Vital Football

Latest Newcastle United News

Belgravia Set For Move

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.

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football


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

Writer:
Date:Friday November 17 2006
Time: 4:31PM

Comments

0
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
18/11/2006 23:27:00
Page 1/1
  1. 1

Login to post a comment

Recent Newcastle United Articles

Mbemba Hails Benitez

He said it was all down to the Rafa Benitez effect and the confidence it had instilled in the squad.

NUFC Improvement Creates Panic

The fact that the pressure is off in my eyes has not been welcomed by our closest rivals.

Benitez Keeps It Real

The Spaniard has dug in and refused to get carried away with anything

Merseyside Return For Rafa With Everton?

Martinez will reportedly be 'relieved of his duties' at Everton this summer and that's seen speculation former Liverpool boss Rafa could return to Merseyside to take up the position?

Archived TOTT Articles

TOTT articles from

Site Journalists

Ken Waugh
no email
Profile
TNMW
Editor email
Profile
Ian Smith
no email
Profile
Rexn
no email
Profile
BowburnMag
no email
Profile

Current Poll (see more polls)

Palace MotM
Suggested By: Site Staff
Darlow45%
Anita2%
Mbemba2%
Lascelles9%
Dummett0%
Tiote0%
Colback2%
Townsend40%
Sissoko0%
Wijnaldum0%
Cisse0%
Sub - Mitrovic0%
Sub - Perez0%
Sub - Shelvey0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Leicester City 36 22 11 3 77 30
2 Spurs 36 19 13 4 70 39
3 Arsenal 36 19 10 7 67 25
4 Man City 36 19 7 10 64 30
5 Man Utd 35 17 9 9 60 12
6 West Ham 35 15 14 6 59 17
7 Southampton 36 16 9 11 57 14
8 Liverpool 35 15 10 10 55 11
9 Chelsea 35 12 12 11 48 7
10 Stoke 36 13 9 14 48 -14
11 Everton 35 10 14 11 44 6
12 Watford 35 12 8 15 44 -6
13 Swansea 36 11 10 15 43 -13
14 WBA 36 10 11 15 41 -14
15 AFC Bournemouth 36 11 8 17 41 -20
16 Crystal Palace 36 10 9 17 39 -10
17 Newcastle 36 8 9 19 33 -25
18 Sunderland 35 7 11 17 32 -18
19 Norwich 35 8 7 20 31 -26
R Aston Villa 36 3 7 26 16 -45
Latest F1 News
Latest Vital Boxing News

Recent Newcastle United Results (view all)

Newcastle United Fixtures (view all)

May 7 2016 3:00PM : Aston Villa (a)
Barclays Premier League
May 15 2016 3:00PM : Tottenham Hotspur (H)
Barclays Premier League

Vital Members League Table

RankNamePoints
1.Toon_NoMatterWot22
2.billybobcat16
3.BLACKBOB11
4.braith19529
5.vin18925
6.PieMag4
7.Sir Laz3
8.Mcnamee673
9.Jackals Tooth3
10.Toonarmy15172