Bond only started his short spell as Glenn Roeder's assistant in July.
But Bond has answered back and criticised Newcastle United for failing to launch a proper investigation before deciding to sack him.
Bond: "I am extremely disappointed that Newcastle United Football Club has chosen to terminate my contract without carrying out any proper investigation into the allegations made against me in the Panorama programme.
"My lawyers will shortly be going to court to compel the BBC to release full transcripts of the recordings.
"Rather than waiting for this and the outcome of any FA investigation, NUFC have made their decision solely on the basis of a few sentences carefully selected and edited by Panorama. I intend to pursue all legal avenues to vindicate my reputation and restore my career and livelihood."