Llambias: Toon deal close
August 1, 2009 - 0:0
Newcastle managing director Derek Llambias believes the troubled Championship club could be in the hands of new owners next week.
The Magpies are limping towards the new season following their relegation from the Premier League with Mike Ashley desperate to sell and Chris Hughton in caretaker charge as an interim measure.Singapore-based Profitable Group withdrew their interest in the St James' Park outfit earlier in the week, blaming a lack of communication from Newcastle.
Llambias, who has suggested the Steve McMahon-fronted consortium lacked the necessary finances to complete the deal, insists there are other parties interested who could agree a takeover within days.
(Source: Skysports)