Newcastle United continue to struggle in the transfer market with a second offer for James Maddison rejected by Leicester City on Tuesday. The Foxes see the midfielder as a £60m player and are testing the Magpies' resolve after what has been a frustrating summer of searching for attacking recruits.
Newcastle 's second offer for the 25-year-old was tabled at £40m with additional add-ons included. Dan Ashworth and the team behind the scenes are trying to negotiate a deal for the former England international and may decide to return with a third offer in the near future.
But why can't Newcastle just go all out and spend freely after last October's £300m takeover? There are a number of reasons as to why we haven't seen wholesale changes on Tyneside this summer.