Newcastle spend much last season, after then Arabic owner took over the club, for over many years they haven't been to Any European cup. But the take over has proven that every big clubs was once a small club, until a rich owner took over the club.
Arsenal and Newcastle are on the same scale of ranting now, both has not won any europen cup, But I'm sure Newcastle will win it before Arsenal. Newcastle is a big club already, and they can bring in any player of their choice just like every other elite clubs, because they have the resources to compete in the market.
The owner of newcastle united has considerable wealth, but is he planning to pour out a lot of money to howe to buy star players. So far, I haven't seen any target of Newcastle United from star players or players who shine enough from other leagues. it's time for newcastle united to make big changes if they want to start next season especially newcastle united will compete in the Champions league surely they need a lot of experience from players who have already played in the Champions league. For now we'll have to wait to see if Howe does a more sensational job in the transfer window.
As far as I know, Newcastle got an Arab owner and they got enough money to spend on the team and hire better players they need for the champions league because they had hard work to get the ticket for it, because with the players Newcastle currently have they can't have much chance to race for the champions league title comparing to many other teams when they invested much more money for it.