Moyes will not be called to Newcastle, says Shepherd

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The Independent Football

The Newcastle United chairman Freddy Shepherd and his Everton counterpart Bill Kenwright have moved to end speculation linking the Goodison Park manager David Moyes with the Tyneside club.

Moyes, who signed a new contract last year to stay on Merseyside until 2010, was the latest big name to be touted as the replacement for Graeme Souness. The Scot refused to comment, but in a joint statement Newcastle and Everton said both clubs were "amazed" at the speculation.

Shepherd, who has reportedly courted Martin O'Neill and Sam Allardyce, said: "Bill Kenwright is one of my closest friends in football and I have phoned him this morning to say Newcastle have not approached David Moyes, will not approach David Moyes, and wish him and Everton only the best of success."

Kenwright added: "I know David Moyes. I know Freddy Shepherd. The story is fabrication and total nonsense - it should be discounted immediately."

The Championship strugglers Millwall are to raise £9.6m through a share issue in an attempt to revitalise the club and achieve promotion within five years. Already £4.22m of that has been pledged by the current board which includes the chairman Peter de Savary and the former chairman Theo Paphitis.

The move comes three weeks after four directors - the other two were Dick Towner and Constantine Gonticas - had to pay £100,000 to cover the costs of player and staff wages because the relegation-threatened club lacked funds.

The chief executive Ken Brown said that the money promised would secure the club's "immediate future". Millwall announced annual losses of £1.6m this year. Although the wage bill has been cut, 13 players are out of contract at the end of the season, and falling gates have reduced income by £600,000, with De Savary admitting that they were "financially strapped".