After a protracted battle with the FA – Freddy Shepherd has managed to secure Â£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:
â€œWe 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, itâ€™ll amount to around Â£10m.
â€œAnd letâ€™s just say we are happy, and it has been well worth Freddy Shepherdâ€™s fight.â€
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 Ashleyâ€™s representatives today â€“ presumably reviewing the new organization Ashley wants at Newcastle. If all goes according to plan then Freddy Shepherd will stay on â€“ but there is a slight chance if he doesnâ€™t like what he hears he could still go â€“ but that is not expected.
We are however, expecting Douglas Hall, Allison Antonopoulos (Hallâ€™s sister), Bruce Shepherd and Timothy Revill to leave the club.
Now that we have Â£10M from the FA for Owen being out injured – we should be flush with money. But it doesnâ€™t look like that is whatâ€™s holding Sam Allardyce up in the transfer market. In fact weâ€™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.