Little to no transfer budget could have severe consequences for the Toon Army.
Newcastle’s lack of spending has seen a surge of bets on the Magpies to be relegated from the Premier League this coming season.
So far, Rafa has been able to bring in Martin Dubravka from Sparta Prague, Ki Sung-Yeung on a free and Kenedy back on loan from Chelsea.
Hardly glamorous signings to say the least. However, Kenedy did impress when on loan last season, but again, the lack of ambition from owner Mike Ashley has infuriated the Geordies.
With seemingly no money in the pot for the Spaniard to spend - and with the likes of Wolves and Cardiff coming up and throwing money about - punters believe Newcastle could once again bow out of the Premier League.
30% of all bets in the last 24 hours have been placed on Rafa Benitez’s side to be relegated to the Championship. Currently best priced at 6-1, there are seven other sides more likely to according to the bookmakers.
However, if no one else is to come through the door before the season starts, Newcastle could find themselves in serious trouble.
Oddschecker spokesman George Elek: “It has been an infuriating summer so far for Newcastle fans as Mike Ashley refuses to put his hands in his pocket.
They have a world class manager, stadium and support but the absence of personnel coming through the door is a huge concern.”