The Sunday Mirror reports the Toon MDâ€™s disparaging verdict on England striker Carroll came when he was giving a group of Newcastle fans an insight into the ÂŁ35million deal that took the England striker to Liverpool in January.
Llambias insists that Newcastle got the better of the deal.
The Anfield clubâ€™s first bid was ÂŁ30m and Llambias told the fans: â€śI have to admit that ÂŁ30m for Andy Carroll is a lot of money.â€ť
When one supporter asked him â€śIs he worth ÂŁ30m?â€ť Llambias responded: â€śNo â€” heâ€™s worth f*** all.â€ť He then explains that after rejecting the ÂŁ30m offer, Newcastle refused to sell even for ÂŁ35m unless Liverpool paid the entire fee up front.
Llambias explained: â€śIt is about control.
â€śWe had the control. We knew the Torres deal was there.
â€śWe drew that f****** deal, perhaps the ultimate.
â€śSo ÂŁ30m? F*** off! Donâ€™t waste my time and I slammed the phone down.
â€śÂŁ35m? Everybody including Pardew [manager Alan Pardew] all agreed.
â€śBut the ÂŁ35m they wanted to pay over four years. It was rubbish. Mike (Ashley) said â€” and he is a brave boy Mike I promise you â€” get all the ÂŁ35m up front.
â€śWe got it all up front and then they never paid us on time and we charged them 12 grand f****** interest.â€ť