Pounds 227m Bid for United Irrelevant - Investors ; Takeover Move Is Denied As Players Prepare for Uefa Clash and Choir Sings Shearer's Praises

Summary

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A GROUP of high-powered investors in talks to buy Newcastle United last night dismissed reports of a rival bid as "irrelevant" and insisted they are still in pole position.

The Belgravia group, based in Jersey, have been in talks with chairman Freddie Shepherd, Sir John Hall and his son Douglas, but yesterday reports emerged of a pounds 227m bid by bank UBS and hedge fund firm Polygon.

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Extract

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Pounds 227m Bid for United Irrelevant - Investors ; Takeover Move Is Denied As Players Prepare for Uefa Clash and Choir Sings Shearer's Praises

And last night, a previous Tyneside link with UBS emerged - retired Magpies striker Alan Shearer worked as a consultant for the bank for two years, fr...

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