In a time where the Magpies had ambitions of becoming one of the biggest clubs in Europe, £15million was paid to Blackburn Rovers for Shearer.
The rest, as they say, is history with Shearer going on to achieve legendary status at his boyhood club by becoming their all-time leading goalscorer.
But not all expensive transfers work out and up until January 2019, United hadn’t broken their record transfer sum for 14 years.
Here, we take a look at Newcastle’s NINE most-expensive signings, how they fared on Tyneside and what they’re up to now:
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But not all expensive transfers work out and up until January 2019, United hadn’t broken their record transfer sum for 14 years.