Source: SKY_Sports
Profitable wait on Magpies offer
Steve McMahon says Profitable Group are waiting to hear if their bid to buy Newcastle United is accepted by owner Mike Ashley.
The Singapore-based investment company has made a 'realistic' offer for the Magpies, although it is not known if that matches Ashley's £100million asking price.
McMahon says Profitable are serious in their move for Newcastle, who have suffered 12 months of turmoil following Kevin Keegan's sensational exit to their relegation to the Championship.
Former Blackpool and Swindon boss McMahon insists he feels for the club's plight and believes Profitable are primed to breathe new life into the floundering giants.
"Our people have been in London all week working with lawyers and attorneys and we have made them a realistic offer," McMahon told the Evening Chronicle.
"We have been pushing ahead and, make no doubt about it, the money is in place - we are for real. We certainly have the funds to go through with it.
"We initially made a tentative bid to begin with, and discussions then took place. We were told to come back, and that's what we have done.
"There has been a formal offer and we want to get things done and dusted as quickly as possible. We are just waiting to hear - and we hope to hear something today.
"I have been keeping tabs on the whole thing since Newcastle were relegated. It's just heartbreaking, and it is affecting people's lives up there. If we can give Newcastle the kiss of life then we'd love to do it."
