Quote:
Originally Posted by daveeb
If anyone can loosen Ashleys purse strings it would be Rafa. You've got a top manager there.
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Despite popular belief, there are no purse strings, Newcastle can spend what they've made and that's literally the line. Mike Ashley merely refuses to bankroll transfers. Doing business this way keeps Newcastle as a rare breed of club that's debt free rather than the Roman approach at Chelsea in which everything he's put in is expected back in some form or another. Usually by payment from anyone that buys that club, thus owner debt adds value to the club. Ashley did plunge in £150m on his arrival to the club, thus adding £150m to the total cost of buying the club. So yeah, Newcastle can spend every penny they have available but none of it will be bankrolled by Ashley.