Ex-Newcastle defender Glenn Roeder and Alan Shearer will take over the team for the coming games. Obviously Shepherd is not in any position to raise the cash to "pay off" a current club manager.
Roeder joined Newcastle in 1983 from Queens Park Rangers, became club skipper, before leaving for Watford in 1989.
Obviously Freddy Shepherd is looking to Shearer as the next Newcastle manager, but the FA claim he and Roeder don't have the paperwork to take over the job full-time. They can only work in the hotseat for 12 weeks.