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.”