Newcastle united may only be able to spend up to £30million in the January transfer window to meet Financial Fair Play regulations, according a report.

The Guardian claim on their website that the Magpies could find their spending limited by the ruling, which could have a major impact on their transfer dealings over the winter market.

However, while manager Rafael Benitez may have a cap put on his spending in the upcoming window, it is said that the increased income earned from the Premier League, as well as a potential new investor at the club, could see the Spanish boss given free reign to secure his preferred targets.

The newspaper report that negotiations between current owner Mike Ashley and prospective new head Amanda Staveley, who is fronting an approach from international finance firm PCP Capital Partners, are ongoing and that there is still the chance that a deal could be achieved by the new year, which would allow for the new investors to back Benitez.

The £30million cap would equate to in the region of the same amount that the club invested in new players over the summer window, which saw five new faces, and former loanee Christian Atsu, arrive at St James’ Park ahead of the club’s return to the Premier League.

In other Newcastle United news, Alan Shearer has blasted the Magpies’ performance against the Hornets.

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