Newcastle United boss Alan Pardew insists that he will have money to spend in the summer to strengthen his squad.
The Magpies pocketed £35 million from the sale of star man Andy Carroll to Liverpool on a frantic final day of the January transfer window.
Their form since then has been patchy and they are far from safe in the Premier League, currently sitting just four points above the relegation zone.
Bwin.com’s football betting market on who will finish in the bottom three currently has Newcastle at 9/1 to drop into the Championship, meaning a successful £10 stake would return £100.
However, Pardew explained that owner Mike Ashley has promised to re-invest the funds from the Carroll deal, with particularly strong backing likely if Newcastle maintain their top-flight status.
“Mike Ashley has made that commitment that the money will go back into the club,” he told BBC Newcastle.
“I’m sure 100% that he will and it’s my challenge to spend the money wisely.”
Pardew added that he did try to replace the England front man in the final few hours of the transfer window, but was put off by some “comical” asking prices from potential sellers.
“We couldn’t waste the money by paying an over-inflated price for someone who wasn’t as good as Andy,” said the former Charlton and West Ham boss.
“The most important thing from that deal was that we got over the line, because then we get the opportunity to spend the money to strengthen the team overall.”
For now, the most pressing issue on Pardew’s mind will be the visit of in-form Wolves to St James’ Park on Saturday.
Mick McCarthy’s men may sit 18th in the table, but they have picked up three wins and two draws from their past six Premier League games, so Newcastle will not be taking them lightly.
A successful £10 bet on Newcastle to beat Wolves 2-1 at 15/2 with bwin.com would return £85. New customers can register here for a free £25 bet.