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Malaysian media mogul Krishnan behind Newcastle takeover bid

Submitted by tribalfootball.com on Sat, 07/04/2009 - 07:06

A Malaysian media mogul is behind a takeover bid for Newcastle United.

The Sun says billionaire Ananda Krishnan is closing in on a deal to end Mike Ashley's nightmare two-year Toon reign - and hopes to make an announcement early next week.

The £95million deal for the club represents loose change to the 71-year-old, who is South East Asia's third-richest man worth £4.5billion.

Other consortia remain in the running to buy the crisis club.

But after making the first significant move in the drawn-out sale, Krishnan is the favourite to take control after meeting Ashley's drastically-reduced asking price - almost £40m less than the sportswear tycoon paid in 2007.

The owner-in-waiting is believed to favour Alan Shearer to be the club's manager.

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Comments (5)

Submitted by CAPTAINKIDD (not verified) on Mon, 07/06/2009 - 18:45.

maybe we will get are own tv channel also insead of the rubbish internet ne we have had in the past

Submitted by yusoff (not verified) on Mon, 07/06/2009 - 01:03.

nice..
even though i think the new yellow n white jersey of the magpies are badly designed..
this can open the doors to few malaysian players to play in england..
i would like to see it happen;)

Submitted by Anonymous (not verified) on Sat, 07/04/2009 - 21:25.

Lepas ni Khyril, Bunyamin & Baddrol akan main untuk reserve Newcastle pulak...
Macam Thaksin buat untuk warganegara dia dulu.. Hehehe... Malaysia Boleh!!!

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