Report: Newcastle United reluctant to spend in January, Ashley not convinced by value

Mike Ashley at Tup Tup Palace

Newcastle are not set to sign any players in the January transfer window.

Newcastle are facing a January transfer window with no incoming signings, as reported by the Telegraph.

Steve McClaren’s team currently sit in 19th place, two points off safety after 14 fixtures. They look completely out of sorts, and many believe that the only way the Magpies can stay in the Premier League would be by heavily strengthening in January.

However, this does not look as if it will be the case, with the report claiming that Mike Ashley is not ready to splash the cash when the transfer window opens.

It is stated that McClaren will have to sell to buy if he wants to bring any players in, with Ashley not pleased with their current position in the Premier League after signing almost £54 million worth of players in the summer.

They were the fifth highest spenders in European football over the summer, and Ashley is not ready to spend again considering how poorly McClaren has been doing with his current group of players.

Ashley is also not convinced by the value to be found in the January market, when selling clubs can hold buying clubs to ransom as they know they are in total control a potential deal.

There is no value for money to be found, and Ashley is not ready to sanction a transfer considering the money he has spent in recent months.

This decision is sure to infuriate Newcastle fans, who believe their squad is currently on course for relegation.

If Ashley is not ready to spend more money in January, the Magpies may as well start preparing for life in the Championship ahead of next season.

Register for NEWCASTLE UNITED team updates

Register for HITC Sport - Daily Dispatch