Shearer To Snub Four Year Contract?

Last updated : 09 May 2009 By Footy Mad - Editor

Telegraph: "Shearer, a managerial novice, has hinted to friends that he would relish the challenge of staying on to reinvigorate the club and has accepted that he will have to operate with a severely restricted budget even if Newcastle stay up.

"Ashley failed to sell the club earlier this season when fans turned on the 'Cockney Mafia' following Kevin Keegan's sudden resignation as manager after he lost a power struggle with the board over transfer policy.

"Shearer, 38, would be placed in total control of comings and goings at the club but it is understood he would have just £10 million to spend on new players in the summer, which would be drastically reduced if the club slide into the Championship.

But the former England skipper again said he has a contract with BBC TV and he will see it out.