Newcastle manager Sam Allardyce expects to be busy in the transfer market before the start of the Barclays Premier League season - but it looks increasingly likely that Michael Owen will not be leaving the club.

Despite speculation over the England striker´s contract - there has been talk of a £9.5million get-out clause ever since he swapped Real Madrid for St James´ Park - former chairman Freddy Shepherd insists interested parties would have to rush through a deal by Tuesday to activate the sale.

Allardyce expects arrivals and departures before the transfer window closes, but Owen looks set to start the season as a Newcastle player - and Shepherd told Radio Five´s Sportsweek: "Without it [the clause], I don´t think we would have done the deal - but it is only valid until July 31. After that, he would have to stay for another year unless it was in the club´s interests to let him go."

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