The Telegraph are reporting that our new owners could spend £190million in January without jeopardizing Financial Fair Play regulations.
A lot has been made about whether Newcastle could do what Man City did when Sheikh Mansour initially bought the club back in 2008, with the rulebook and possible sanctions being brought in to stop teams spending above their means.
The article claims that Mike Ashley’s frugal approach to running our club will benefit us and free up the coffers for us to go above and beyond when the transfer window reopens.
By then, a new manager will be in place and the major rebuild well and truly underway, with Steve Bruce unlikely to survive until next Sunday’s clash with Spurs – never mind into the new year.
From an economical perspective, Ashley has ran the club is a sustainable way, which means we have no debt and have actually been making a profit for the last three years – a huge feather in our cap when it comes to Financial Fair Play.
This backs up what former Crystal Palace owner Simon Jordan said on talkSPORT yesterday, who said that we could “spend up to a billion pounds” in the summer and it would not matter in the slightest.
These reports seem accurate, as Ashley has indeed put us on a sound financial footing, although to the detriment of the club on the pitch.