Magpies will give Big Sam a £50m transfer fund

Last updated at 10:58 27 June 2007

Newcastle chief Mike Ashley is prepared to invest £50million in transfer cash to trigger the club's revival.

The billionaire owner yesterday took his holding past 90 per cent of Newcastle shares, allowing him total power to get his regime into top gear.

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Joey Barton

Reports in the Daily Mirror suggest that in the short term boss Sam Allardyce will bring in Marseille defender Habib Beye to join new recruit David Rozehnal plus Liverpool's Sami Hyypia once the Scousers find a replacement.

Ashley will open his pockets to fund the rebuilding of Allardyce's next season.

Toon have brought in Mark Viduka, Joey Barton and Rozehnal, but they will be able to think bigger once Ashley releases more funds.

He has a £1.9billion fortune, and made his £134m offer for Newcastle in May and will take it into private ownership, automatically buying up the remaining 10 per cent of shares.

Four directors were axed yesterday but Freddy Shepherd stays as chairman to smooth the transition.

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