Joe Cole predicts £300m Newcastle spending spree in January transfer window

Joe Cole says he thinks Newcastle United are about to go on a transfer splurge for the ages in a desperate attempt to avoid relegation.

The Magpies are bottom of the Premier League after failing to win any of their opening 14 matches.

They're already seven points from safety and blew a big chance to kick-start their recover after drawing against fellow stragglers Norwich on Wednesday night.

But with the January transfer window approaching, Chelsea legend Cole thinks Newcastle's new mega-rich owners will simply "throw money" at the problem until it goes away.

"They're going to spend £200 million to £300 million in January, they [the owners] have not come in to play games," Cole said.

"[They are] the richest owners that we’ve seen and I think in January they’ll just throw money at it. I think there’ll be four or five players coming in.

"Once they get one win and get settled then they’ll kick on."

In October, Newcastle were officially taken over by a Saudi-led consortium, putting an end to Mike Ashley's 14 years of unpopular ownership.

It's rumoured that the club now have an almost bottomless transfer kitty and the new owners are keen to turn Newcastle's fortunes around as soon as possible.

The likes of Eden Hazard, Raheem Sterling and Kylian Mbappe have been linked with moves to St James' Park, but the club's project faces a two-year setback if they get relegated this season.

Who should Newcastle United sign in January? Let us know in the comments section below…

According to Cole however, hiring Eddie Howe to replace Steve Bruce was a good first step for the new owners.

"Eddie Howe is a fantastic appointment, the sweet spot. He knows the Premier League, he improves players," said the former England star.

"One criticism of him is that he hasn’t bought well in his Bournemouth career when he was there. When he was given money, he didn’t spend it well and take them up to the next level.

"[But] I think he’s the right man for the job."

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