Date:Friday November 17 2006
The Belgravia Group are finally ready for action.
Sporting Life: 'The Jersey-based investment group is preparing a £235million swoop which will involve a lucrative property deal and up to 7,000 jobs.
However, it is understood that no offer is imminent, although the chances of one being put on the table sooner rather than later are increasing all the time'.
A spokesman for Belgravia said: 'We are still in negotiations, but no formal offer has been made and we do not comment on press speculation.'
There have even been suggestions that Shepherd could launch his own takeover after gradually increasing his stake to take him close to the 30 per cent threshold at which he would have to make an offer to the remaining shareholders.
If the total value of the project did amount to £235million, it is understood while that would mean a sizeable dividend for shareholders, it would also include the budget for whatever investment the new owners saw necessary in order to revive the club's fortunes.
Isle of man-based equity fund Northcote (IOM) Ltd - Kapena Fund, bought 1,475,000 shares at 72.8p on Wednesday, costing a total of £1,073,800, but insisted their purchase was not part of a takeover bid.
Janmaat & Perez Pick Up Awards (Tuesday December 1 2015)
Williamson Recalled By Newcastle (Tuesday December 1 2015)
Sir Bobby's Auction Raises A Fortune (Monday November 30 2015)
McClaren On Palace Defeat (Monday November 30 2015)
Shearer's 30 Second Newcastle Sum Up (Monday November 30 2015)
Audio - McClaren Bemoans Newcastle Attitude (Saturday November 28 2015)
Stats: Crystal Palace v Newcastle (Saturday November 28 2015)
Crystal Palace v Newcastle - Teamsheets! (Saturday November 28 2015)
Crystal Palace v NUFC Pre Match Thoughts (Saturday November 28 2015)
McClaren Admits Bust Up Ahead Of Palace (Friday November 27 2015)
|18. AFC Bournemouth||14||2||4||8||-13||10|
|20. Aston Villa||14||1||2||11||-15||5|
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» Watford : 01/12/2015 12:44:00
|Manchester City v Hull City - Tues 1st Dec
» Man City : 01/12/2015 12:40:00
|Tadic - We'll Learn From City Defeat
» Southampton : 01/12/2015 12:34:00
|Janmaat & Perez Pick Up Awards
» Newcastle : 01/12/2015 12:26:01
|Williamson Recalled By Newcastle
» Newcastle : 01/12/2015 12:06:00