Phil Neville believes Newcastle United need the Amanda Staveley takeover to happen as they are in “total free-fall” after recent results.
In his column for BBC Sport, the pundit suggested that without a takeover the situation would be bleak after only picking up one point in nine games.
“Newcastle, meanwhile, are in total free-fall after taking one point from their past nine games,” said Neville.
“The prospective takeover by Amanda Staveley needs to happen, because otherwise things look pretty bleak.”
Neville revealed that he puts the Magpies in the same category of Swansea City as both need to invest heavily in January in order to avoid serious trouble.
Newcastle United haven’t won in their last nine league games, slumping to defeats in their last four.
The poor form has left the Magpies 18th with 15 points, one point adrift of safety.
Newcastle United are next in action against fellow strugglers West Ham on Saturday, and know a win would move them above the Hammers.
Despite Neville claiming the Magpies need new signings in order to survive in the Premier League, the club have several important games before the window opens.
Along with playing West Ham, Newcastle United have to face Brighton and Stoke City, who are also battling relegation, with their current squad.
In other Newcastle United news, another journalist has delivered a worrying update on the transfer future of the Magpies as they eye up a Premier League attacker.