Newcastle United issued a lengthy statement on Friday defending their lack of spending in the recent transfer window and dismissing claims money has been taken out of the club as 'wholly untrue'.
Fans were critical that midfielder Joe Willock was the only major signing, at a cost of over £20m and paid in instalments, while other Premier League clubs such as West Ham, Aston Villa, Crystal Palace and Norwich spent more.
But in a long statement, the club said Covid-19 had affected its finances.
It also said it is run in a 'sustainable manner' but not 'at the expense of being ambitious'.