Shepherd: No takeover bid

17 November 2006 12:31
Newcastle United chairman Freddy Shepherd has dismissed suggestions that a takeover bid has been tabled for the club. Reports on Friday claimed the Jersey-based investment company, Belgravia Group, were ready to launch a bid for the Premiership strugglers. However, Shepherd told Sky Sports News: "It's very simple. If there was a bid put in, I'm obliged to report it to the Stock Exchange and to the shareholders and I would certainly do that. "There has been no bid put in for Newcastle United Football Club. "Off the pitch any club, any business gets damaged when people are constantly referring to bids or one thing or another."

Source: ESA