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.
Barclays Awards (Friday December 6 2013)
Ben Arfa Can Use Ban To Drive On (Friday December 6 2013)
Swansea v NUFC Line Ups (Wednesday December 4 2013)
Sissoko Keeps His Feet On The Ground (Wednesday December 4 2013)
Swansea v NUFC Early Build Up (Tuesday December 3 2013)
Newcastle v WBA - Gallowgate View (Sunday December 1 2013)
Time For Alan Pardew To Learn From His Mistakes (Friday November 29 2013)
NUFC v WBA Pre Game Talk (Thursday November 28 2013)
Cabaye States Ambition As The Key (Tuesday November 26 2013)
Newcastle v Norwich - Gallowgate View (Saturday November 23 2013)
|1.||Kim Jong Un||95|
|9. Man Utd||14||6||4||4||4||22|
|10. Aston Villa||14||5||4||5||0||19|
|Lawro All Doom - Mystic Positive Of Villa Win
» Aston Villa : 06/12/2013 10:51:00
» Newcastle : 06/12/2013 10:15:00
|Smoke and Mirrors
» Spurs : 06/12/2013 10:00:00
|Ben Arfa Can Use Ban To Drive On
» Newcastle : 06/12/2013 09:45:00
|Hugo The Boss!
» Spurs : 06/12/2013 08:54:00
|Fine Tuning The City Juggernaut
» Man City : 06/12/2013 08:53:00
|Hughton Demanding A Reaction
» Norwich : 06/12/2013 08:00:00