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Llambias warns of prudent future

Derek Llambias with Magpies owner Mike Ashley [left]
Llambias [right] has a close working relationship with owner Mike Ashley

Newcastle United managing director Derek Llambias has reassured fans there will be money to spend during the summer, but not on a major scale.

Clubs such as Manchester City have raised the bar in spending terms but Llambias confirmed Newcastle cannot afford to compete with such sums.

"The money is there and we intend to spend it," he told BBC Radio Newcastle.

"Mike [Ashley] is a very wealthy man but can he afford 30m a year? No. But he'll be happy with 5m-10m."

The Magpies are one of a number of clubs at the bottom end of the Premier League looking to avoid the drop into the Championship.

But Llambias is confident that the club can secure their place in next season's top flight, and has faith in the club's plans for the future and the club's current managerial set-up.

606: DEBATE

"It's totally inconceivable, you just couldn't go there, and we won't go there," he added.

"That might be bullish about it, but you've got to have that faith.

"We've got Chris [Hughton] there, we've got Colin [Calderwood], they're doing a good job, and the staff morale and the players' morale is great.

"They're working for each other, and I like that. We should be safe."

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see also
Kinnear eyes return against Stoke
24 Feb 09 |  Newcastle
Keegan resigns as Newcastle boss
04 Sep 08 |  Newcastle


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