Lord Stevens' Inquiry A Fuss About Nothing!
However, the Quest team refused to sign off four transfers into St James' Park - those of Albert Luque, Emre, Jean Alain Boumsong and Amady Faye.
All took place while Graeme Souness was manager and the Quest report said inconsistencies remained in evidence provided by Souness and chairman Shepherd's son Kenneth over their roles in all but the Luque deal.
Souness responded through his solicitors by saying: "I cannot understand why my name features in this report.
"I volunteered full information to Quest as a witness and I have heard nothing further from them."
Luque's signing from Deportivo La Coruna, the inquiry had unanswered questions relating to possible payments made by agent Francis Martin, who Newcastle officials believed was working for the selling club.
In relation to Emre's move from Inter Milan, the inquiry was not prepared to clear the transfer as it was unable to obtain the co-operation of the lead agent, Ahmet Bulut.
In relation to Boumsong and Faye, Quest said those transfers involved payments to agent Willie McKay and, despite a degree of co-operation from McKay, the inquiry was still awaiting clarification in relation to various documents provided by him.
All in all ... a fuss about nothing!