Belgravia Withdraws Newcastle Interest
24 Apr 2008 | tshego
The prospect of a takeover bid for Newcastle United appears to have stalled
after Jersey-based investment fund The Belgravia Group withdrew its interest in
the club.
Belgravia stated that despite protracted negotiations with the club, it had
been ‘unable to agree a price and transaction structure’.
Belgravia joins US firm Polygon in distancing themselves from a deal after
the latter pulled its interest earlier this month.
The majority shareholder at Newcastle United is Sir John Hall who, with his
son, owns more than 40% of the club.
The other major shareholder is chairman Freddy Shepherd, who owns a 28% stake
in the football club.
