Michael Owen is facing a £2m pay cut as Keegan and Ashley strike a fragile truce at N

[gkmacca]

Keegan hasn't managed his finances very well over the past few years, and I believe he's lost quite a bit on his ropey-sounding soccer circus venture, so he'll be trying harder than in the past to resist the temptation to walk away. He'll hate it but do his best to stay until he's paid off.

[ratcatcher]

All newspaper speculation. Im surprised many seem to take what the Daily Wail says as gospel in this instance.

Besides any 'paycut for Owen wont kick in until he signs a new contract. Plenty of other clubs in the PL would pay him more than 60k a week though so, newcastle would be on a loser.