Ex England striker Alan Shearer has poured cold water on reports linking him with the proposed takeover at Sheffield Wednesday.

According to recent speculation, British business mogul Geoff Sheard intends to appoint Shearer as manager should he succeed, as expected, in his £50m takeover bid for the Owls.

Shearer, however, insists that he is "unaware of the interest".

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.