Newcastle United legend Bobby Moncur told the Chronicle that he doesn’t necessarily believe that throwing money around in the transfer market will solve problems for his old side.
Moncur feels that the club’s owner has taken a step back from the club, because he doesn’t fully understand that big spending won’t necessarily mean progression for the club.
Ashley can free up funds to be spent on transfers by Steve McClaren, who is arguably the best placed person to decide what the squad needs to progress towards mid-table in the Premier League next season.
“In the world of football it doesn’t necessarily and I think that’s what Mike Ashley finds hard to come to terms with,” he said.
“You can put £100million into it and it doesn’t necessarily fix it - maybe that’s why he’s taken a back step and let others do the football side of things.”
The instinct for Ashley could be for the club to spend their way out of trouble, with a nice chunk of the next TV rights deal helping to offset any investments, which are made over the summer.
However, Newcastle also need to transform their mentality and belief which looked very low under old manager John Carver.
That’s not something that a large stack of cash will solve and something which McClaren needs to build up from the bottom of the club.
That can only come with results, starting with pre-season and moving into the start of the competitive campaign.
The most important thing for the Magpies next season is progression and a good shot at a domestic cup competition.
Hopefully Ashley will stay in the background if the club can achieve some relative success with him off of the board.