Newcastle United are intent on naming their new manager by this coming weekend , and Alan Pardew remains strong favourite with all bookies to get the job .
Pardew is as short as 1/12 with William Hill but can still be backed at odds of 2/5 via Betfair which works on the basis of matching bets person to person .
Media sources suggest that Pardew is good friends with Newcastle owner Mike Ashley and Director Derek Llambias and was considered for the post a few years ago .
Pardew left his post at Southampton earlier this year after a dispute with the Club's owners and is considered by most to be a very strong candidate for the job .
The Magpies have installed reserve team coach Peter Beardsley in temporary charge with a very important game coming up this weekend against Liverpool . Newcastle have failed to win any of their last five Premier League games and are just four points above a relegation place .