Newcastle United chairman Chris Mort has revealed they offered more money to Luka Modric than Tottenham, but were still beaten by the London giants for the Croatia midfielder.
"In addition to making any immediate fixes that may be required, as with everything else we have done since Mike acquired the club, we will want to acquire players that can help make Newcastle United a top team for the medium and long-term, not just for the next season or two.
"That is why we put a substantial offer in for Luka Modric, who is aged 22.
"It is frustrating that Modric, like (Jonathan) Woodgate before him, should take less money than we offered to move to the bright lights of London, and European football with Tottenham next season, but these are the sorts of difficulties that should get easier to address once we build a squad that competes at the right end of the table."
