Keith Downie has now revealed what Newcastle United’s January transfer plans are as the club’s takeover was confirmed on Thursday evening.
The Lowdown: It’s happening…
The proposed takeover of the St. James’ Park faithful by the Kingdom of Saudi Arabia (KSA) consortium is finally happening, after a breakthrough on Wednesday led to confirmation of the deal on Thursday evening.
Will the Newcastle takeover go through?
It will finally bring an end to the reign of Mike Ashley, while a likely restructuring of the board brings the futures of the likes of Steve Bruce, Graeme Jones and Lee Charnley under question.
The Latest: Transfer plans
Downie has now told Sky Sports that ‘I do expect’ the North East club to spend money on the playing squad in the upcoming winter window, although he did not specify how much.
The journalist also claimed that spending on infrastructure will be the priority for the new owners first of all, and the stadium and academy will need improving as well.
The Verdict: Intriguing
It will certainly be intriguing to see how much money the Tyneside outfit will have to spend in January, assuming that the new owners are settled in and prepared to splash the cash immediately.
It will also be interesting to note the calibre of player that they will be able to attract, which could help them survive relegation from the Premier League, given their position in the table at the moment.
Nonetheless, it is only a matter of time before we can see just how much financial muscle they can flex now that the deal is through.
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