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Newcastle's Saudi owners WILL hand Eddie Howe significant funds to boost his squad this January, as Amanda Staveley reveals he got the job because 'he is not frightened of relegation'

Eddie Howe will be handed significant funds to boost his Newcastle squad in the January transfer window as the club's new owners become increasingly bullish about beating the drop.

The new year is not regarded as the best time to do business but, with the Magpies languishing second-from-bottom in the Premier League table, co-owner Amanda Staveley acknowledged there was no time to waste.

'We are preparing for the January transfer window,' Staveley told the club's official website. 'It's not a window we would ordinarily want to invest in, because you probably don't get the right deals, but that's something that is important at the moment.