Good news reported in the Times today that Newcastle United will open contract negotiations with Michael Owen, the England striker this week.
Michael Owen – Mort will start discussions later this week
Kevin Keegan has already openly expressed his disappointment this week that discussions about extending Michael Owenâ€™s deal at the club, which expires next summer, have yet to start.
The Newcastle Chairman, Chris Mort, has already said the club want to retain the 28-year-old star, although the club were obviously reluctant to offer terms until their league status was settled.
The wage bill at Newcastle makes up 80% of costs and the figure usually is nearer 60%, so it’s just too high.Â But we also think that a number of players, at least seven by our count, will be leaving the club in the summer, and that should help reduce the overall wage bill.
Michael is said to be on around Â£115K a week but that is not expected to be a problem in the negotiations.
We feel this is good news and we know Kevin was anxious that the club get a move on, to secure Michael to Newcastle over the next 4 years or so.
There’s no doubt at all that Keegan sees Owen as a key player in Newcastle’s future.