Sources close to the ongoing acquisition of Newcastle United are keen to play down talks of a post-takeover spending spree.

This month marks 13 years since Mike Ashley took control of Newcastle United, a tenure in the main littered with legible disgruntlement from supporters over his stringent methods.

Fans, therefore, are eagerly awaiting the ratification of the purchase the club by Amanda Staveley’s Saudi Arabian-backed consortium.

The consortium is in part funded by billionaire brothers Simon and David Reuben, as well as the Arab state’s immensely wealthy Public Investment Fund.

Such wealth comes with comparisons of other Premier League sides who have enjoyed the fruits of affluent owners, such as Chelsea and Manchester City, who have enjoyed significant success since their respective takeovers more than a decade ago.

However, according to reports, those expecting the new ownership to gorge on top class, multi-million-pound signings will be left disappointed.

A source quoted in The Independent who is claimed to be close to proceedings said:

“Newcastle is not about to become the richest club in the world.

“Newcastle will have very rich owners, but that does not mean massive spending.”

Despite Mike Ashley inching towards the St James Park exit door, it seems as if those anticipating a period of profligate behaviour from the powers that be may be left waiting a while longer.

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