Eddie Howe knows Newcastle will find it tough to strengthen in January

Eddie Howe has admitted Newcastle have few friends as they attempt to bolster their squad in January against the background of stringent spending limits in the wake of their £400million spree.

The Magpies’ latest financial figures for the year ended June 30, 2023 were published on Thursday and revealed a loss after tax of £73.4million, prompting chief executive Darren Eales to reveal they may have to sell before they can further strengthen their squad.

Howe has been linked with a January move for Bournemouth striker Dominic Solanke, but the 46-year-old insisted such a deal was currently beyond his pocket.

He said: “(It’s) a frustrating story for me because yes, I love Dominic Solanke – I signed him and I rate him very, very highly.

Newcastle boss Eddie Howe has played down a link with Bournemouth striker Dominic Solanke

“But we have not made an enquiry for him and we don’t have the ability to sign a player of that level.”

Howe’s squad has been decimated by injuries and Sandro Tonali’s 10-month suspension, and Newcastle will go into Saturday’s Premier League clash with Manchester City with 10 players unavailable and latest addition Joelinton facing a minimum of six weeks on the sidelines.

The Brazilian’s misfortune – he has a thigh tendon issue – exacerbates the club’s problems in midfield, which had already prompted an interest in a temporary, but so far unrequited, move for City’s Kalvin Phillips, although even that is proving problematic.

Howe said: “I’m not sure there’s many clubs out there that are willing to help us currently.

Manchester City’s Kalvin Phillips is a loan target for Newcastle

“To agree a loan deal, you need the club to agree to that deal, so we’re in that moment where I’m not sure we have many friends in the