Newcastle are in real danger of going down to the Championship at the end of the season and currently find themselves 17th in the standings with 36 points from 37 games.
The Magpies are just two points above Hull City, who are third from bottom in the standings at the moment.
Former Newcastle attacker Ginola believes that dropping down to the Championship may not necessarily be bad for the club.
“Going down to the Championship, why not? If it is to go back and become stronger and better, that's my philosophy,” the Frenchman told Sky Sports.
“Sometimes it does not matter if you go down to a lower division because it means that you are going to to restructure the whole thing.”
While Ginola has a point, the problem is that it is very hard to say what will happen in the long run.
All clubs in England aspire to play in the Premier League not only for the prestige but also for the huge amount of money involved.
True, Newcastle could restructure themselves and plan better for the future if they go down, but they can do the same if they remain in the Premier League.
Moreover, it has been proven over the years that there is no guarantee that a big club can regain their Premier League status.
Nottingham Forest and Leeds United are two of the biggest and prestigious clubs of England, but both of them have been playing in the Championship for years.
Relegation from Premier League is simply not good for any club.