Alan Pardew: "I do think that the clarity of the budget is important.
"Some fans may not be entirely happy with the amount we have to spend, but at least they know the whole picture.
"When you look at the world economy and where football is at the moment, we are seeing some really tough times.
"We have seen examples of Portsmouth and Rangers in Scotland that show if you over-stretch, you are going to find yourself in serious trouble and you are putting the club's future at risk.
"At Newcastle, we have got a good foundation and a good financial model, and now the question is whether we can bring success within that model.
"That's the challenge that I accepted when I joined the club, and so far we are doing well and can hopefully continue to grow as we go along."