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Singapore's Profitable Group announce interest in Newcastle buyout

Singapore-based Profitable Group have issued a statement via their own website confirming their interest in buying Newcastle United.

It reads: "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."



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