According to The Independent, Newcastle United will not go on a spending spree after the proposed takeover by Saudi Arabia’s Public Investment Fund (PIF) goes through.
It has been reported that PIF and financier Amanda Staveley are confident that the Premier League will eventually approve their bid to buy Newcastle from current owner Mike Ashley.
However, a source close to the Saudi Arabia-backed consortium has said that although Newcastle will have very rich owners, there will not be a huge spending on new players in the summer transfer window.
The report has claimed comparisons with Chelsea and Manchester City are ‘misleading’.