Allardyce to be given one season to prove himself at Newcastle

Billionaire Mike Ashley, who is now the largest Toon shareholder, is confident he will take complete control over the club.

Ashley plans to spend £250m-plus on a five-year plan to make Newcastle Premiership champions by 2010 and serious Champions League contenders by 2012.

Allardyce is set to get £45m to spend on players this summer, but will be under pressure to finish in the European places.

Sources close to Ashley’s St James Holdings Limited share-buying vehicle said: “Ashley doesn’t feel he will have any problem going above the 50 per cent mark. Sam Allardyce will get significant funds for next season should he gain full control.

“It is a results game and the manager will be judged by what he achieves in that department. Ashley wants the very best for Newcastle. He is putting in a vast amount of money and expects results.”