Following media speculation, the club issued a statement to the London Stock Exchange to say it had received a potential takeover approach from St James’ Park Group Ltd – a consortium backed by Polygon Global Opportunities Master Fund.
Estimates say any deal would reach close to £230m. The club say no agreement has yet been reached, nor was a takeover inevitable.
The statement said: “The board of Newcastle confirms that St James' Park Group Limited (a consortium backed by Polygon Global Opportunities Master Fund) is one of the parties that has made an approach to the board of Newcastle regarding a possible offer for Newcastle.
“The board wishes to reiterate that it has not accepted any proposals for the company from any party nor is any due diligence being conducted on the company.”
