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BBC Sport Football News Update

29 September 2008

Fa Barclaycard Premiership News Update

Fa Barclaycard Premiership News
( 29 September 2008 )

English Premiership Football News

Nigerians confirm bid for Magpies

The consortium hopes to buy Nigerian Newcastle told the BBC he presented his offer to the club.
The group is thought to be more interested, but is the first to announce that it has filed an offer.

The man facing the offer, UK-based businessman Chris Nathaniel, refused to confirm the size of the offer.

"We can not at this stage that the confidentiality between us and Newcastle, but an offer was made on the evening of Friday," he said.


"There was no timeline given by Newcastle, but we hope it will be somewhere."

Previous reports suggested the Nigerian had raised £ 350m and was looking to increase that figure.

Newcastle United owner Mike Ashley club put up for sale following the sudden departure of former manager Kevin Keegan, but insisted he will hold out for the right price.

But Nathaniel told the BBC Fast Track African sports Nigerian group is not involved in a bidding war.

"What they do not want to do is get a load of money to buy the club and have no money to buy players and work on what is to remove infrastructure in difficulty, "he said.

The identity of those behind the operation remains a closely guarded secret, and Nathaniel said they wanted to remain anonymous until their offer is accepted.

A spokesman for Newcastle United said the club had no comment to make.

by bbcnews.

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