The Spaniard’s future at St James’ Park remains up in the air, with the boss saying in the past that his contract renewal will depend on his ability to strengthen the squad in the transfer market.
Newcastle ended the season with a resounding 4-0 win away to Fulham, sealing a 13th-place finish in the Premier League.
But Gazza believes it is time for Ashley to give Benitez more financial backing in order to kick on next season.
“Rafa has been unbelievable,” he told TalkSport.
“The good thing about being Newcastle manager is you know how faithful the fans are. They’ll always turn up, even if they get beat. They’re incredible.
“I’m not being funny, but Mike Ashley obviously isn’t short a few bob and they’ve got to start giving Rafa money.
“They’ve been saying it for years, but a massive club like that and an unbelievable manager like that, with what he’s achieved, you’ve got to give the guy money.
“Obviously he’s going to spend it wisely, he’s going to spent top class players.
“The money mike Ashley’s got, give me half and I’ll show him how to spend it!”
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