Singapore-based Profitable Group have confirmed their interest in buying Newcastle, but there is believed to be scepticism from within St James’ Park as to whether they have the funds to carry out a takeover.
Magpies owner Mike Ashley has set an asking price at £100m and investment bank Seymour Pierce are handling the sale.
Profitable contacted Seymour Pierce shortly before posting a statement confirming their interest in Newcastle.
“The Profitable Group can confirm that it has expressed an initial interest in acquiring Newcastle United,” read the statement.
“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.”
There are believed to be concerns within St James’ as to whether Profitable can put together a package to push through a deal and at this stage, Newcastle are believed to feel there are other parties ahead in the pecking order.