Kieron Dyer fears Newcastle may have to spend £400m to become top six club

A general view of St James' Park during the Barclays Premier League match between Newcastle United and Tottenham Hotspur at St James' Park on May 15, 2016 in Newcastle, England.

Newcastle United are up for sale, and the Premier League side may have new owners by Christmas.

A general view of St James' Park during the Barclays Premier League match between Newcastle United and Tottenham Hotspur at St James' Park on May 15, 2016 in Newcastle, England.

Kieron Dyer has told The Debate on Sky Sports (broadcast on 18th October 2017 from 10:00 pm) that the potential at Newcastle is enormous as speculation continues that they may be the subject of a takeover, but expressed his worry regarding how much the potential new owners will need to spend to make the Magpies a top six club.

Newcastle fans have had reason to be positive lately with the news that Mike Ashley has put the club up for sale, and The Telegraph more recently reporting that Amanda Staveley is preparing a bid that could see the new owners in place by Christmas

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

That news is surely made all the better by the fact that the January transfer window would obviously be just around the corner, and thus, the new owners would have an immediate opportunity to prove their intent.

But Dyer fears that it could take an incredible amount of money to elevate Newcastle into the picture for the European spots in the Premier League that they were contending for during his time at the club when Sir Bobby Robson was in charge.

Rafael Benitez, the Newcastle United manager looks on during the Premier League match between Huddersfield Town and Newcastle United at John Smith's Stadium on August 20, 2017 in...

"The potential for that club is through the roof, the fanbase, 52,000 people they were getting in the Championship," he told The Debate on Sky Sports.

"My worry is to be a top six club though, you're going to have to look to spend another £300-£400 million to get the players to be a top six club."

While Dyer has his concerns, Rafa Benitez's men have made a bright start to the new season despite a frustrating summer transfer window, and currently just two points off the top six in ninth. 

Of course, there is a long way to go to take that next step, but if they can get a couple of inspired signings through the door during the next couple of years that prove their ambition, there are surely few clubs in the Premier League who will prove as attractive an option as the Magpies for potential targets given their stature and the manager currently in place, and that may make elevating themselves up the table much easier. 

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