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Shearer linked with Sheffield Wednesday buyout

After rejecting the prospect of taking the Blackburn Rovers job, Alan Shearer is being linked with Sheffield Wednesday.

Shearer was rumoured yesterday to be considering becoming the new manager of Sheffield Wednesday once the planned £50m takeover of the club is done and dusted.

The Lancashire businessman Geoff Sheard is thought to be on the verge of agreeing a deal to buy out the club's former chairman Dave Allen with the backing of the Russian businessman Vladimir Yevtushenkov, the major shareholder and president of the holding company Sistema, which has interests in numerous areas, including telecommunications, banking and construction.

"The new owners believe they can convince Shearer to replace Brian Laws," a source was quoted as saying yesterday.

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