It has been jointly bought by the Freemen of Newcastle and Freddy Shepherd to go on public display.

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The families of Freddy Shepherd and Graham Wylie have offered the reward for the return of all the items.

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Meanwhile, Freddy Shepherd who took over as chairman from Hall before Ashley's buy-out, said Newcastle's relegation was "terrible" for the supporters.

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Chairman of the Mansion House Trust, Councillor Ged Bell thanked the families of Freddy Shepherd and Graham Wylie for putting up this reward.

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In December 1998 club directors Freddy Shepherd and Douglas Hall were caught on film describing Newcastle women as "dogs, " and ridiculing fans for buying over-priced replica shirts.

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Chairman Freddy Shepherd said the record results reflected "both the club's participation in the Champions League and a continuing concerted effort by the directors, management and staff to make the club one of the best in Europe".

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Freddy Shepherd replaced him, since when, despite twice reaching the FA Cup final, the club has fallen off the pace in the Premiership, even though they have invested heavily in players like Michael Owen and Albert Luque.

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Over the past 10 years he has taken in Sophie Wessex (who described Cherie Blair as "horrid" and Gordon Brown's Budget as "a load of pap"), Princess Michael of Kent (who labelled Princess Diana "nasty" and "strange"), and Newcastle United chiefs Freddy Shepherd and Douglas Hall (who described footballer Alan Shearer as "boring").

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