He's on £120,000 a week lads.
Good on him, if they would pay it then why not If I was him would I [Poor language removed] take a pay cut, i'd threaten to run down the remaining year and leave on a bosman if that was the case, getting a nice little signing on fee in the process.
The same clowns paid £55,000 a week to Emre.
It shows how much of a farce Newcastle are, Owen is in his last year of his contract. Newcastle are in no position to put pressure on Owen to accept a £40,000 pay cut. He can simply see the year out on £120,000 instead of £80,000, and get a healthy signing on fee at another club, meaning Newcastle would lose their £17m pound investment for sweet FA.