The Belgravia Group have confirmed they are looking into a potential takeover of Newcastle United.
Following press speculation over the weekend, the Jersey-based investment company released a statement to the Stock Exchange this morning.
It read: 'The Belgravia Group ('Belgravia') confirms that it is examining the potential opportunity of acquiring Newcastle United plc, which may or may not lead to an offer for the company being made by Belgravia.'
A spokesman for the group told the Sunday Times they saw the possible acquisition of Newcastle as 'an attractive opportunity' and added: 'It is at an early stage and nothing is finalised.'
The paper claimed the group have held talks with former club chairman John Hall, who controls 28.8% of the quoted club. His son Douglas owns 12% of the company with Magpies chairman Freddy Shepherd owning a 28% stake.
