Newcastle boss Eddie Howe has rejected criticism from Jurgen Klopp over their spending power.
Liverpool manager Klopp recently included the Magpies in a list of clubs he suggested have "no ceiling" as a result of the wealth at their disposal following last year's 80 per cent Saudi-backed takeover.
But Howe has insisted money alone is not the only reason the club is currently sitting in fourth place in the Premier League table.
He said: "Money doesn't guarantee success. It certainly helps, but it doesn't guarantee anything.
"You can recruit very badly and these days, that will cost you a huge sum of money, so it's about a mixture of things."