Newcastle United boss Alan Pardew admits they can't compete with Arsenal and Tottenham in the transfer market.
Toon are competing with both London clubs for several major targets.
Asked whether Newcastle could convince a Continental target that they could offer more than one of the big North London clubs, Pardew told the Sunday Sun: "I don't think we're anywhere near Spurs in terms of the wage bill. Theirs is double ours, so you can forget about Spurs.
"That doesn't mean to say we can't compete with them on the playing pitch. On transfers, we can't compete with their wages. We can't compete with Liverpool's wages.
"We've got to face that reality. We can't."
