Newcastle confirms Polygon approach

23 Apr 2008

By: Sport Industry Group

Newcastle United have confirmed that a consortium backed by American group Polygon are one of the parties that have approached the board about a possible offer for the club.

Newcastle United chairman Freddy Shepherd revealed that the Polygon-backed St James' Park Group Limited have made an approach and requested access to the club’s accounts.

Shephard however insisted that the club board ‘have not accepted any proposals for the company from any party’.

The Jersey-based Belgravia Group are competing with hedge fund Polygon in striking a takeover deal for the club which is the latest in a string of acquisition rumours surrounding a raft of Premiership teams.