Newcastle United boss Eddie Howe is working with the smallest summer transfer kitty he's had at his disposal since taking over as manager.

What's the impact on transfers?

The Magpies are struggling to match top salaries across Europe, making recruitment a test for Howe and sporting director Ross Wilson.

Chronicle Live understands that Newcastle thought they'd won the race for Victor Munoz, who joined Liverpool for £34m.

How does this affect the team's spending?

Newcastle are working within the new SCR regulations and are braced for a fine from UEFA for breaching their financial rules next season.

CategoryValue
League standing12th in Premier League, 49 pts, 14W-7D-17L from 38 games
Goals this season53 scored, 55 conceded (-2 goal difference)
Title race36 points behind leaders Arsenal

The club's spending limit has been underlined in recent days, with a portion of the £69.3m picked from the sale of Anthony Gordon to Barcelona available.

What's next for Newcastle United?

Newcastle are unable to splash out much further than a similar figure that would have been paid to Osasuna, unless another big outgoing sale is made. As of June 30, 2026, Newcastle United remains focused on navigating the transfer window with caution, considering their current league standing and financial constraints.