JOHN Carver says Newcastle United are facing the biggest summer in its history – as a £34m cash pile was revealed in the club’s accounts.
United revealed record £18.7m profits last month for the 2013-14 season.
The full accounts were filed at Companies House this week.
And they also reveal that £38.6m was transferred into Newcastle’s bank account as a cash-flow sum – paying off a £4.5m overdraft and leaving £34.1m available.
That disclosure has angered many fans, given the glaring weaknesses in a squad which has been decimated by injuries and suspensions this season.
However, head coach John Carver has reiterated his belief that United will invest heavily in players this summer.
I have said it last week and straight from the heart, they know – the football club know – that they have to invest in the team, because you can only keep going for so long.
Carver was speaking ahead of Sunday’s home game against Tottenham Hotspur, which some fans are planning to boycott in protest at the club’s direction under owner Mike Ashley.
“This is the biggest summer in the club’s recent history, definitely,” said Carver.
“We know that, everybody knows that.
“We have to (get it right). Let me tell you, (managing director) Lee Charnley, Mike – they all know that. We have to get it right.
“I have said it last week and straight from the heart, they know – the football club know – that they have to invest in the team, because you can only keep going for so long.
“They have to invest in the team, and I have had assurances they are going to.
“They need to invest in the summer. They’ve said they’re going to invest in the summer. Whether they’ve said it in previous summers and it hasn’t happened, I don’t know.
“What I’m saying is they’ve said it to me, and I’m adamant that they’re going to invest. I’ve seen the plans.
“That is encouraging – not for me as John Carver the head coach, but for John Carver the fan inside me. I can’t say more than that – that’s how it is.”
Asked if the number of ins and outs could rival that at Southampton last summer, Carver added: “I would have thought so, yes.”
Carver – who was at Sir Bobby Robson’s side for the club’s last Champions League campaign – says the challenge for United next season will be to emulate Southampton, who are pushing for a European place.
“We’re not going to win it (the league),” said Carver, No2 to Alan Pardew when Newcastle finished fifth three years ago.
“But if we invest right, why can’t we go after European spots, Champions League spots? Why not? Look at Southampton, they lost so many players and had to replace them. They’ve done a great job this year.
“Every so often a team just comes through from somewhere – like we did.”
United go into the Tottenham game still needing to secure their top-flight status for another season with six matches left to play.
And Carver – who still hopes to get the head coach job on a permanent basis – says his primary concern is getting the team over the line between now and the end of the season.
“I can’t do anything about the protests,” he said.
“I can’t do anything about what’s going to happen next season with my position, so I have just got to stay focused and maintain some sort of level-headedness going into these games and make sure we get the right results.”