http://www.itv-football.co.uk/Story/0,14272,6107_1560025,00.html
Newcastle's major shareholders have rejected a bid from Belgravia Group, according to the Sunday Telegraph.
News of the Jersey-based investment group's interest surfaced last month and while their approach has been rebuffed, another offer is expected.
Sir John Hall, who owns 28.8% of the club and his son Douglas, who owns 12% along with chairman Freddy Shepherd (28%) have reportedly rejected an initial approach though talks are said to be ongoing.
The newspaper quotes an executive close to the negotiations as saying: "Talks are ongoing and there seems to be every chance of a deal being struck."
The club is valued at £91million and Shepherd will reportedly only accept an offer of more than £100million.
I hope something comes of this, get the michelin man out!
VIVE LA REVOLUCION!
Newcastle's major shareholders have rejected a bid from Belgravia Group, according to the Sunday Telegraph.
News of the Jersey-based investment group's interest surfaced last month and while their approach has been rebuffed, another offer is expected.
Sir John Hall, who owns 28.8% of the club and his son Douglas, who owns 12% along with chairman Freddy Shepherd (28%) have reportedly rejected an initial approach though talks are said to be ongoing.
The newspaper quotes an executive close to the negotiations as saying: "Talks are ongoing and there seems to be every chance of a deal being struck."
The club is valued at £91million and Shepherd will reportedly only accept an offer of more than £100million.
I hope something comes of this, get the michelin man out!
VIVE LA REVOLUCION!