JOE Kinnear has broken his silence on Newcastle United’s summer dealings – and defended the club’s abortive efforts in the transfer market.
Director of football Kinnear and owner Mike Ashley came under fire after Newcastle made just one loan signing – Loic Remy – in the last transfer window.
United’s fans had been hoping for more investment in a squad which was found wanting during last season’s relegation battle.
Kinnear, speaking in the Magpies’ matchday programme, told of his “frustration” at his failure to sign another player.
The 66-year-old talked of the value of United’s targets being “grossly over-inflated”, and also hit out at the demands of agents.
“I have now had time to appraise the strength of the squad, and I have been impressed with the quality we possess,” said Kinnear.
“There was some very good business done in the January window before I arrived which has stood us in good stead for this season.
“I was delighted to bring Loic Remy to the club in August. In the glimpses we have seen of him so far, he has shown what we knew already – that he’s a top-quality player who will be a fantastic asset to the team.
“It was very frustrating that we didn’t add at least another signing to the squad in the recent window, but it was not for lack of effort.
“It was not an easy task to improve the quality of the current squad with the financial resources at our disposal, particularly in a window which the value of players was grossly over-inflated and the demands of agents likewise.
“I worked hard on several targets, and we made a number of bids for players, but for various reasons – some of which were outside the club’s control – we were unable to secure our targets.”
Kinnear maintained that Newcastle must “live within its means” in its transfer dealings – despite Ashley’s huge personal fortune.
He added: “We will continue to operate in a financially responsible manner, buying only the right players for the right prices, and not paying over the odds or making costly knee-jerk decisions.”