Transfer News

MEGA-RICH Newcastle have taken out a £140million loan to fund Eddie Howe’s transfer warchest.The Saudi-owned Magpies have reserves totalling £492billion, making them the wealthiest owners in world football.
Newcastle have taken out a LOAN – despite being the world’s richest clubCredit: Rex
Financial Fair Play rules have restricted the amount owners can pump in directly for transfers and they also have to wait until next season to bring in lucrative sponsorship deals with Saudi-linked businesses.
So the moneybags Tynesiders have opened up a credit facility with HSBC to pocket cash due from next season up front.
Using Premier League TV revenue and ticket sales to secure the borrowing, the cash injection will hand boss Howe a huge boost in his quest to land a new striker and winger in the final month of the window.
Howe has been growing frustrated at the “Toon tax” placed on the mega-rich Tynesiders.
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Yet they have adopted a sensible approach so far, vowing to build a title-winning side over a number of years.
The Saudis, who own 80 per cent of the club, have spent nearly £150m on players since buying out Mike Ashley last October and have also renovated the training ground and upgraded parts of St James’ Park.
Newcastle received £119m in broadcasting income for the 2020-21 season while St James’ Park brought in £25m in matchday revenue for the 2018-19 campaign, the last unaffected by Covid where figures are available.
This means they are able to borrow over £140m from HSBC, in an agreement increasingly used by Prem clubs.
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Ronaldo told to pen NEW DEAL by agent, Wrexham latest
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Southampton, Everton, West Ham and Fulham have also raised cash in recent years by pledging future TV and matchday money in return.
The Toon have signed three senior players so far this summer.
Matt Targett’s loan from Aston Villa was made permanent for £15m, while Nick Pope and Sven Botman were recruited for £10m and £35m respectively. More

EVERTON are set to land Burnley wide man Dwight McNeil in a move that could be worth £20million.The 22-year-old was at the Toffees’ Finch Farm training ground for a medical on Wednesday.
Dwight McNeil, 22, is set to join Everton from Burnley for £20mCredit: PA
Earlier, Frank Lampard swooped for former Wolves defender Ruben Vinagre, who has joined on loan from Sporting Lisbon.
Now McNeil looks set to become the latest player to leave Turf Moor following their relegation to the Championship in May.
He came through the ranks at Manchester United – and signed professional terms with Burnley in 2018 – going on to make 137 starts for the Clarets.
Asked about McNeil on Wednesday, Burnley boss Vincent Kompany said: “A lot of conversations are going on behind the scenes at club level.
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“We will have to see how it develops in the next few days.
“We’d like to be in a position where we can stand in a players way if a Premier League club come in – but we have to monitor it case by case.
“It has to fit in to our plan.
“With players who are leaving you don’t do it in a random way, you try to add cover and at least line up the next ones.”
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new Brazilian girlfriend, 35, days after divorce
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Burnley are poised to add to their squad by landing Brazilian full-back Vitinho from Belgian side Cercle Brugge.
Meanwhile, upon joining Everton, Vinagre told the Toffees’ website: “It’s a dream come true to join a big club like Everton.
“The opportunity to work with very good players and a very good coach in Frank Lampard made me excited to sign.
“The manager is a football legend. Everybody knows him and the opportunity to work with and learn from him and someone like Ashley Cole – one of football’s best left-backs – is very big for me.
“Kevin was important, too, because he knows me very well from when we worked together at Wolves.
“He explained to me about Everton’s proud history and the qualities you need here because it’s a very big club and you have to give everything for the supporters.”
Ruben Vinagre has joined the Toffees on loanCredit: Getty More