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.
ToTT Remembers Gary Speed (Thursday November 27 2014)
Injury Boost Causes Pardew Headache (Tuesday November 25 2014)
Taylor's Career Not Off The Rayls (Monday November 24 2014)
Kids Continue To Prosper (Monday November 24 2014)
Stats: Newcastle United v Queens Park Rangers (Sunday November 23 2014)
NUFC v QPR Match Preview and Thread (Saturday November 22 2014)
Campbell Joins Hartlepool (Friday November 21 2014)
Another Youngster Joins The Squad (Friday November 21 2014)
Draw Completes The Dreaded Outcome (Thursday November 20 2014)
Lost In Translation (Wednesday November 19 2014)
|3. Man City||12||7||3||2||11||24|
|4. Man Utd||12||5||4||3||4||19|
|6. West Ham||12||5||3||4||4||18|
|Ramires - An Ace Up Mourinho's Sleeve
» Chelsea : 28/11/2014 12:12:00
|West Bromwich Albion v Arsenal Match Preview
» Arsenal : 28/11/2014 11:47:00
|Liverpool: Toure Compares Rodgers To Wenger
» Liverpool : 28/11/2014 10:41:00
|Mystic Mug v Lawro - Villa Away To Burnley
» Aston Villa : 28/11/2014 10:21:00
|Garbutt impresses on European debut
» Everton : 28/11/2014 10:15:00