Belgravia eyes Newcastle takeover bid

23 Apr 2008

By: Sport Industry Group

Jersey-based firm The Belgravia Group has confirmed it is in discussions with Newcastle United about a possible takeover bid.

Although no formal proposal has been put forward, spokesman for the group revealed it was keen to reach an agreement to take over the FA Premier League club.

Current club chairman Freddy Shepherd owns 28% of the club, while former chairman Sir John Hall has a 29% share and his son Douglas owns a 12% stake.

Shepherd has been under pressure from fans to sell his controlling stake in Newcastle United after a string of poor performances on the pitch which have also led to calls for manager Glenn Roeder to be sacked.