The former Toon chairman made a bid to get in on the action at Leeds United, and was quickly told where to go.
And now his other interest ... Sheffield Wednesday ... saw their proposed takeover has edged a step closer after supporters' group Wednesdayite urged members to vote in favour of selling their shares ... but NOT to Shepherd.
Wednesday fans were far from happy when Shepherd showed an interest in their club after selling his Newcastle shares to Mike Ashley.
Fans Snub Freddy Shepherd!
The Geoff Sheard consortium, who have already agreed to buy former chairman Dave Allen's shares, recently made a formal offer for Wednesdayite's 10 per cent stake in the Championship club.
Wednesdayite, the second biggest shareholder, will announce the result of the vote at a meeting on August 6 after allowing members 14 days to consider Sheard's bid.
Members of the fans group must first agree to change the rules which currently prevent them from selling their shares and then vote on whether to accept the offer.
A Wednesdayite statement read: "The Wednesdayite board is recommending that members vote 'yes' to the rule change and 'yes' to the sale of our holding."
Sheffield Wednesday's board of directors later issued a statement confirming they approved of the vote.