Newcastle assistant manager Kevin Bond is to sue the BBC for libel over last night's Panorama expose.
The BBC insist comments made by Bond during a secretly-recorded meeting with agent Peter Harrison constitute an admission that he would consider discussing receiving payments from a proposed new agency involving Harrison.
Bond, who joined the Magpies from Portsmouth in July, strenuously denies any wrongdoing and insists his remarks have been presented in a 'completely misleading manner'.
Bond's solicitor Kevin Price said in a statement: 'My client will be taking proceedings for libel against the BBC over the programme and the media hype generated to publicise it.
'The short extract from my client's conversation with the reporter was taken out of context and presented in a completely misleading manner.
'It was all smoke and mirrors. It seems that my client was only included because after one year of working on the programme the producers were struggling to fill the one-hour slot.'