London - Alan Pardew is reportedly set to quit
Newcastle and take over as the new manager of his former club Crystal
Palace, according to reports on Monday.
Several British bookmakers
suspended betting on the next Premier League manager to leave his post
on Monday after reports strongly linked Pardew with a move to Selhurst
Park, where he spent three years as a player.
Neither club has
been willing to confirm suggestions that the Eagles, who are looking for
a new boss after sacking Neil Warnock on Saturday, will pay a £2 million compensation fee to land Pardew, who
still has five years left on his St James' Park contract.
made 128 appearances for Palace between 1988 and 1991 and scored the
winning goal in his side's famous 4-3 win over Liverpool in the FA Cup
semi-finals at Villa Park in 1990.
Despite a mounting campaign for
his dismissal from a large section of Newcastle supporters, Pardew
retained the faith of Magpies owner Mike Ashley.
But although the
Magpies are a bigger club than Palace, Pardew has been frustrated by
Newcastle's transfer policy in recent seasons and continuous criticism
from a large section of fans to get him out of the job.
Pardew is one of the lowest paid managers in the league and Palace will at least match his salary.
the 53-year-old stoked the speculation over his future by failing to
attend the post-match press conference following his side's 3-2 win over
Everton on Sunday.
Pardew is scheduled to host his regular
pre-match press conference ahead of the visit of Burnley at Newcastle's
training ground on Tuesday.
But Palace chairman Steve Parish, said
to be in talks with Ashley on Monday, wants to act swiftly following
the departure of Warnock to allow his new boss time to spend in the
January transfer window.
The south Londoners are in the relegation
zone after Sunday's 0-0 draw at fellow strugglers QPR, with Keith
Millen in charge of Palace in a caretaker capacity for the third time.