Eddie Howe signed a new long-term contract at St James’ Park on Friday but warned Newcastle fans that financial fair play regulations would prevent him from spending heavily in the transfer market for some years to come.
Despite the vast wealth of their new Saudi Arabian owners, Newcastle have still to develop the commercial revenue streams which would enable them to invest significantly in players while remaining within the rules.
“Financial fair play impacts us and will continue to impact us, I think, for a number of years,” said Newcastle’s manager whose side host promoted…
