He had eight games as manager of Newcastle and won one and saw the Magpies relegated.
Mark Lawrenson and Alan Hansen said at the time: "He has nothing to lose", but that spell has knocked the ambition out of him.
Alan Shearer: “I wanted to go back into management but that candle is not burning brightly now.
“I’ve been a pundit now for eight years and love what I’m doing.
“And it’s not difficult for me to be objective about Newcastle. If you’ve played poorly or made a mistake and someone points that out, you’ve got to be big enough to accept it.
“The only thing Newcastle fans criticise me for is being positive about Sunderland!”