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Newcastle United having to make do with £50m transfer kitty as Mike Ashley tightens his belt

A late run of form notwithstanding, Newcastle United were odds on to be relegated from the Premier League at one point during the 2020/21 campaign.

To Steve Bruce’s immense credit, the Magpies managed to rally at just the right time to pull themselves clear of the relegation dogfight, which they’d come perilously close to being dragged into.

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On the basis of that experience, and given how big a club Newcastle remain, a transfer war chest for the summer window wouldn’t have been beyond the realms of possibility.

However, chairman, Mike Ashley, has reverted to type and will only give Bruce a maximum of £50m to play with this summer.

Steve Bruce won’t have much money to spend this summer

Even in the current market, that’s still nowhere close to what Bruce needs in order to overhaul his squad.

The Daily Mail believe that Bruce wants to bring in Arsenal’s Joe Willock, who had a successful loan spell at the Magpies from January, and Liverpool’s Nat Phillips.

It’s not clear if either side will be willing to do business, but it’s a fair bet Bruce won’t have much change left from Ashley’s fund if he secures both players.

More Stories Joe Willock mike ashley Nat Phillips Steve Bruce