But the REAL reason was Capello's stance that he wants to bring in his own men. And although the FA insist they want an English coaching platform ... Shearer is not going to go where he is not wanted.
Sunday Mirror: "The 63-times capped Newcastle legend has his sights set on club rather than country as he prepares for a move into management.
Shearer Knows He Is Not Wanted!
"Shearer will continue his work as a BBC analyst at the Euro 2008 finals in Austria and Switzerland before deciding on a career in football management.
"Last summer we revealed that Shearer, 37, had held talks with Magpies chairman Chris Mort about a possible role at St James' Park.
"But we understand that at that meeting Shearer made it plain his ambition was solely in management rather than a coaching or ambassadorial role.
"Newcastle boss Sam Allardyce has admitted on more than one occasion that Shearer is his likely successor - and the Toon Army see him as a manager in waiting.
"Now a source close to Shearer has claimed the record-breaking striker is prepared to bide his time to see if Newcastle, or another top Premier League club job, comes up rather than take a backroom role with England.