Newcastle United to pay 30% 'over the odds' for striker after Kieran Maguire update - pundit
Newcastle United may have taken a loan from HSBC to help them sign a striker.
That’s according to former Leeds United stopper Paddy Kenny, speaking exclusively to Football Insider about the Magpies’ financial situation.
As relayed by football finance expert and Football Insider pundit Kieran Maguire on Twitter on Wednesday (27 July), Newcastle have confirmed a new charge with HSBC via Companies House.
The exact nature of the borrowing, which is secured against future media income and ticket sales, is not specified.
Newcastle are yet to sign an attacker this summer after securing the services of Matt Targett, Nick Pope, and Sven Botman earlier this summer.
Kenny claims Newcastle are struggling to pay what clubs are demanding for their attackers.
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“Newcastle have had it tough [in the transfer market] because of the size of the club and the money the owners have got,” Kenny told Football Insider correspondent Ben Wild.
“There can be 20% or 30% added onto transfer fees now and at some point, they might have to pay over the odds to get the right person in.
“It has to be the right person for the team. They do need some more attacking options and I’m happy now with the back four and the midfield.
“They need someone who is going to get them goals and if they have taken this loan out to help them do that then you hope they can finish off in the transfer window and leave them with a really, really good squad.”
Newcastle start their 2022-23 Premier League season at home against Nottingham Forest on Saturday (6 August).
The Magpies finished 11th in the 2021-22 Premier League after a much-improved second half of the campaign.