Lee Charnley reveals the REAL figure Newcastle spent this summer

Newcastle United chief executive Lee Charnley
Newcastle United chief executive Lee Charnley
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Newcastle United spent a whopping £52.6million in the transfer window, according to managing director Lee Charnley.

The club signed five players – Georginio Wijnaldum, Florian Thauvin, Aleksandar Mitrovic, Chancel Mbemba and Ivan Toney – in the summer transfer window, which closed this week.

And the club also kept hold of all its key players.

Charnley said: “I want to take this opportunity to confirm that the net amount spent this summer is £52.6million, with £51.5million cash paid out.

“On top of the transfer spend, our wage bill for the year to 30 June 2016 will increase by a minimum of just under £9million as a result of our activity during this transfer window.”

Charnley reiterated the target for new head coach Steve McClaren was a top-eight finish in the Premier League – and a trophy.

He added: “We have set Steve a target of a top-eight finish and to win a trophy.

“Everyone at the club is driving hard towards that goal. However, all of this rebuilding and reshaping isn’t something that can happen overnight. It will take time.”