The Newcastle chairman has dug deep for new signings this winter.
They snapped up the likes of Jonjo Shelvey, Henri Saivet and Andros Townsend from Swansea, Bordeaux and Tottenham Hotspur respectively.
Those signings have seen many a pundit tip them for survival and Jamie Redknapp has now made the same prediction.
Speaking on Sky Sports News today (12/02/2016) he made it clear that he feels Newcastle have too many good players to be relegated - and reserved special praise for much-maligned Newcastle chairman Mike Ashley:
"He (Shelvey) can pull strings in that midfield. He is one of the best long passers in the game. They've got (Georginio) Wijnaldum as well who will play off of (Aleksandar) Mitrovic, on the right (Moussa) Sissoko and then (Andros) Townsend.
"I look at that Newcastle side and I think pace. I can see them counter attacking teams. They shouldn't be in the position they are.
"So fair play to Mike Ashley. He has put his money where his mouth is. Now it is up to the manager and the players to get them out of this hole.
"I think they will stay up because they've got too many good players."
The Newcastle chairman has found himself the victim of criticism from his own fans on numerous occasions in the past but he has certainly backed new boss Steve McClaren in the transfer market so far.
Now the gaffer needs to start squeezing consistent results out of his well assembled Newcastle United squad for the remainder of the season - or else risk potential relegation to The Championship.
If he doesn't, then Ashley might have a tough decision to make.