The Belgravia Group have announced to the Stock Exchange that they no longer intend to make an offer for Newcastle United.
The company claimed that, despite lengthy negotiations with the Barclays Premiership club, they had been unable to agree a price.
A statement read: "Further to the announcement made by Belgravia on August 21 that it was examining the potential opportunity of acquiring Newcastle, Belgravia announces it no longer intends to make an offer for Newcastle."
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