‘Newcastle could trigger £175m spending spree as three deals lined up’
Newcastle United could be set to trigger a £175million spending spree as three deals have been lined up at St James’ Park.
Eddie Howe is looking to strengthen his side this summer after qualifying for the Champions League following their fifth-place finish in the Premier League.
Newcastle could generate up to £100million from the competition due to the increased prize money on offer.
The Telegraph reported on 26 June the north-east giants made £50million bids for Joao Pedro and Anthony Elanga, while a £25million offer was placed to sign James Trafford.
However, it is understood all three bids have now been turned down.
Finance expert Stefan Borson exclusively told Football Insider it could cost Newcastle up to £175million to sign those three players, including agent fees and other factors.
Pedro registered 10 goals and seven assists in 30 appearances for Brighton last season, while Elanga contributed six goals and 12 assists in 43 outings for Nottingham Forest.
Trafford was a standout player for Burnley in the Championship, conceding just 16 goals and recording 29 clean sheets in 45 games.
Newcastle must sell players to improve transfer budget
Borson insisted £175million is the most Newcastle could spend without player sales.
He told Football Insider: “I think to get those three players is probably going to be near £150million, and then on top of that, you've got all of the consequential costs of a deal.
“You are looking at the best part of £175million to do all those three deals in terms of book value, agent costs and everything else that goes with it.
“It would be hard to think they're going to do more than £175million.
“I don't think the £125million plus the agent fee looks like that's going to get them over the line on those deals.
“So, the question will be, have they got the £150million plus?
“It will be £175million because once you've got £150million of spend, it's £175million on the books at least. Have they got £175million?
“I think a kind of total package of £175million of spending feels like the most that they can do without player sales.”
Newcastle get PSR boost after £72million reveal
Football Insider revealed on 26 June Newcastle are set for a financial boost as a £72million loss is about to drop out of their profit and sustainability (PSR) calculations.
The Tyneside club have struggled to comply with the PSR rules since Saudi Arabia’s Public Investment Fund (PIF) secured its £305million takeover in October 2021.
Under PSR rules, Premier League sides are only permitted to lose £105million over a rolling three-year period.
For more Newcastle United and exclusive news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.