Newcastle takeover latest: Prospective new owners Bellagraph Nova Group eye cut-price deal and want to sign Cristiano Ronaldo
Bellagraph Nova Group chief Evangeline Shen reportedly has her eyes on a sensational swoop for Cristiano Ronaldo if the Singapore-backed company finalises a cut-price deal to buy Newcastle.
The Canadian, who heads up the group alongside Singaporean cousins Terence and Nelson Loh, has lofty ambitions for the Premier League side.
The BNG trio are confident they can get incumbent owner Mike Ashley to sell Newcastle for less than his £340million asking price.
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A £280m takeover offer is allegedly already on the table, while The Sun claim Toon legend Alan Shearer has already accepted a role in the potential new set-up.
One insider reportedly told the same publication said: “[Ashley] is desperate and we are not, that is the difference. We don’t think Ashley deserves more than our offer.”
Ashley’s lawyers are said to be negotiating with the Paris-based firm, who already claim to have provided proof of funds.
And Shen is said to want Cristiano Ronaldo at St James’ Park should BNG’s proposed takeover go through.
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The latest developments come after Newcastle’s proposed £300m takeover by a Saudi Arabian-backed consortium collapsed last month.
The Premier League chief executive, Richard Masters, broke his silence last week on why Amanda Staveley’s approach failed to get finalised in a letter to the Newcastle Central MP, Chi Onwurah.
Masters wrote: “I fully appreciate that the issue of a potential change in the ownership of Newcastle United Football Club (NUFC) is of great importance to you, as the MP for the area and as a fan, as it is to NUFC’s entire fanbase, and I would like to deal directly with the questions you raise.
“In June, the Premier League board made a clear determination as to which entities it believed would have control over the club following the proposed acquisition, in accordance with the Premier League rules.
“Subsequently, the Premier League then asked each such person or entity to provide the Premier League with additional information, which would then have been used to consider the assessment of any possible disqualifying events.
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“In this matter, the consortium disagreed with the Premier League’s determination that one entity would fall within the criteria requiring the provision of this information.
“The Premier League recognised this dispute, and offered the consortium the ability to have the matter determined by an independent arbitral tribunal if it wished to challenge the conclusion of the board.
“The consortium chose not to take up that offer, but nor did it procure the provision of the additional information. Later, it [or PIF specifically] voluntarily withdrew from the process.”
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