Newcastle have taken out a hefty loan to help them fund their search for a new forward this summer.
Newcastle were recently taken over by Saudi billionaires, meaning they now have a monumental transfer budget to work with.
However, It’s now being reported that Newcastle have taken out a £140m loan to help fund their search for a new forward, as reported by the Daily Mail in the tweet below.
Newcastle 'take out £140m loan to help fund new forward search'… as new Saudi-backed owners look to navigate FFP restrictions that prevent them from spending lavishly https://t.co/j6LKnPHA0m
— MailOnline Sport (@MailSport) July 28, 2022
Now, this doesn’t necessarily mean the Newcastle owners don’t have the money they promised, but it’s a way of allowing them to navigate the Financial Fair Play restrictions to their advantage.