New report reveals transfer budget Saudis look set to sanction in January window

Newcastle United look set to have around '£40 million to £50 million' to spend in the January transfer window, according to The Athletic.

Things can change - especially if we're in serious danger of going down in the new year - and other sources may say different, but this may well be a bit of a reality check for fans expecting to see us spend silly money on transfers in January.

Instead, The Athletic believe we could initially look at add several £15m signings and improve the squad gradually, not throw one huge fee on a big name player.

The report states that the new owners are keen to 'grow slowly and organically', preferring to invest in exciting young players with high potential over 'older superstars.'

Here's a snippet from Chris Waugh's latest piece:

As detailed in George Caulkin’s latest mailbag, it seems that Newcastle will have something in the realm of £40 million to £50 million to spend in the January window.

Given the state of the squad, adding three £15 million-level players is better than splurging the lot on one signing, and the former approach is anticipated more than the latter.

Also, given Newcastle are apparently looking to grow slowly and organically, they can’t afford to buy older superstars but instead younger players with high upside.

So, expect perhaps a James Tarkowski over a Kalidou Koulibaly or a Jesse Lingard instead of a Phillipe Coutinho, with it seeming like the owners want to spend wisely and build step by step.

With so much investment needed in our infrastructure, it may be wise to build from the bottom up. It'll require patience, but after 14 years of Mike Ashley, this promises to be a much more enjoyable ride.