Newcastle United were relegated to the Championship on Wednesday.
Newcastle United were relegated on Wednesday evening as Sunderland’s win over Everton saw them relegate their rivals to the Championship.
It was the culmination of a disastrous season for them, after a number of mistakes across the club ended up costing them.
Following the confirmation of their relegation, chief executive Lee Charnley was quick to send a message to the club’s fans promising they would scrutinise everything that went right and wrong.
Shearer was not impressed by the message, cynically stating it was the only good thing they have managed this season.
"That's one thing Newcastle have been good at this season – putting statements out,” he told the Shield's Gazette.
"I think they should have looked at what went wrong earlier. It might be a bit late to look at it now. I'm devastated for the fans, because they don't deserve to be in the Championship. They deserve to be in the big league."
Shearer will now be hoping that the next big statement the club can make is that they have managed to keep hold of Rafa Benitez for the future.
The Spanish boss has been a big hit at St James Park since taking charge in March, but looks likely to excise a break clause in his contract.
Keeping him would be a major boost for their hopes of making a return to the Premier League though and they will surely be doing all they can to make that happen.