Despite the tight ways of Mike Ashley, Newcastle United have certainly splashed some big fees down the years.

The 56-year-old may have shelled out big the odd time, but that is not enough to excuse his awful ownership.

For a club of Newcastle’s size to have just one player pushing the £40 million mark is really disappointing.

Here are the 10 most expensive signings in the club’s history:

Fees taken from Transfermarkt.com

  1. Joelinton (Hoffenheim) – £39.4 million
  2. Michael Owen (Real Madrid) – £22.5 million
  3. Miguel Almiron (Atlanta United) – £21.6 million
  4. Callum Wilson (Bournemouth) – £20 million
  5. Alan Shearer (Blackburn Rovers) – £18.9 million
  6. Albert Luque (Deportivo La Coruna) – £18 million
  7. Gini Wijnaldum (PSV Eindhoven) – £18 million
  8. Aleksandar Mitrovic (Anderlecht) – £16.6 million
  9. Florian Thauvin (Marseille) – £16.5 million
  10. Allan Saint-Maximin (OGC Nice) – £16.2 million

To the dismay of most Newcastle fans, Joelinton is the club’s record signing, having cost just shy of £40 million nearly two years ago.

On the whole, the Brazilian has really struggled during his time in English football, and appears to be weighed down by his price tag.

Crystal Palace v Newcastle United - Premier League
Joelinton (Photo by Clive Rose/Getty Images)

Steve Bruce has spoken highly of the 24-year-old as have his teammates, but there’s no getting away from the fact that his signing been seriously poor business.

Despite signing all the way back in the summer of 2005, Michael Owen is the second-most expensive transfer in the club’s history, which further emphasises Ashley’s neglect of Newcastle.

 

It was another bad bit of business by the club, with the injury-prone striker’s best days well behind him.

(Mandatory Credit: Mark Thompson /Allsport)

Miguel Almiron and Callum Wilson are third and fourth on the list, and are two players Newcastle fans hope can really get the club where it needs to be.

Both players have shown they have real quality, and potentially they can fire the club to higher finishes in the Premier League under a better manager.

Completing the top five is Toon legend and Premier League Hall of Fame inductee Alan Shearer.

Shearer set his hometown club back just shy of £20 million back in 1996 – a fortune back then – and the club never looked back.

Carrying on from his time at Blackburn, Shearer was a complete and utter goal machine during his 10 seasons at St. James’ Park, and the club will struggle to ever possess such a deadly number nine again.

West Ham United v Newcastle United - Premier League
Allan Saint-Maximin (Photo by Michael Regan/Getty Images)

Allan Saint-Maximin comes in at number 10, and fans are constantly asking themselves how the club actually managed to get him so cheap.

The French maverick has wowed supporters with his dribbling and array of tricks, and one would imagine his value is now much higher than the original £16 million transfer fee he joined for.

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