WHAT ASHLEY SAID
MIKE Ashley has made a rare public statement about Newcastle’s spending power in this summer’s transfer window.
The Magpies, who are currently looking at bringing in players on loan, have spent just £31million during the current trading period with Ashley opening up about Rafa Benitez’s transfer kitty.
When asked how much money would give to Benitez, he said: “Not enough – very simple. And Rafa knows that.
“It’s not a secret, every penny the club generates he can have but it won’t generate enough. It’s Newcastle United, it does not have a £40million a year stadium naming rights deal.
“I don’t want fans to watch this and think that’s great he’s getting £150million in the morning – he’s not.”
Speaking to Sky Sports, with Ashley not renowned for holding open Press conferences, the Toon tycoon said: “I’m nowhere near wealthy enough to compete with clubs like Man City. I don’t have the ability to write a cheque for £200m.”
And while Ashley is classed as a billionaire, the Sports Direct magnate added: “In theory I’m a multi-billionaire, but in reality my wealth is like wallpaper – it’s all in Sports Direct shares.
“I don’t have that cash in the bank. People on the outside looking in think in wealth terms those funds are in the bank.
“They’re not. I am nowhere near wealthy enough. Basically, it’s a wealthy individual taking on what is the equivalent of countries. I cannot and I will not.”
Ashley also confirmed that Benitez does have final say on transfers and that managing director Lee Charnley answers to the Real Madrid boss.
“Rafa makes all the final decisions, Lee answers to Rafa – we’re crystal clear,” he said. “He makes decisions on players out, players in. But he has to do it with the money the club have.”
The club made the recruitment process clearer this summer when parting company with chief scout Graham Carr, who had an influential position and enjoyed power in certain situations over the manager or head coach. ■■THERE will be a longer interview broadcast tomorrow at 7pm on Sky.