Newcastle United chief Derek Llambias says their sponsorship deal with Wonga will boost their transfer spending power.

Wonga agreed a wide-ranging sponsorship deal with Newcastle this week.

Llambias told The Journal: "It helps. No money will go outside the club, we've always made that commitment. It adds to a pot and that pot can only get better. It's a question of what we do on the pitch now.

"People haven't given us enough credit for what happened in the summer. We didn't lose any of our players and that was a massive plus - and we bought in Anita, who's a world-class player. He just needs to settle in like everyone else. I think we haven't changed our policy as far as our team's concerned."