Newcastle have been mindful of financial fair play restrictions and despite spending heavily in the summer, they were calculating about the kind of players they wanted.
They spent big on snaring Sandro Tonali away from AC Milan but have been careful about ensuring their targets fit the team and the ethos of manager Eddie Howe.
Cabaye admitted that he has been enjoying the fact that Newcastle are in the Champions League and has been following the way they have acted since being backed by Saudi Arabian riches.
He stressed that Newcastle are moving in the right direction and more importantly he feels the club have resisted spending recklessly on players they do not need, which could have been easy to do.
“Yeah, I’m glad to see Newcastle at the top, under the lights, in Europe, in England”, the former midfielder told The Athletic.
“I can see that the new ownership is working well.
“I had the chance to meet Dan [Ashworth, the sporting director] at the Champions League draw in Monaco.
“I know they are going the right way.
“It could have been easy to spend money after money on players that don’t fit the project.
“They are doing well and I’m glad to see that.”
Cabaye’s two former sides, Newcastle and Paris Saint-Germain, are set to clash in the Champions League tonight.
