The Swede has been coming under increasing pressure since
But Shepherd told The Journal: "I don't think Eriksson will go but if I'm proved wrong then I'm sure Bobby would be on the shortlist to succeed him.
"I think there would be a clamour for Bobby to be appointed as the next
"But I told the FA to forget about it a couple of seasons ago and I'd take the same stance again. He's going nowhere.”
And of the possibility of sir Bobby being allowed to undertake the job on a part-time basis, he added: "The job of managing Newcastle United will never be anything other than a full-time post. It's one of the biggest jobs in world football and the pressure is immense.
"Although we don't realise it ourselves,