UK time is: 01:33:01
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Belgravia Set For Move

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.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!


Click here to join in the debate on the club forum.

The Journalist

Writer:  Mail feedback, articles or suggestions

Date:Friday November 17 2006

Time: 4:31PM

Your Comments

could be the long term investment factor that will make this seem appealing to the fan base.....would help to get you back on track ......
ernshaw
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Newcastle United Articles

'Run Geordie Run' Around The World (Wednesday October 22 2014)

Sir Bobby Auction Update (Tuesday October 21 2014)

Are We For Real? (Tuesday October 21 2014)

Not Long For de Jong (Monday October 20 2014)

Aside From The PR (Sunday October 19 2014)

Ashley And The Modern Day Monopoly (Sunday October 19 2014)

Probable NUFC Line Up (Friday October 17 2014)

Reality Ahead of PR (Friday October 17 2014)

Sir Bobby Auction Update (Thursday October 16 2014)

Archived Newcastle United Articles

List All TOTT Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. BLACKBOB 27 174
2. Toon_NoMatterWot 104
3. thecorner 102
4. PieMag 101
5. Wilco 89
6. OldLeazes 74
7. officemonkey 65
8. Pellet 63
9. McCreery 50
10. Bruce68 40

League Results (view all)

League Table (view table)

Team P W D L GD Pts
14. WBA 8 2 3 3 -1 9
15. Leicester City 8 2 3 3 -2 9
16. Crystal Palace 8 2 2 4 -3 8
17. Sunderland 8 1 5 2 -7 8
18. Newcastle 8 1 4 3 -6 7
19. Burnley 8 0 4 4 -9 4
20. Q.P.R. 8 1 1 6 -12 4

Breaking League News

Could the Improbable Happen?
Chelsea : 23/10/2014 01:00:00
Isn't It The Sign Of A Great Team?
Arsenal : 23/10/2014 00:45:00
Captain Cescy?
Chelsea : 22/10/2014 22:23:00
Liverpool : 22/10/2014 21:51:00
Fernandez: I Hope To Be Here For a Long Time
Swansea : 22/10/2014 21:11:00

Current Site Poll (view all polls)

Where do you think NUFC will finish this season?
Suggested By:  Talk of the Tyne
Top 4%
Top 4 3%
Europa league places 16%
Mid table 47%
Relegated 30%