Newcastle's director of football Joe Kinnear has spoken of his frustration at failing to land his transfer targets during the summer, according to The Chronicle.
Kinnear was appointed in his new role at St. James' Park back in July, but failed to bring in a single permanent player to the North East club ahead of the new Premier League season.
The loan signing of French forward Loic Remy from Championship side Queens Park Rangers was the only arrival at Newcastle, and Kinnear has conceded that the summer did not go to plan.
Kinnear said in his programme notes before the home league fixture against Hull City Tigers: “It is very frustrating that we did not add at least another signing to the squad, but it was not for the lack of effort.
"It was not an easy task to improve the quality of the current squad with the financial resources at our disposal, particularly in a window in which the value of players was grossly overinflated and the demands of the agents likewise.
"I worked very hard on several targets and we made a number of bids for players, but for various reasons – some of which were outside the club’s control – we were unable to secure our targets."
Newcastle followed up their 1-0 win over Fulham with a 2-1 away defeat of Aston Villa last weekend but despite two goals from the loan-man Remy, Newcastle fell to a 3-2 defeat against Hull and further heaped the pressure on Kinnear.
He added: “We will continue to operate in a financially responsible manner, buying only the right players for the right prices and not paying over the odds or making costly knee-jerk decisions.
“This is the reality of a well -run football club that lives within its means.
“When a deal is right and the player can add real quality and depth to the squad we have the ability to spend.”
With the likes of Yohan Cabaye, Papiss Cisse and Hatem Ben Arfra remaining at St. James' Park during the transfer window. Many Magpie fans will see the summer as a successful transaction period.
But with Kinnear's role under close scrutiny it remains to be seen whether the ex-Nottingham Forest and Wimbledon manager will win over his critics when the transfer window reopens in January.
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