A Singapore-based group has confirmed that it is interested in buying troubled English football side Newcastle United following their relegation from the Premier League.
The Profitable Group released a statement on its website saying it had been in contact with London investment bankers Seymour Pierce with the intention of launching a bid.
The statement said: "The Profitable Group can confirm that it has expressed an initial interest in acquiring Newcastle United.
"A preliminary discussion with the representatives appointed to handle the sale of the club has been held, but contrary to some reports, no direct talks have been held with either the owner, Mike Ashley, or the chairman, Derek Llambias.
"The group consider the leaking of the Group's interest in this matter unfortunate, and as supporters of Newcastle United, seek only to serve in the best interests of the club, the fans and the local community.
"The group will not be making any further comment at the present time." Three or four other groups are believed also to be interested in taking over the club - one of which is thought to be South African-based, while another originates from Oman.
In addition, former chairman Freddy Shepherd has been linked with another consortium.
Potential buyers will have to sign non-disclosure agreements and prove they can come up with the money both to meet Ashley's 100million pounds asking price and service the club's remaining debt before substantive talks can begin.
Sapa-AFP
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