Calm people ,all is not lost. Owen has said himself that he wants to be at Liverpool ahead of Newcastle. If we make a bid for him of say around 10 million, then Owen will want to come to us. However, Real Madrid could say "we are accepting the Newcastle offer and not Liverpool's, so you either go there or sit on the bench and jeopardise your WC spot cos you're not going to play at all"
Rafa won't be too blame if he signs for 18 million for Newcaslte, as we don't have that sort of money. If Rafa wants him it's up to the board to provide the funds, but I doubt we will that sort of money tbh, as we only sold him for 8mil.