UK time is: 10:48:15
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

Santon Injury Blow (Thursday August 21 2014)

de Jong Expected To Make Debut (Thursday August 21 2014)

Liam Sweeney Funeral Attended By Many (Thursday August 21 2014)

Funeral For Liam Later Today. (Thursday August 21 2014)

Ashley Continues To Sell The NUFC Soul (Wednesday August 20 2014)

Man City Double Swoop Unlikely (Tuesday August 19 2014)

NUFC Cracks Papered Over (Tuesday August 19 2014)

Toon Kids Play Out Draw (Monday August 18 2014)

Why Mike Ashley Wont Be Selling NUFC (Monday August 18 2014)

NUFC Player Ratings (Sunday August 17 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. Toon_NoMatterWot 242
2. AMac 196
3. Rexn 172
4. OldLeazes 105
5. Wilco 101
6. nufc_carl88 76
7. billybobcat 72
8. officemonkey 63
9. vin1892 63
10. thecorner 54

League Results (view all)

Latest Results
Newcastle 0 - 2 Man City

League Table (view table)

Team P W D L GD Pts
14. Man Utd 1 0 0 1 -1 0
15. Southampton 1 0 0 1 -1 0
16. Q.P.R. 1 0 0 1 -1 0
17. Stoke 1 0 0 1 -1 0
18. West Ham 1 0 0 1 -1 0
19. Burnley 1 0 0 1 -2 0
20. Newcastle 1 0 0 1 -2 0

Breaking League News

Wild Conspiracy Theories Win Out Over Simple Logic
Aston Villa : 22/08/2014 10:29:00
David Henen saga continues
Everton : 22/08/2014 10:24:00
Left Back, Midfield & Attacker Wanted By Monk
Swansea : 22/08/2014 10:00:00
A Fence Sitter amp; A Doommonger. Mystic v Lawro
Aston Villa : 22/08/2014 09:54:00
KCS Lokeren 1-0 Hull
Hull City : 22/08/2014 09:54:00

Current Site Poll (view all polls)

Where do you think NUFC will finish this season?
Suggested By:  Talk of the Tyne
Top 1%
Top 4 7%
Europa league places 31%
Mid table 51%
Relegated 10%