Shearer The Key To Newcastle Success In Far East!

McMahon has been on Tyneside this week for discussions with the club's hierarchy.

Mike Ashley has admitted he is looking for investors and McMahon had press reports round him at SJP 'like flies round shit', thinking Ashley was on his way.

However, the Toon owner insists he is in it for the long haul, and is totally committed to his investment, although he won't be splashing too much money around ... as we all expected.

Alan Shearer is still on Newcastle's payroll as an ambassador, and under the deal which has been hammered out at a Quayside hotel in the last 48 hours, he would travel to the Far East to open the bars and make public appearances to promote United.