Rafa Benitez is refusing to sign a new contract at Newcastle until Mike Ashley commits significant money to the first-team squad, training ground and academy pitches.
But Ashley will not invest serious sums in any of those areas before Benitez puts pen to paper to commit his own future to the club.
The stances the pair are taking have created a standoff which is causing this summer’s recruitment malaise.
Benitez desperately wants to strengthen his squad but knows he is operating on a sell-to-buy or loan-only policy as things stand.
Ashley has sanctioned the £4.5million signing of keeper Martin Dubravka and Chelsea star Kenedy has rejoined on loan.
But a deal for West Brom striker Salomon Rondon and Crystal Palace winger Andros Townsend are set to remain on the back burner until something gives.
One option open to Benitez is World Cup runner-up Milan Badelj.
The 29-year-old Croatia midfielder is out of contract after four years with Fiorentina with several Premier League clubs including Newcastle being alerted to his free transfer status.
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