Have they really spent massively? Certainly not as much as i expected them to have done by now.
Last season:
Bruno - £37m
Wood - £26m
Willock - £25m
Burn - £13m
Trippier - £12m
This season:
Pope - £10m
Targett - £15m
Botman - £32m
Isak - £62m
I'd say they've spent fairly wisely. Isak obviously the anomaly in all that list, costing a considerable amount more than the rest.
When you consider that Newcastle were already an established Premier League club (i.e. rich), it's easy to see how they can spend that money, even without the owners pumping it in.
Compare that with United. We spent ~£65m in our first PL season, then another £55m the season after. Newcastle have only spent in 2 seasons £112m more than we did in 2 seasons. More than half of that has gone on Isak alone.
Forest have spent £144m this season alone.
For me, Eddie Howe has spent very well. He's picked up players that he knew were experienced in the division; Trippier, Wood, Willock, Burn, Pope, Targett. Then added some flair players on top for bigger pricing - Bruno & Isak.
If they finish in the CLeague spots, we'll see them really flex their muscles though