Newcastle United is in fresh takeover talks, this time with Singapore based fund Bellagraph Nova Group.
The negotiations are said to be at an 'advanced stage'.
“Bellagraph Nova Group’s founders have already provided a Letter of Intent as well as a proof of funds on August 10,” BNG said in a statement.
“In addition to the engagement to the Newcastle Football Club and community, Bellagraph Nova Group enlisted help of England captain Alan Shearer and former player Michael Chopra.”
BNG, headquartered in Paris, was co-founded by Evangeline Shen, Nelson Loh and Terence Loh.
The group added that the talks with United owner Mike Ashley had taken place in recent days and were ongoing.
The talks come just weeks after United’s £300 million takeover by a Saudi Arabian-backed consortium collapsed last month.
The discussions had been brokered by businesswoman Amanda Staveley.
American businessman Henry Mauriss stepped in with a £350million offer once the Saudis’ exclusivity period had expired, but that verbal agreement is yet to be sealed with cash.
Premier League chief executive Richard Masters said last week that the group, which included Saudi Arabia’s sovereign wealth fund PIF, declined to take up the Premier League’s offer of independent arbitration to decide who would own the club.
BNG boasted revenues of $12 billion dollars - more than £9billion.
