Alan Pardew is firm favourite for Newcastle job

Newcastle owner Mike Ashley was today continuing his efforts to land a new manager under a veil of secrecy.

Alan Pardew remained the hot favourite to replace the sacked Chris Hughton as discussions, which began in earnest yesterday, resumed with a view to an appointment by the end of the week.

Support for Pardew increased when it emerged that Martin Jol's resignation from his job at Ajax was purely coincidental with the Dutchman also being linked with former club Hamburg.

The former Reading, West Ham, Charlton and Southampton boss was being quoted as a 1/4 to land the job by Ladbrokes this morning with Alan Curbishley a distant second at 7/1 and former Chelsea number two Ray Wilkins the big mover at 8/1.

But what is clear is that whoever replaces Hughton will have to work under similar financial restrictions to those with which the former Republic of Ireland international had to deal during his time at the helm.

He was one of the lowest-paid managers in the Barclays Premier League and was told in the immediate aftermath of promotion from the Coca-Cola Championship last summer that there would be no additional capital outlay on new signings.

Hughton was able to recruit the likes of Ivory Coast international Cheik Tiote, defenders James Perch and Sol Campbell, Dan Gosling and loan signing Hatem Ben Arfa, but all on a budget.

His successor may fare a little better, but Ashley is determined to reach the stage where a club which was debt-ridden when he bought it is self-sufficient sooner rather than later, and the retention of its Barclays Premier League status is key to that process.

Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy
Number of young homeless in Britain 'more than three times the official figures'

'Everything changed when I went to the hostel'

Number of young homeless people in Britain is 'more than three times the official figures'
Compton Cricket Club

Compton Cricket Club

Portraits of LA cricketers from notorious suburb to be displayed in London
London now the global money-laundering centre for the drug trade, says crime expert

Wlecome to London, drug money-laundering centre for the world

'Mexico is its heart and London is its head'
The Buddhist temple minutes from Centre Court that helps a winner keep on winning

The Buddhist temple minutes from Centre Court

It helps a winner keep on winning
Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate
Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'