements and they might be the Dan Burns of the world, the Saint-Maximin's of the world, heroes in one guise but are now beginning to look like the team is moving on without them.
"Not Dan Burn, but I think if you're going to try and win things you're going to need slightly better players."
Howe will embark upon his first campaign in Europe, both as a player and manager and will tread into uncharted waters next season. However, Jordan doesn't buy into the fact Howe will cave under the demands of the Saudi ownership regime but admits he may not be the man to deliver European titles.
"He spent £70million on Isak so he's got into the mindset," Jordan said. "He's building, he's acclimatising to his new experiences relatively quickly.
"He's gone from taking a side that was bottom of the table or near close to it, to a side that's got into Europe with expectations of potentially being able to achieve even more. I think he's growing into every level and he'll be fine to a point, Eddie Howe.
"Then perhaps he'll not be the one that delivers the ultimate outcome for Newcastle."
