Graeme Souness says former club Newcastle will continue to struggle until they start competing in the transfer market. The Magpies endured another frustrating summer window and Rafael Benitez was again left to bemoan the board’s thrifty nature, with Yoshinori Muto’s arrival signalling their biggest outlay at just under £10m.
Benitez has struggled to get a tune out of his stars, picking up just two points from nine games to sit rock bottom of the Premier League table.
Remarkably it was Souness who made the club’s record signing when he brought Michael Owen to the club from Real Madrid for £15m in 2005.
The Scot was working for Sky Sports as a pundit on Monday and asserted that the Magpies have no chance of competing if owner Mike Ashley continues with his thrifty approach.
“That tells its own story, given inflation in football,” said Souness. “It tells you that they’ve not had the kind of investment of a club of that size and turnover – they should have done better in the transfer market. The manager should have had more support from whoever the owner was.
My home team Bournemouth have done very well on a limited budget but – I know it sounds mad – Bournemouth are outspending Newcastle United. That again tells its own story.
“It’s possible to do well in the Premier League without spending hundreds of millions but you have to invest – if you’re not investing then you’re standing still.”