After relegation was confirmed yesterday, Shearer was asked if Newcastle could become another Leeds.
"A lot of people will try to make that comparison. It depends where people want the football club to go," conceded Shearer.
"These guys [the board] have big decisions," Shearer said. "A million questions need to be answered. Whoever comes in there needs to be an overhaul. Players will have to go out and the sooner it can happen, the better."