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Newcastle legend Temuri Ketsbaia warns club's new owners that they will have to pay DOUBLE to bring players to North East... but insists they have what it takes to win the league if things go well after £300m Saudi buy-out

Newcastle United are edging closer to a sensational takeover by some of the wealthiest individuals on the planet, but a club icon has warned of the huge spending commitments which lay ahead.

Fans' favourite Temuri Ketsbaia has welcomed the proposed buy-out, but feels the incomings owners must work especially hard and go as far as to pay players double their wages to move to the north east.

Ketsbaia knows what it takes to see Newcastle on the up, having signed for the club in the immediate aftermath of Kevin Keegan's failed title tilt of 1996/97.