Simon Jordan makes new NUFC prediction after claims Saudi owners will spend £60m this summer

Last week, The Telegraph released a big 'exclusive' claiming our new owners look set to hand Eddie Howe a £60m transfer budget this summer.

Some aren't buying it, feeling it's simply an early piece of PR to warn selling clubs that we don't have an endless pit of cash available, however talkSPORT's Simon Jordan believes it could be a worrying sign.

He feels we'll be in for another season that sees us 'competing at the bottom' if we only spend £60m this summer, feeling we'll finish in the 'bottom six or seven' in 2022/23 if the current crop of players aren't improved upon considerably.

Jordan also wonders if this is a sign that our new owners - backed by the Saudi PIF - are planning to build in a 'pragmatic' and 'bite-size' fashion, building year upon year opposed to spending huge sums in a bid to rise to the top quickly.

Here's what he had to say when speaking on talkSPORT this week:

What do you reckon?

Are these '£60m' claims just an early message to selling clubs after the difficulties faced in January or do you think our new owners are planning a steady and sustainable rebuild at Newcastle - meaning mega money deals will have to wait?