Newcastle manager Alan Pardew has backed the club's transfer policy but insists he does have money to spend.
The club's managing director Derek Llambias released a mission statement last week explaining that they are keen to avoid so-called 'trophy' signings.
He said "the days of (those signings) who command huge salaries for past successes on the pitch are over".
The Magpies received a club record fee for the services of Andy Carroll in January, with Liverpool spending £35million on the striker.
But the club have spent a fraction of that money during the summer transfer window, and gained current central midfielder pair Cheick Tiote and Yohan Cabaye for a combined fee of £8.3million.
Pardew's side have enjoyed an unbeaten start to the season in the Premier League and are fourth, behind only Manchester United, Manchester City and Chelsea.
The Toon boss has declared that, despite owner Mike Ashley focusing on recruiting younger players, it does not mean that they will not spend money should the right player come along.
He said: "I understand their (the fans) point.
"Not just under Mike's tenure as the owner of this football club, before that, big players signed here, and at other clubs, and have not been a success.
"I don't really like putting tags on players because that doesn't mean to say we can't buy an expensive player, we just need to buy the right players for this football club.
"I understand their point. They have been hurt, and if you have been hurt with a big, big signing who hasn't produced anything on the pitch, you are going to be slightly wary of that type of player."