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Huddersfield Town’s chairman stresses that the Terriers are willing to break their transfer record “a few times” this summer - highlighting Newcastle United’s need to spend during this window too.

The Magpies have made just one acquisition so far this summer - the £6million deal which turned Christian Atsu’s loan deal into a permanent transfer - and have missed out on players such as Tammy Abraham and Willy Caballero during the window already.

While Newcastle continue to haggle over the minutiae of an £8.8m deal for Eibar’s Florian Lejeune, Huddersfield have already broken their transfer record this summer - and are set to do so twice further.

Aaron Mooy made his loan move from Manchester City permanent in an £8m transfer, while Montpellier forward Steve Mounie and Derby County winger Tom Ince are both set to follow for fees in excess of £11m.

(Image: PA)

Fellow-promoted side Brighton and Hove Albion have also broken their transfer record this summer, whereas Newcastle’s remains the £17m they spent to lure Michael Owen from Real Madrid in 2005.

Interestingly, despite Huddersfield’s position as relegation favourites following their promotion via the play-offs, the Terriers’ chairman Dean Hoyle is determined to give them the best-possible chance of survival by investing a substantial portion of their £100m Premier League windfall.

“We need to spend some big money because the Premier League riches are there for everyone to see,” Hoyle told The Daily Mail.

“We may break our transfer record a few times but that’s the league we’re in.

“We’re in the biggest and richest league in the world with the most exposure and we’re a part of it and we’ll try to compete.

“We are the underdog. Everybody likes an underdog and I think we’ll bring something different to the Premier League this season. Hopefully we can shock quite a few people and become established.

“Burnley and Bournemouth are inspirations to us. We’re not going to copy what they do, we do it our own way. But they give us hope and I’m sure we now give lots of other clubs hope.”

(Image: PA)

Interestingly, though Hoyle says he will not ruin the “legacy” of the Terriers’ promotion by spending beyond the club’s means, he insists they will speculate in order to accumulate.

In fact, the Huddersfield chairman stresses the club as “on a different [financial] level now” and so must use that to their advantage.

He added: “We’re realistic. We know it’s going to be difficult, especially for the club that comes up last.

“We won’t be competitive financially in the Premier League but we weren’t competitive financially in the Championship.

“We are going to spend more money this year than the club has ever done and give it a really good crack. We feel we can find a way to do things and we will stick to our guns.

“We’re not going to be ridiculous. We’re going to keep within our limits, but at the same time we do recognise that we’re now playing at a different level and things have got to go northwards.

“We’ve gone from having a £11m turnover to a £110m turnover with a spot-kick and that has its challenges, believe you me.

“This club has taken a step change financially. We’re on a different level now. But you don’t have to blow your brains and go for the quick fix, you can take the long-term approach and do it the right way.

“We have to manage for the downside and we’re always mindful of that. We want to make sure that whatever happens in the future the legacy is left intact.”