Niall Quinn questions Newcastle summer spending plans

Magpies owner Mike Ashley has insisted there will be no capital outlay on new players during the close season as the club attempt to manage their debt.

However, with many fans anticipating a long, hard fight for top-flight survival, Quinn would not be surprised if manager Chris Hughton was presented with some cash.

He told the Journal: "They could be playing a clever game.

"They may have set themselves up a little bit when Mike took them on. There was a new pressure because he was bringing so much money into the club, the outside world thought, 'This is it, Newcastle are going to be in the top four'.

"This time around, I'm sure they have learnt an awful lot to give a lesser message out, and anything better is a bonus.

"I wouldn't be surprised if Chris has loads of money to spend."

That would seem unlikely with Newcastle estimating their loss over the last two financial years at almost £70million and with Ashley's interest-free loans to the club currently totalling £111million.

Quinn knows only too well just how much it can cost to stay in the Premier League after handing successive managers in excess of £110million over the past three summers in a bid to retain his own club's place among the elite.

However, while owner Ellis Short remains committed to backing the vision for the future sold to him by his chairman and current boss Steve Bruce, the Black Cats will not spend for spending's sake as football in general tightens its belt.

In addition, Short has converted much of his investment into shares, meaning there is no prospect of his cash being withdrawn.

Quinn said: "We were aspiring to good strong financial levels the day I came in here. We knew we had to have a punt, and that came from the [previous] owners' pockets.

"The beauty of the owner now is that it is not by way of debt to the company. It's almost like he's sponsoring the club.

"He can't get at it unless he sells the club down the road, which is terrific. That's a real good way of holding debt.

"I'm confident the formula we have used is the correct formula. Chelsea have decided to use it, but our man had done that a year earlier and we told nobody. It was just nice and sensible, under the radar.

"He brought what we thought was a good economic plan which allowed the club to prosper.

"If Ellis Short wanted to come in and not take a risk with that money, I wouldn't have taken it off him.

"We wouldn't have made the signings, nor would I have allowed the club to spend the money it has if it put a rope around the club's neck."