Amidst the latest fan protests against Newcastle United owner Mike Ashley, Liverpool great Jamie Carragher has criticized the culture of rich businessmen purchasing football clubs to make money.

Ashley has managed Newcastle in a way to continue profiting from his initial investment but Carragher is of the belief that perhaps it is not for the good of the entire club.

"Some people may say you're not helping the situation [by boycotting] - I can understand that argument - but it's getting to the stage now where football is so big," Carragher said on Sky Sports.

"There's that much money coming into the game with the new TV deal, and I'm sick of owners coming in, who are successful businesspeople wherever they've been, and they think 'where else can I make money, oh I'll buy a football club'.

"I had it at Liverpool with George Gillette, Tom Hicks, and I think it's the same at Newcastle. It's the same further down - look at Blackpool, owners taking money out of a club.

"People will tell the supporters they've got to come back, support the club, they're not helping. But what are the owners doing for the supporters?

"I'm not wanting some owner to come in and do something stupid, spending all kinds of stupid money and putting the club at risk, but they've got all kinds of money sitting in the bank."