Newcastle legend Alan Shearer is not happy

BBC pundit Alan Shearer looks on before the FA Cup Second round match between Hartlepool United and Blyth Spartans at Victoria Park on December 5, 2014 in Hartlepool, England.

Newcastle have made a profit of around £23m over the summer transfer window, and many fans have still been left frustrated by Mike Ashley's lack of spending.

Owner of Sports Direct and Newcastle United, Mike Ashley (L), arrives at the High Court on July 10, 2017 in London, England. Mr Ashley is defending himself against a lawsuit filed by...

Newcastle fans have endured a tough summer on the transfer front, but their owner has managed a profit of £23m in preparation for their 2018/19 Premier League campaign, spending around £30m on arrivals.

The Magpies sold two of last season's key players in Aleksandr Mitrovic and Mikel Merino for a combined total of around £30m, with several other departures from Tyneside - yet failed fully invest in their squad in order to progress in their second season back in England's top division. 

And Newcastle's all time top-goalscorer Alan Shearer has had his say on the situation in a rant on BBC's Match of the Day.

 

Shearer said: "No, I'm not (happy). I'm exactly the same as the Newcastle fans because Rafa has not been given the ammunition to take the club forward.

"Again, Newcastle are in profit in this transfer window — around about £23m. Plus for finishing 10th last year you get about £123m (in Premier League prize money)."

A Rafael Benitez flag pictured in the crowd prior to the Premier League match between Newcastle United and Tottenham Hotspur at St. James Park on August 11, 2018 in Newcastle upon Tyne,...

Newcastle fans will be hoping that Benitez can emulate what he did last season on a limited budget, when the Spaniard guided his side to tenth in the Premier League table. But it might be tough.

Rafael Benitez, Manager of Newcastle United gives his team instructions during the Premier League match between Newcastle United and Tottenham Hotspur at St. James Park on August 11, 2018...

Register for NEWCASTLE UNITED team updates

Register for HITC Sport - Daily Dispatch