Kevin Keegan announced on ESPN on Saturday evening that he wants to return to football - which is sure to alert some big name clubs.
Before the live ESPN coverage of the Manchester United-Sunderland Premier League clash, Keegan, as a studio pundit, was asked by Ray Stubbs about his £2 million award against Newcastle for constructive dismissal, and about his future.
Keegan said: "I have something left in me in football."
When asked whether it might be back at St James' Park where he was both player and manager, he responded: "I don't think thats on - the fans have had enough!"
Keegan was speaking about the fight for compensation against Newcastle other than issuing a statement at the time of the award. It was seen as a victory for Keegan, mainly because he wanted to clear his name and show that he had every right to resign as he had been forced to accept a player he didn't want.
But Keegan revealed that he didn't feel that much of a winner because he had lost the job he loved. He revealed: "There were no winners. I've got to move on, the club has got to move on. But that was the job I really wanted. That is why there are no winners.
"It didn't work out. It would have been better if it never happened, I was still at Newcastle and we were still in the Premiership. And I think we would have been.
"They know on the continent they're not going to have the power to sign players and sell players but that's not really the case in England and I think that's where it fell down. It certainly didn't work for me because you can't have a player forced on you for a lot of reasons."
Transcription in full
Ray Stubbs: Kevin, a Premier League arbitration panel ruled in your favour in regard to the situation at Newcastle United. I'm sure you're relieved it's all over. What was the main purpose of your claim?
Kevin Keegan: Well, really to clear everything up. It wasn't a great situation. I don't think there are really any winners in it but we've got to move on now. The club have got to move on and I've got to move on. It's out in the open. An independent arbitration panel have made a judgement. People can read it, it's out there for everyone to read so there's nothing been hidden.
RS: Was it important to you that the truth came out?
KK: Very much so, that's what it was all about. It's out there now, everybody knows what happened and people will decide what was right and what was wrong and that's the way it should be.
RS: As far as the main purpose of your claim is concerned, as far as reputation was concerned and the way that things have been done was that absolutely key to what you wanted?
KK: What I wanted was really my job. The thing I've lost is managing the club that I love so that's why I say there have been no winners. But life goes on, things happen, you meet people sometimes it works, sometimes it doesn't in football. And this didn't work.
RS: Do you have a feeling of unfinished business? Would you ever consider returning to a club you love so much?
KK: I don't think it's on to return back there now, I think the fans have had enough of that but you never know in football. I'd like to think there's still something left in me in football but we'll wait and see.
RS: But the enthusiasm remains and the fire remains?
KK: Yeah, very much so.
RS: Do you think this sends out any signals as far as meddling chairman, directors and structures that a manager has to be able to get on with the job? Do you think it sends out any sort of signals?
KK: Every case is different. What happened to me was wrong because I was promised something and it wasn't delivered and that's why we ended up winning the case. But every club is different. They know on the continent they're not going to have the power to sign players and sell players but that's not really the case in England and I think that's where it fell down. It certainly didn't work for me because you can't have a player forced on you for a lot of reasons. If a player is forced on you, and he's there for the wrong reasons, he's coming thinking he's going to play. He's not happy to be in the reserves and not play. That's a lot of fundamental issues that are very important from a football point of view. Forget business and commercial deals.
RS: I bet you fought your corner? I bet there were a few confrontations?
KK: The panel were very fair, they made a judgement. It would have been better if it never happened, I was still at Newcastle and we were still in the Premiership. And I think we would have been.