Newcastle in talks over takeover

30 november 2006, 17:45

Koen Freriks

The Belgravia Group today attempted to raise the stakes in its pursuit of taking over Newcastle United.

The Jersey-based group, which has been in talks over a potential takeover at St James' Park for several months, suggested it would like to be in control ahead of the January transfer window. They also implied that such action would lead to a major investment in players.

However, with chairman Freddy Shepherd still showing no sign of being willing to sell his stake and growing increasingly irritated at Belgravia's tactics the prospect of that happening remains remote.