Premier League - Singapore group 'to buy Toon'

Eurosport - Wed, 10 Jun 12:55:00 2009

The investment group linked to a multi-million pound takeover of Newcastle United has refused to comment on reports of the bid which would turn the Championship side into a Barcelona-style trust.

FOOTBALL Newcastle United St James Park - 0

"We are aware of the reports but we have no comment at the moment," said John Gaunt, Chief Executive Officer, Profitable Group.

The investment group had contacted advisor Seymour Pierce to conduct the sale, Britain's Financial Times reported.

Former Liverpool and England midfielder Steve McMahon is on the board of Profitable, which told the Newcastle Evening Chronicle that it had spoken to Newcastle United owner Mike Ashley and was putting together a plan.

Ashley officially put the recently relegated club up for sale on Monday for £100 million.

The Evening Chronicle reported on Tuesday it had seen the company's initial blueprint for a takeover and that a source had outlined some of the groups plans including:

* Turning the club into a trust where fans have a major say

* Increasing St James' Park capacity from 52,000 to 60,000

* Retaining Alan Shearer as manager

Profitable Group is the company behind Liverpool's visit to Southeast Asia next month. The Premier League giants will play games in Bangkok and Singapore during the tour.

According to its website, the Profitable Group "exists to increase the wealth of its clients, its employees and its owners, through the provision of strategically selected investment opportunities".

The group says its aim is "to be internationally recognised as a premier provider of strategic global investment and a responsible and ethical builder of wealth".

McMahon is not the only soccer connection the investment group boasts.

Former Celtic, Liverpool and Scotland striker Kenny Dalglish is listed as UK Operations Advisor while ex-Birmingham City player Paul Masefield is listed as a Sponsorship Manager.

Reuters

Comment 123 - 142 of 142

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  1. 142, no shortage of to55ers though

    From john.connolly01, on Fri 12 Jun 3:36PM

  2. Just in case anyone has failed to notice (very­ difficult if you check the main Yahoo boards before­ getting to the Team pages) but Man utd have accepted an­ £80 million bid for Cristiano Ronaldo from Real­ Madrid!!!! Do we really care? Thought it was worth­ pointing out though - perhaps that's why there in­ no new news on the SAFC and NUFC pages.

    From safcalsftm, on Fri 12 Jun 12:50PM

  3. heyup all,
    there appears to be only one nufc fan left­ here,all credit to cameron,die hard!.

    From impactclean, on Fri 12 Jun 10:23AM

  4. heyup humbleman 122,
    not so strange,just shows the gulf­ between the 2 clubs,what a profit eh!thats good­ business,no incredible business,ps dont make cameron­ jealous,his comments make me cry,"with­ laughter"poor soul,he needs help. granny!

    From impactclean, on Fri 12 Jun 5:25AM

  5. heyup cameron,you forgot about your quote,ref gas­ chambers.oh and your name dropping again,are you trying­ to gain respectability,you are a creep.granny.

    From impactclean, on Fri 12 Jun 5:18AM

  6. humbleman is a @#$%

    From MICHAEL, on Fri 12 Jun 2:18AM

  7. hello

    From MICHAEL, on Fri 12 Jun 2:18AM

  8. hello

    From MICHAEL, on Fri 12 Jun 2:18AM

  9. Newcastle, 100 million one hope that includes the whole­ town and the half wit people, still feel its robbery.

    From , on Fri 12 Jun 1:56AM

  10. Tony K (136) - you worry me, you seem to know way too­ much about gay erotica. I take it you're a Keegan­ fan?

    From safcalsftm, on Thu 11 Jun 10:57PM

  11. Jack Charlton is a man's man and a keen fisherman­ so gets my vote everytime,prince among men.However I­ can't help finding it amuseing that NUFC is going­ to be sold for roughly the same as a cross dressing­ Portuguese lady boy ha ha .

    From jack torrance, on Thu 11 Jun 6:40PM

  12. Englishman, Me too in the eighties. I've just read­ comment 114, hillarious.

    From john.connolly01, on Thu 11 Jun 5:46PM

  13. Post 114, elephantstone.
    I served my country back in­ the 70`s mate but I don`t have to brag about it like­ some poor little action man.
    Go back to sleep.

    From Bobby Robson A Legend, on Thu 11 Jun 3:24PM

  14. Camaroon

    for once i agree with­ you..................... hope he rots

    Ps your still a­ sad geordie Basket and a @#$% football team

    From Ian, on Thu 11 Jun 2:19PM

  15. Spot on there Cameron, chalk and cheese the pair of­ them, I'd far rather have drink (pint of real ale)­ with Jack, poncey Bobby probably drinks Chablis.

    From safcalsftm, on Thu 11 Jun 1:18PM

  16. Not So humbleman6930,
    you know nothing of this part of­ the world; for the record, even his own family cannot­ stand him - he is an out and out SNOB of the highest­ order! Jack Charlton, on the other hand, is a proud­ man; proud of where he came from and certainly not­ ashamed to admit his heritage. Jack Charlton will­ always promote, not just Newcastle, but the North East­ as a a whole - he does not forget where he came from. .­ . . . and that is why i respect him!

    From cameron w, on Thu 11 Jun 1:05PM

  17. humbleman - also please tell what part of the country­ you actually reside?

    From CARL, on Thu 11 Jun 12:36PM

  18. humbleman - it would be marvellous if you could learn ­ to spell - buffoon!!!!

    From CARL, on Thu 11 Jun 12:35PM
  19. Comment hidden due to its low rating. Show

    Bobby Charlton, one of our true great players and the­ scum bags of Newcastle blast him, my god no wonder he­ up and left that part of the world. Newcastle is a grim­ dirty place, toe it out to sea and sink it.

    From , on Thu 11 Jun 11:00AM

  20. heslop448
    you know me better than that; i didn't­ read his comment, i usually scroll past the disgusting­ posts Re: munich, hillsborough and heysel! I was­ crushed at Hillsborough myself weeks before the­ disaster mate; how people can make fun of footballing­ tragedies just sickens me to the pit of my stomach.

    From cameron w, on Thu 11 Jun 10:49AM
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