Former Newcastle United boss Alan Pardew stands by his claims that Andy Carroll's transfer fee won't be available to manager Alan Pardew.
Keegan claimed Pardew would not be able to spend the cash owner Mike Ashley reaped from the sale of Carroll to Liverpool.
He said: "It is not going to be reinvested is it, I think that's obvious. As a Newcastle fan, if Carroll is the only one you are going to lose you have to be pretty thankful.
"There may well be other players going as we speak. I think they'll sell two more players and then he will sell the club. And that'll be the best day Newcastle fans have, when he sells the club.
"I'd love to be able to give Newcastle fans some encouragement but I can't see it getting any better in the short term."
