According to The Sun, the Bellagraph Nova Group believe that they are at an advanced stage of negotiating with wantaway Newcastle United owner Mike Ashley as they look to buy the club, and they have offered Alan Shearer the chance to become the club’s manager should the takeover go through.
The Singaporean group have already provided a Letter of Intent and a Proof of Funds, but they believe Ashley’s new £340 million asking price is too high, and are hoping to come to an agreement soon.
Saudi Arabia’s Public Investment Fund pulled out of a £300 million deal to buy Newcastle last month, and the BN Group are looking to move in.