LONDON: Michael Owen could be the big loser at Newcastle with a STG40,000 (RM240,00)-a-week pay cut as owner Mike Ashley last night struck a fragile truce with manager Kevin Keegan.

Ashley called for an end to the civil war tearing the club apart as Keegan emerged from an, at times, heated four-hour showdown with his job intact.

But the manager was told that money for transfers is tight and that captain Owen will see his current STG120,000-a-week pay slashed by STG2 million a year if he wants a new contract to start in a year’s time.

Article source:

The Straits Times