Newcastle United have reportedly taken out a £140million loan to help fund Eddie Howe’s transfer war chest this summer, as he remains keen on adding a new striker.
The Saudi-owned Magpies have reserves of £492billion, making them the wealthiest owners in world football, but they have been restricted in their transfer business so far.
Financial Fair Play rules have, however, restricted the amount owners can pump in directly for transfers and they also have to wait until next season to bring in lucrative sponsorship deals with Saudi-linked businesses.
The Tynesiders are said to have opened up a credit facility with HSBC to pocket cash due from next season up front, according to The Sun.