Source: Eurosport
Newcastle administration fears
Newcastle owner Mike Ashley could be forced to put the club into administration if former boss Kevin Keegan wins a massive compensation pay-out.
Press Association Sport understands some at the club fear Keegan could be awarded far in excess of the £9million which has been reported if he successfully argues his case.
That would have major financial implications for the cash-strapped club, with administration the most stark of a range of options.
Keegan's claim for constructive dismissal, which is being heard by a Premier League independent arbitration panel, is expected to reach a conclusion on Friday.
Should Ashley choose administration, the Magpies would lose 10 Coca-Cola Championship points, a penalty which would undermine their efforts to drag themselves back into the Barclays Premier League at the first attempt.
The playing staff has been greatly by a summer exodus which has seen a wage bill of £74million reduced by around half, and as the club awaits developments on the Keegan front, only two loan signings - Danny Simpson and Zurab Khizanishvili - have arrived to plug the gap.
