Date: 22nd November 2017 at 3:06pm
Written by:

By Russell Edge

Former Arsenal star and Sky Sports pundit Paul Merson has claimed that the club need to invest in the region of £300million if they hope to taste success any time soon.

The Magpies are currently in the midst of a potential takeover, with Mike Ashley and Amanda Staveley, who is fronting an approach from PCP Capital Partners, currently in negotiations after an initial £300million bid was reportedly rejected by the Sports Direct Supremo.

It is said he is looking for more in the region of £350million for the club, and Merson says that a new investor should expect to be spending the same amount of money in the transfer market once they buy out the British businessman.

Insisting that manager Rafael Benitez is among the world’s best, and that he must be adequately backed, he told Sky Sports’ The Debate programme (21/11): “Buy the club for £300 million?

“If you want to be successful, you’ve got to keep the manager because he’s probably in the top 10 in the world.

“The other thing, you need at least another £300million (to spend on players), at least £300 million.”

Many will view Merson’s suggestions of spending as outrageous, considering Newcastle have reportedly spent less money than that in the transfer windows from the 2008/09 season to present day, which covers eight of Ashley’s ten years in charge of the club.

Benitez himself has rubbished the suggestion that he will be handed a mega transfer budget by a new investor, insisting that he is expecting to get the same money that he would be given by the current owner.

In other Newcastle United news, a report states that the takeover talks are on the brink of collapsing.

We’ve launched a << BREAKING NEWS FEED>> exclusively for your club. ‘Like Us’ on Facebook by clicking here if you want 24/7 updates on all Newcastle United breaking news