Newcastle Get £10M For Owen – Board Meeting Still Going On

After a protracted battle with the FA – Freddy Shepherd has managed to secure £10M for the injury Michael Owen sustained at last year’s World Cup – which essentially kept him out of the Newcastle side for all of last season.


Smiling Michael Owen

Freddy Shepherd was locked in the Board Meeting at St. James’ Park this morning and was not available for immediate comment on the Owen deal – but a Newcastle spokesman told the Evening Chronicle:

“We have finally reached a comprise with FIFA and the FA regarding Michael Owen, and when you take into account the fact that his wages have been paid in full for two years and the compensation we have received, it’ll amount to around £10m.

“And let’s just say we are happy, and it has been well worth Freddy Shepherd’s fight.”

This will go down as somewhat of a landmark decision between Newcastle and the Football Association. Clubs cannot provide their best players for Internationals and then be expected to take the losses if that player gets injured. It’s a multiple hit to the club – because the player is then not available to them – but they still have to pay wages and medical bills. That doesn’t even take into account what it costs the club in potential league and cup placements because one of their best players in unavailable.

We think it’s a good deal for Newcastle – and worth the protracted fight Shepherd put up – on behalf of the club.

Members of the Newcastle Board were still in a meeting with Ashley’s representatives today – presumably reviewing the new organization Ashley wants at Newcastle. If all goes according to plan then Freddy Shepherd will stay on – but there is a slight chance if he doesn’t like what he hears he could still go – but that is not expected.

We are however, expecting Douglas Hall, Allison Antonopoulos (Hall’s sister), Bruce Shepherd and Timothy Revill to leave the club.

Now that we have £10M from the FA for Owen being out injured – we should be flush with money. But it doesn’t look like that is what’s holding Sam Allardyce up in the transfer market. In fact we’re not sure what it is – other than these transfers seem to take longer and longer to come to completion. We can only hope that some defensive signings will happen this week – so the players can begin the pre-season training at Newcastle next week.

Comments welcome.

15 comments so far

  • Graham

    Jun 25, 2007 at 2:11 PM

    Comment #1

    I never thought i would say this but….. (here it comes)… congratulations Freddy Shepherd! At least he’s got the balls to stand up against the FA and FIFA to get what we desereved from Owens injury. Now lets just get spending it on some much needed defensive purchases.

  • Chris

    Jun 25, 2007 at 2:16 PM

    Comment #2

    Good news although most of the compen is wages. Rozenhal has arrived ar St. James Park for talks and a medical aswell so this should be wrapped up soon!

  • dougy j reay

    Jun 25, 2007 at 2:22 PM

    Comment #3

    that is indeed great news!
    on a slightly different note, but still transfer related, can i just ask –
    at the end of the season we heard all this spiel about how we had been invited to go to south america to see the cream of young footballing talent. the idea was that this was a big deal and that we would come back with the ‘next solano’. anyone see or hear anything on this since?

  • Ross G

    Jun 25, 2007 at 2:23 PM

    Comment #4

    its stupid as usual our managers state that we will complete most of our business before pre-season and once again it hnt happened. we have already missed out on some decent frees: Ben Haim, Sidwell, Kovac, Tuncay. Lets hope we really push on and it is this board meeting that is holding it up and not anything else. We should at leas have 3 defenders in by now, the Rozehnal deal drew out a whole month thats ridiculous. By that we may have two more players before the season starts, ha. I understand Ashley has alot to look through but I think he should start backing Sam with some big cash. I thin this may be the reason wh we are holding up. I think Sam may not be signing players at Freddy Shepards budget because he may then suddenly have more money and realise he could have gone for better players. I hope so, time will tell……………..

  • Ross G

    Jun 25, 2007 at 2:28 PM

    Comment #5

    Dougy – hell of a shout. I heard that we visited the youth camp in Buenos Aires. I think instead of actually looking to bring players in straight away, I believe our main aim was to set up a type of partnership with the area including possibly Boca Juniors. This would lessen the haste of rush signings. It will also allow us to take youngsters on trial for extended periods before permanent signings so we can access full ability. I have also heard tha we are looking to follow up this link with team partnerships in Brazil and Belgium.

  • dougy j reay

    Jun 25, 2007 at 2:53 PM

    Comment #6

    cracking knowledge, thanks.
    totally agree by the way, dont know about you but would love for once to just have a manager get their checquebook (check? cheq?) anyway, just get out there, and get some business done. I mean, whats the point in watching ppl through the summer like roeder did with kuyt? Even you and I know the merits of nicky shorey/leighton baines/curtis davies, and most of us know enough about people like beye, coloccini etc to have an idea whether they are worth going for..
    Plus, what is it with us quibbling over the tiniest amounts in every transfer? I mean, in some cases (Kleberson if anyone remembers) we may have dodged bullets, but am I the only one who feels like we are the only club who try and get everyone on the cheap and end up missing out on targets for the sake of half a million squid? boy, this is like free therapy.

  • Shaun

    Jun 25, 2007 at 3:01 PM

    Comment #7

    Lets off load Owen as fast as possible, we get the min 9 million we will gain something from him.

  • Ed Harrison

    Jun 25, 2007 at 5:08 PM

    Comment #8

    Ross G – couldn’t agree more – it’s very disappointing 🙁

  • kieran

    Jun 25, 2007 at 9:34 PM

    Comment #9

    i thought we were only offered something like 2 million,
    to be honest 10 million is only a fraction of what we should get,
    who knows, if we had owen we may have done better in the leauge and in europe, no price can buy us te uefa cup!!!

    but i agree with shaun, get rid of owen and bring in a younger striker or a defender,

    does anyone now when the transfer of rozenhal will be completed, it was supposed to have been done today,
    and what hapened to all of this money we were promised???

  • Ross G

    Jun 25, 2007 at 11:47 PM

    Comment #10

    i think it would be wise for all to watch this video. this is why i have my doubts about Rozehnal and he makes a couple of terrible mistakes. My mate in France brought it to my attention he thinks the reason Rozehnal got the award for Ligue 1 player and PSG player of the year was due to the fact he looked so awful and jus improved alot, anyway:

  • Darren

    Jun 26, 2007 at 12:53 AM

    Comment #11

    dougy j reay…

    “am I the only one who feels like we are the only club who try and get everyone on the cheap and end up missing out on targets for the sake of half a million squid?”

    Are you a Newcastle fan???

    Boumsong, Luque, Viana, Ferguson, Cort, Marcelinho

    Yeah – they were all players bought “on the cheap”

    We constantly pay over the odds for players – get a life.

    The last thing we need to do is throw money around willy nilly, the season starts in 6/7 weeks time, the transfer window is open till the end of August, why rush in and buy for the sake of buying.

    Allardyce is no mug, leave him to get on with it – buying players nowadays isn’t an overnight thing.

    Remember Souness was panicked into buying Luque as time was running out, we ended up getting Owen too somehow and Luque suddenly became a wasted signing (stuck out on the left wing).

    Slowly slowly catchee monkey!

  • Chris F

    Jun 26, 2007 at 1:39 AM

    Comment #12

    Ross G, i really do fail to see what he did wrong in that video link.

    there was one sliced clearance, but the ball was at an awkward height, but that was it.

    i’m not saying he’ll be a world beater, but he can’t be worse than bramble or moore and nothing in that video suggested he will be. All centre halves make mistakes and 99% of the time, when they do, theyre costly.

    just look at Rio ferdinand ffs, and he cost 30million quid!

    just don’t start hating the guy before he’s even signed for us, give him a chance, and give allardyce a chance.

  • Ed Harrison

    Jun 26, 2007 at 9:14 AM

    Comment #13

    Darren – thankfully we don’t think Sam is a personality that will be panicked into stupid buys. he is too experienced and too sage for that. He will get players in that he can use to do a certain job – and be able to tell them what that is – just like he did at Bolton. The Newcastle fans have been let down so much in the past that they are getting a little antsy about the lack of signings – but we’re sure Sam has some in the offing – that we don’t even know about. Things are not as bad as they’re made out – but hey – we’re Geordies – what else do you expect! 😀

  • Ed Harrison

    Jun 26, 2007 at 9:17 AM

    Comment #14

    Kieran – signing of Rozehnal is scheduled for today – Tuesday. he did pass his medical last night, In fact we are waiting for news about the board meeting yesterday and whether SDhepherd will stay on – and also the Rozehnal signing.

  • Ed Harrison

    Jun 26, 2007 at 9:18 AM

    Comment #15

    Be very wary of videos. You could make one of Alan Shearer missing chances and he would look hopeless – and you can make one of him scoring – say his best 10 goals – and he’d look to be worth 50M.


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