Eddie Howe rebuts claims that Newcastle have ‘no ceiling’ thanks to their Saudi-funded wealth

Eddie Howe has hit back at sneering comments over Newcastle’s spending power and insisted ‘money doesn’t guarantee success’.

Liverpool boss Jurgen Klopp recently included the Magpies in a list of clubs he suggested have ‘no ceiling’ as a result of the wealth at their disposal following last year’s 80 per cent Saudi-backed takeover.

Newcastle have invested heavily – to the tune of around £210million – in the two transfer windows since Amanda Staveley’s consortium took control at St James’ Park.

Newcastle boss Eddie Howe has hit back at snide comments made about their spending power

Jurgen Klopp included Newcastle in list of clubs that have ‘no ceiling’ as a result of their wealth

But head coach Howe has insisted money alone is not the only reason the club is currently sitting in fourth place in the Premier League table.

He said: ‘Money doesn’t guarantee success. It certainly helps, but it doesn’t guarantee anything. 

‘You can recruit very badly and these days, that will cost you a huge sum of money, so it’s about a mixture of things.’

The Magpies climbed to fourth in the league following their 2-1 victory against Spurs last week

Howe will mark a year in post on November 8, but remains in the early stages of his mission.

He said: ‘Time flies. It’s incredible to think as the months have ticked by that it’s nearly led to a year for me here. We’ve enjoyed it, but it’s gone so quickly.

‘I do feel there’s an element of just starting with the team and we’ve got so much more to achieve and more to do. But I if am sat here in another year’s time, I’d probably be saying exactly the same thing.’