Where do you want to start?
The above players played a bit of football for Newcastle most of the below dint
Geremi 60k+ Smith 60k+ Joey Barton65k+ David Rozehnal, Habib Beye was decent. Mark Viduka massive wages was never fit. Cacapa big wages pile of **** that turned up to work in shorts and flip flops and got free physio
Basically, think there is another one or two players he bought in there as well.
There is a MASSIVE difference between needing one striker and buying a good one, and buying multiple expensive strikers for a club that CAN'T afford that level of wage spending. You can spend what money the club can afford any way you want really, when you start spending more than the club can afford.... well..
Bad buys, and financially inept buys that put the club in financial oblivion are completely different things.
Having a quick look, Souness got Owen, after great years for Liverpool and 13 goals in 18 starts for Real, for 15mil on around 100k a week, aged 26 I think. Had Owen not gotten so many injuries he likely wouldn't have been a bad buy, he was still deadly when he started, and deadly in the few spells he was fit, you can't predict a previously fairly uninjured player becoming insanely injury prone. By comparison he was massively injury prone before he joined Utd, and they bought a completely unreliable player for no reason at all, that was a bad buy. You can compare more to Utd, Kleberson of Djemba Djemba were horrifically bad, these were bad buys, but at no point did their wages threated to generate debt for the club, at all. They were buys that turned into bad players and then left, they were not buys who plunged the club into debt which takes years to pay off costing them the ability to compete financially in the time they are in debt, etc, etc. These are completely different things.
Fat Sam gave Viduka not far off the same wages, buying him at 30, having averaged 19 starts a season for 3 years, and 8.5ish goals a season in that time, but that was one 14 goal season and 2 **** seasons.
Fat sam was completely irresponsible, utterly woeful, and most importantly the football they were playing was abysmal and the team was doing horrendously despite the very heavy spending.
Take a look at West Ham, West Ham were actually winning constantly playing well and he decided to buy a few more players, which has made the team worse, increased their wage bill and plunging them further into debt by the day. The guy doesn't have a clue, he's Redknapp but worse.
Redknapp has worked so well at Spurs as he has a sensible man above him preventing insane constant spending plunging them into trouble.