Eddie Howe has revealed that a “blockbuster” signing “might be difficult” to pull off this summer, but hopes it may not be long until the club are in a position to pursue such deals.
Speaking to the media from Japan, the boss insists “transfers have changed” following the introduction of FFP and PSR, admitting it’s still “difficult for us” to spend freely despite Saudi ownership and an increase in revenues. However, he insists all markets are being explored and hopes for a breakthrough soon on the transfer front.
“I think a blockbuster like that might be difficult,” Howe said. “The rules have changed. Transfers have changed. I hope that it’s not permanently. I hope in time we will improve our position to enable to sign that calibre of player. Currently that is difficult for us right now.”
“We are navigating a period where we have to be very aware of what we are doing financially. We are having to plan ahead. But I hope that won’t be forever.”
“All markets (are being explored) but I think the free transfers are gone. We’ve got one in Lloyd who I think is a brilliant one and there are a couple of others out there but I think now it is about probably signing players for money. Loans are always difficult.”
Current spending rules are 85.% of turnover .. Newcastle are £300 million plus now ., they have over £200 million to spend on players wages etc .. include amortization transfers paid over a number of years even more .. they can spend well within psr etc
Mike(Quote)