Think this nailed it.
https://www.themag.co.uk/2018/01/mike-ashley-logic-empty-bank-account-wont-spending-january-newcastle-united/
"rather than allowing the club to spend what it earns to survive, the club is being forced to hold in reserve enough to finance a season in the championship. Only funds available after that can be invested in the squad."
am not sure how to interpret this bit from the article. is it smart planning ahead, or bitter behavior from a man who's had his fingers burned? or...what?
My 2nd guess is if we stay up, he'll just top off whatever he sells the club for with emptying out that bank account as profit, and tell new owner that it's their duty to fund and/or wait for the PL tv money. If we go down, he'll use TV money not spent to cover wages, fund player transfers.
Thick fat cunt doesn't realize if he speculated a bit in the summer prior he'd have likely had a club "safe" from relegation, would have gotten the price he wanted, and could have fucked off into the sunset.