Simon Jordan Makes New NUFC Prediction after Claims Saudi Owners will Spend £60m this Summer

 Simon Jordan Makes New NUFC Prediction after Claims Saudi Owners will Spend £60m this Summer

The Telegraph published a massive ‘exclusive’ last week, saying that our new owners are planning to give Eddie Howe a £60 million transfer budget this summer.

Some don’t believe it, believing it’s just early PR to warn selling clubs that we don’t have an infinite supply of cash, but talkSPORT’s Simon Jordan says it’s a concerning indication.

He believes that if we only spend £60 million this summer, we’ll be in for another season of ‘competing at the bottom,’ and that we’ll finish in the ‘bottom six or seven’ in 2022/23 if the current crop of players isn’t significantly improved.

Jordan also wonders if this is an indication that our new owners – supported by the Saudi Public Investment Fund – intend to expand in a ‘pragmatic’ and ‘bite-size’ manner, rather than spending large sums in a rush to the top.

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Here’s what he had to say when speaking on talkSPORT this week:

“If they don’t want to compete at the bottom they must spend over £60m.”

 “With this group of players Newcastle will finish in the bottom six or seven.”

Simon Jordan discusses the ambitions of #NUFC ahead of the summer.

What do you reckon?

Are these ‘£60m’ reports simply an early warning to selling clubs following the troubles experienced in January, or do you believe our new owners are planning a steady and long-term reconstruction at Newcastle, deferring mega-money deals?