Eddie Howe admits it is “not an option” for Newcastle United to totally overhaul their squad this summer due to financial regulations — but insists they can still be ambitious in the market.
The Premier League’s Profit and Sustainability rules permit a top-flight club to lose £105 million over three seasons, although some expenditure is exempt.
While it is understood that Newcastle do not have a set budget per se for the upcoming window, there is an acceptance that they cannot spend hundreds of millions in one summer.
That is partly a conscious decision, so that they can continue to spend in successive windows, because what they pay out now could affect future trading periods due to the restrictions.
Instead, Howe has adopted the mantra of “evolution not revolution”.
He is targeting quality additions during the off-season, but Newcastle must also sell players given their bloated squad, and to supplement their kitty, which is expected to be in the region of £60-80 million.
“There’s an element of truth in that,” Howe said, when asked if the Premier League’s rules on spending affects Newcastle’s summer plans during his pre-Arsenal press conference.
“With Financial Fair Play, we have restraints and we have things that we have to work within, so we can’t just go out and spend money on players like maybe teams could have done in the past and totally change their squad within one transfer window.
“That is not an option for us. The more money you spend in one window, the more it impacts upon your ability to then spend in windows beyond. The rules are there to govern the game properly and we have to follow suit, so that does impact upon what we can do this summer.
“But it doesn’t mean that we’re totally without ambition. We want to try to bring the right players in, ones that are proud to wear the shirt and that can make a difference.
“We’re well aware that we have to change the squad and we have to make improvements, but it’s going to be a difficult balance.”
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