Steve McClaren will be armed with a £50million transfer kitty as he looks to end Newcastle United’s 46-year wait for silverware.
And his first move in the transfer market will be to try to persuade QPR striker Charlie Austin to join him on Tyneside.
McClaren was yesterday unveiled as head coach on a three-year contract which could be extended to eight years.
And in a shock move, he was also appointed to the board alongside chief scout Graham Carr and Bob Moncur – the last Magpies skipper to lift a trophy (the Fairs Cup back in 1969).
McClaren has been tasked ending that record, as well as turning Newcastle into a top eight team.
With United having only just avoided relegation last season, serious investment is needed if McClaren is to achieve his targets, and he has been given assurances by owner Mike Ashley and managing director Lee Charnley that there will be considerable money to spend.
McClaren said: “There’s a lot of work to do, but the club has made it clear about wanting success, and I would not have come here if I didn’t believe they were serious.
“This club has waited far too long to win a trophy. That’s one of my primary objectives here.
“I’ve already won trophies as a manager, and a club the size of Newcastle United should be winning cups and finishing in the top eight in the Premier League.
“The key thing for me was the statement that (Ashley) made at the West Ham game when he actually came out with drive and determination and focus, and talked about the objectives and what he wanted to achieve.
“He said it with such verve and vigour that everybody was convinced, everybody was rejuvenated through that.
“The objectives are top eight, and to win a trophy. That’s something that’s been transmitted through to me in meetings with Lee Charnley and the rest of the board.
“That’s what we want to achieve. That’s what we must achieve together.”
McClaren has already identified Austin as his No.1 strike target, and hopes his previous relationship with the player will help persuade him to join him on Tyneside.
McClaren’s brief spell coaching at QPR coincided with Austin’s arrival at Loftus Road, and the pair worked together for a couple of months before he took over as Derby County manager.
But McClaren and Carr, armed with a bumper transfer kitty after Newcastle posted £18m profits, have an extensive list of targets as they look to strengthen all areas of a squad which is painfully short of quality and quantity.