Today Davies has warned Mike Ashley he will have to splash out more than £60million this summer to guarantee Newcastle's Premier League future.
Which must have Forest fans fearing the worst if THEY go up through the play-offs ... because they are a club that doesn't have 'two pennies to scratch its arse with'!
Davies: ‘They’ll be facing a very difficult task.
‘When Derby went up, Tottenham were a very good Premier League side and they spent £50m on top of what they had.
'Newcastle are different from other clubs who’ve been promoted because of where they come from. They’re already sitting here with a budget that exceeds X amount, with a squad depth that has huge experience. But they still need to spend and, as a greedy manager, I think at least £40m for the first window and £20m for the second.
‘But they have very good experienced players: Gutierrez, Enrique, Ameobi — you can go through the team. They are better equipped than others and are a different animal — an animal ready-made for the Premier League with a Premier League infrastructure, but it will need an injection of new players.
‘They deserve great credit for getting into the Premier League but they know that it takes huge spending to compete.’