Newcastle are now emerging as contenders to sign Michael Owen. They have the money and Man Utd are looking less likely to make a move.
I think it would be a good move for both parties, and yes I am bias as I support Newcastle.
For Newcastle it's a no-brainer, they need a good striker and he is one.
For Owen there's guaranteed first-team action which will help out his cause to stay as a starter for England, decent supply this season with Parker arriving, and he'll be a big fish there too.