Newcastle off hook over Cole.
It's the one piece of good news for the disgraced pair in a week of humiliation.
Publication of the Toongate Tapes included claims that they conned Manchester United over the pounds 7million sale of Andy Cole, knowing that he needed an operation for a shin-splints problem.
But Old Trafford spokesman Ken Ramsden said: "We will not be making a complaint against Newcastle.
"We were happy with the Cole deal. He had a full medical and we also had access to his medical records at Newcastle."
And FA spokesman Steve Double confirmed last night that Shepherd and Hall were not facing censure or a probe by the soccer authorities.
They could have faced a charge of bringing the game into disrepute, but Double said: "We are not involved in this at all.
"We have not received a complaint from anywhere and there are no plans for an inquiry."
Cole's agent, Paul Stretford, described claims that Manchester United were conned as "nonsense".
He said: "Because of the amount of money involved, the medical Andy had was the most stringent I've been involved in."
However, a vastly experienced soccer physio claimed last night: "A medical wouldn't necessarily detect shin splints.
"Everyone in the game knew that Cole had this problem."