Newcastle fans dismiss reports of an £80million summer budget

Newcastle could have a potential budget of around £80million in the summer, according to Chronicle Live.

Various reports claim that Newcastle are still subject to interest from consortiums who are considering buying the club from the much-maligned Mike Ashley, which had meant that it had been difficult to predict how much money the club might have available to spend in the summer window.

However, participating in a Q&A for the Chronicle, Lee Ryder has revealed the funds that he expects the Magpies to have available to them next season, on the assumption that they first avoid relegation.

Ryder said:

I think if this season goes to plan and Newcastle stay up, Bruce will get a spending spree in the summer.

How much will that be? It’s always hard to say but I’d think between £60million to £80million should be at his disposal if the right targets arise.

Several Newcastle fans have reacted to Ryder’s claims, with a number of supporters dubious that the club will actually have that amount of money available to spend on transfer fees.

Twitter: @ChronicleNUFC Remember that £80 million is for wages, signing on fee’s and existing players new contracts ect so p… https://t.co/DtTsIQNT82 (@Robbo_the_rhino)

Twitter: @ChronicleNUFC @lee_ryder Now minus £80 million from that and then you will have the real budget. (@Stnufc9)

Twitter: @ChronicleNUFC What a load of rubbish. (@mickywag9)

Twitter: @ChronicleNUFC Absolute nonsense. Like Groundhog Day (@waynelynn)

Twitter: @ChronicleNUFC No one believes this nonsense…just like Rafa will get every penny, the 20 plus mill left that woul… https://t.co/a9mR8WX1he (@digitalclap)