NUFC sanction improved summer budget, but end interest in Premier League trio - The Telegraph

Back in March, The Telegraph's Luke Edwards released a piece stating that our new owners were set to hand Eddie Howe £60m plus money raised from player sales this summer.

A few months later, the same North-East reporter has revealed that they have now sanctioned an increased budget of between £80m to £100m.

That said, it seems the club are still facing a 'Newcastle tax' that has seen selling clubs demand huge fees for their players - all because they know the 'richest club in the world' has come calling.

The report then goes on to reveal how this has impacted our enquiries so far, saying we've walked away - for now - from potential deals for Dominic Calvert-Lewin, Ivan Toney and Jack Harrison due to the excessive asking prices quoted.

The Telegraph claim that Everton are demanding £60m for Calvert-Lewin, with Brentford wanting 'upwards of £50m' for Toney and Harrison valued at £30m by Leeds.

So, Howe's budget may have increased, however it seems we won't be taken for a ride, nor will we be signing any of the above trio unless their clubs agree to reduce their demands.