However McMahon says time is running out on the Profitable Group's proposed takeover of the club.
Steve McMahon: "The mess is the attraction - that's what makes it viable. If we can clean the mess up and run it properly and run it as a business and get the contracts in hand and be realistic, there lies the issue for us and we think we can do that.
"We've made an offer, we're waiting for Newcastle's response but we're hopeful, we're trying our best to make this happen.
"It's got to be in the near future, I would imagine this week would be crucial. If we don't hear anything back by the end of the week, it doesn't look hopeful.
"It needs something to happen very, very quickly for the Newcastle supporters, for the players and we're trying to make that happen.
"We can only make the offer that we believe is right, we've done our homework, our due diligence, the funds are in place and we've done our best to try and get the club.
"We've made a very serious and genuine offer, we're just hoping we hear something soon.
"We're not looking to steal the club off Mike Ashley. We've offered what we believe is the value of the club. We believe the expertise we have in marketing and the football side of it, we can make this work.
"There will be money available, it depends how much we acquire the club for, we've put a certain amount of money aside and if we have to up the bid for Newcastle then that leaves us less money for players.
"We're not saying we're going to be a Manchester City because we're not. We want to run it as a business and whatever money is available we will give to the manager if we're successful and it's all about if we're successful in the bid.
"We need to get the club first but we would certainly be looking to keep Alan, he would be a major draw for players to the club and for the supporters.
"We understand the situation and Shearer is part of the future for Newcastle - if we acquire it."