Luton Town chief exec Gary Sweet admits they will work to a limited transfer budget ahead of their first Premier League campaign.

Sweet admits ground renovations will dictate the amount of spending they can afford in the summer market.

Speaking to Five Live Sport, he said: “It's (transfer budget) meticulously calculated and the one thing we'll set the boundaries and we won't go beyond that.

“I think that's the golden rule here of what our success will be, is having a sensible long term financial plan, strategic plan.

“What we're doing is frankly we're not hiding from this.

"We're having to put 12, 13 million in the stadium.

“There's always a few liabilities you've got like bonuses and little sums of money you might give to other clubs on contingent transfer fees, things like that, so you're probably into 20, 25 by that time.

"We're putting a good 25 million chunk of the first year into our new stadium, so actually all of a sudden you're whittling down and you've almost got half of your guaranteed income from broadcast rights going to something else, going to effectively infrastructure, building the foundations for the long term future.

"So our budget will be somewhat restricted by what is remaining, but we still believe we can be competitive with that."