05 Jul

A RECLUSIVE Malaysian billionaire has jumped to the head of the queue to buy Newcastle. Media mogul Ananda Krishnan is closing in on a deal to end Mike Ashley's nightmare two-year Toon reign - and hopes to make an announcement early next week. The £95million deal for the club represents loose change to the 71-year-old, who is South East Asia's third-richest man worth £4.5billion. Other consortia remain in the running to buy the crisis club. But after making the first significant move in the drawn-out sale, Krishnan is the favourite to take control after meeting Ashley's drastically-reduced asking price - almost £40m less...

05:21 / Local / Sports
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03 Jul

The race to buy Newcastle was hotting up today as rival consortia responded to a formal bid from a Malaysian group Press Association Sport understands the party of businessmen from Malaysia, who were shown around St James' Park and the club's Darsley Park training headquarters during a flying visit to Tyneside yesterday, have tabled an offer. It is understood that offer does not equate to current owner Mike Ashley's £100million asking price and may be nearer to £80million, but that the prospective buyers are prepared to take on a working overdraft of up to £40million. However, while the Malaysians have put themselves in...

08:29 / International / Local / Sports
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