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Ashley and Shearer to learn bankers' verdict

Friday 05 June 2009 00:00 BST
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Alan Shearer is expected to hear news on his future at Newcastle United today.

Owner Mike Ashley has been in negotiations with banks to maintain and extend Newcastle's £40m working capital facility, which is required if Shearer is to be given a contract and money with which to begin to restructure the squad. A provisional agreement is in place on the blueprint Shearer presented last week, but as of late yesterday there was still no indication of the response from the banks.

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