The stunning new-look Newcastle United XI that can win Premier League title if £135m transfer rumours are true

A record-breaking balance sheet has evoked optimism around St James’ Park. Darren Eales confirmed Newcastle United’s accounts for the 2023-24 campaign - which show a 28 per cent increase from the previous year.

This has fuelled promise among a fan base that has watched on - for three consecutive windows - while PSR governs their every move. Saudi-backed riches promised life-changing investment in October 2021 - at least that is what Newcastle supporters thought.

While the club’s fortunes have improved, in truth, financial restrictions mean PIF - worth over £700billion - are unable to empty their pockets to propel the Magpies to glory. But for the first time since the early post-takeover days, Newcastle are in a strong position to spend.

Shrewd business in January while keeping their powder dry should allow United wiggle room on the balance sheet. Those purse strings could be loosened further if Eddie Howe’s men qualify for Europe this season.

How might Newcastle line up next season? Take a look at our mock-up starting line-up based off current transfer rumours.