Post by gw on Dec 20, 2006 19:27:31 GMT -1
Newcastle say a consortium backed by American group Polygon are one of the parties that have approached the board about a possible offer for the club.
The announcement comes after Magpies chairman Freddy Shepherd told the parties linked with moves for the club to make their intentions public.
Newcastle however, insist the board "have not accepted any proposals for the company from any party".
A statement added that "there can be no certainty that an offer will be made".
The Jersey-based Belgravia Group as well as hedge fund Polygon have been repeatedly linked with bids for the club.
Shepherd confirmed on Tuesday that talks with Belgravia are ongoing and also revealed that Polygon have requested access to the company's books.
And now the board have confirmed that the Polygon-backed St James' Park Group Limited have made an approach.
"The board wish to reiterate that they have not accepted any proposals for the company from any party, nor is any due diligence being conducted on the company," said a statement.
"Therefore there can be no certainty that an offer will be made, nor as to the terms on which any offer would be made."
The announcement comes after Magpies chairman Freddy Shepherd told the parties linked with moves for the club to make their intentions public.
Newcastle however, insist the board "have not accepted any proposals for the company from any party".
A statement added that "there can be no certainty that an offer will be made".
The Jersey-based Belgravia Group as well as hedge fund Polygon have been repeatedly linked with bids for the club.
Shepherd confirmed on Tuesday that talks with Belgravia are ongoing and also revealed that Polygon have requested access to the company's books.
And now the board have confirmed that the Polygon-backed St James' Park Group Limited have made an approach.
"The board wish to reiterate that they have not accepted any proposals for the company from any party, nor is any due diligence being conducted on the company," said a statement.
"Therefore there can be no certainty that an offer will be made, nor as to the terms on which any offer would be made."
