Newcastle United FC

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Group confirms Magpies talks

11 Jun 2009 - 10:59:30

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A Singapore-based group has confirmed its interest in buying Newcastle United from current owner Mike Ashley.

The Profitable Group has released a statement revealing it is involved in early stage negotiations with the Championship-bound Magpies.

Earlier in the week, the St James' Park club confirmed that Ashley had put them up for sale with a £100million price tag.

"The Profitable Group can confirm that it has expressed an initial interest in acquiring Newcastle United," they said in a statement on their website.

"A preliminary discussion with the representatives appointed to handle the sale of the club has been held but, contrary to some reports, no direct talks have been held with either the owner, Mike Ashley, or the chairman Derek Llambias.

"The group consider the leaking of the group's interest in this matter unfortunate and, as supporters of Newcastle United, seek only to serve in the best interests of the club, the fans and the local community.

"The group will not be making any further comment at the present time."