AFP afpji

Asian interest fuels Magpies hopes for quick sale

Mon 06 Jul, 05:27 PM


NEWCASTLE (AFP) - Two Asian groups are among those interested in buying English football club Newcastle with owner Mike Ashley having received offers of 100 million pounds (162,000 dollars) for the club.

Managing director Derek Llambias confirmed on Monday that several bids at the sportswear magnate's asking price have been tabled fuelling hopes of a quick sale.

"There have been more than two bids at 100 million pounds," he said.

"At the moment, we are in the hands of lawyers and it is all ongoing.

"We are giving interested parties all the help that they need."

The identities of the bidders remain a secret with all having signed non-disclosure agreements before being granted access to the club's books.

Llambias is understood to have shown a Malaysian consortium around St James' Park and the club's training ground last week, while the Singapore-based Profitable Group and former chairman Freddy Shepherd are known to have held discussions with Seymour Pierce, the investment bank handling the sale.

However, amid suggestions that there have been offers at lower prices - the Malaysians were said to have bid 80 million pounds, but agreed to take on an overdraft of up to 40 million pounds - Llambias is adamant that 100 million pounds remains the figure prospective buyers need to meet.

The Magpies were put up for sale days after Ashley and Llambias held talks with Alan Shearer over the manager's job, and that vacancy is still to be filled with the new Championship season starting on August 8.

 

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  1. der-dum tsssshhhh

    From CARL, on Tue 7 Jul 3:46PM
  2. Imp, yeh, she said it was going reasonably well until­ you started talking

    From john.connolly01, on Tue 7 Jul 3:20PM
  3. hey up carl.
    Johny luv likes it,it turns him on.

    From impactclean, on Tue 7 Jul 2:44PM
  4. ooo imps a bit below the belt that!!!
    & englishman­ giveowa a like doughnuts!!

    From CARL, on Tue 7 Jul 2:37PM
  5. Heyup johny luv.
    How's your wife?She confessed has­ she,thats why you have got the snots.She can't­ waait for our next sexion.You know,she's not­ bad.You should show her more respect.Then she might­ well demonstrate to you some of the er,things i have­ taught her.
    Sleep well.
    PS. Keep one eye open.

    From impactclean, on Tue 7 Jul 2:17PM
  6. comment 2, coz nobody gives a @#$%

    From john.connolly01, on Tue 7 Jul 1:31PM
  7. Llambias is a complete and utter "doughnut".

    From Bobby Robson A Legend, on Tue 7 Jul 11:03AM
  8. Hutch: Must be mate cause if there was 4 they would­ have said more than 3, if 5 then more than 4, etc.­ Funny right?
    Llambias sounds like a right clown.

    From KEVIN P, on Tue 7 Jul 10:30AM
  9. No one has mentioned my bid yet.

    From pianomusiclive, on Tue 7 Jul 7:59AM
  10. More than 2 bids? Is that three then?

    From Hutch, on Mon 6 Jul 9:57PM
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