Soccer · Newcastle
Newcastle to release takeover statement
Friday, 15 December 2006 09:27Newcastle United were this morning set to release a statement after they were reported to be the latest club to be targeted by foreign investors.
The Daily Mail claimed American financiers Polygon and the United Bank of Switzerland have had a joint bid of £227million unanimously accepted by the club's board.
It reported the deal was going through a period of 'due diligence' with the takeover expected to be completed earlier in the new year.
The newspaper also claims the club's current owners, the Hall family and chairman Freddy Shepherd, will collect £68million in the deal while manager Glenn Roeder will be given a £20million transfer kitty.
