Joe Kinnear has finally spoken to defend himself and Newcastle's transfer policy.
The club's director of football reflected on a poor summer transfer window where the Magpies were only able to seal a loan deal for QPR striker Loic Remy.
Kinnear blamed the "overinflated" value of players and the demands of agents for the club's failure to secure a permanent signing.
He wrote in the Hull City matchday programme: "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."
Kinnear watched the Magpies twice throw away the lead against newly-promoted Hull in Saturday's 3-2 defeat at St James' Park.
The 66-year-old had told Toon fans disappointed with his appointment to judge him on the players he brings in during the summer. After the transfer window closed on 2nd September, Kinnear was nowhere to be seen - with boss Alan Pardew issuing a short statement about his happiness with the squad.
Kinnear has now reiterated the club's transfer policy, and clarified his role at the club:
"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.
"My role is to work closely with Alan and our chief scout Graham Carr including identifying what the manager feels he requires in order to strengthen the team.
“Looking at the targets Alan and Graham put forward to meet those needs as well as utilising my own contacts and knowledge, of course pushing the boundaries with Mike to see what money can be made available."
Kinnear added he is keen to strengthen not just the first team but the entire Newcastle squad.
What do you make of Kinnear's explanation? Is the club's failure to spend justified?
image: © mickyb59