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Cape Town - Newcastle United owner Mike Ashley admits that the coffers are empty as they face the prospect of relegation in the coming weeks.
With eight matches left to play the Magpies are 19th in the Premier League standings and three points away from safety, and Ashley has revealed that their financial situation is just as perilous.
"All I can say is; there is a bank account. When you have emptied it, it's empty," he told The Mirror. "Don't come crying to me for more money.
"[There is] virtually nothing left now. They have emptied it. I have virtually nil effect on Newcastle in reality because I only pick the board.
"Do I regret getting into football? The answer is yes. I've had tonnes of fun in it but I haven't been able to make the difference I wanted to make in football.
"I wanted to help Newcastle. I wanted to make it better. But I haven't seemed to be able to have that effect. I think everyone can agree we've had a proper go at it this season but the results haven't been ideal."
The Magpies will still hope to avoid the drop under new manager Rafa Benitez, starting after the international break against Norwich City at Carrow Road.
