This seems a little disingenous. So far we have a net spend of less than 40 million, Ugarte's wages are being covered because he was injured at the WC, and we've already saved a bunch of money by getting Casemiro's wages of the books. We aren't "hemorrhaging transfer funds" because one player on big wages is staying, especially when him staying means we're not bringing in a forward to replace him. We want Hall because our recruitment team recognise that we don't have sufficient cover at LB. They're just likely too cheap to stump up the money Newcastle will demand so will probably go for a cheaper target instead.
Fair point on his wages, but we're still losing about 25m (being generous here) on a potential Ugarte transfer and more importantly, we're losing far more on Rashford staying this year (which hopefully isn't the case).
