For some clubs the cost of being relegated from the Premier League can be much more than just money it can actually lead to a downward spiral that leads to an exodus of players and a slip down down the leagues.
Fortunately for Newcastle United fans their club already looks to be bouncing back from relegation and has a huge fan base to fall back, unfortunately as the latest reports reveal far too much of the fans’ hard earned cash has been squandered over the past 12 months.
The club spent more than £70 million under former boss Steve McClaren who signed several big money stars yet surprisingly failed to keep Newcastle in the Premier League.
Georginio Wijnaldum, Florian Thauvin, Aleksandar Mitrovic, Chancel Mbemba, Jonjo Shelvey, Andros Townsend and Henri Saivet were all signed under McClaren’s tenure over two transfer windows.
Newcastle fans have been venting their frustrations on social media at the money squandered by their former manager and Mike Ashley’s role in it:
— scott (@howay_the_lad) April 6, 2017
— Chris Dixon (@c_m_dixon) April 6, 2017
— Andrew McVittie (@Andrew_McVittie) April 6, 2017
— ed_bell (@edjbell) April 6, 2017
Ashley has taken #NUFC down twice in 9 years with serial misjudgements.McClaren folly the most costly & still impacting on future finances.
— Brian McNally (@McNallyMirror) April 6, 2017
@McNallyMirror Rafa will be gone by the end of next season. He won’t put up with Ashley’s crap, he doesn’t have too
— James Fotheringham (@JamesFoth) April 6, 2017