Friday, January 19, 2007

Belgravia says no

The Belgravia Group have now confirmed that they are not intending to make a formal offer for Newcastle United, having failed to agree a price and transaction structure with the club.

In essence, it appears that the Halls and Shepherds wanted more cash, although I'm sure there were probably other issues as well. Interestingly, the BBC's report suggests that were another investor to come in with an offer then the Belgravia Group would be back. However, for the time being we're left with Fat Fred, with Polygon having also pulled the plug on any deal at the start of the month.

Hopefully, the resolution of this whole saga will allow the club to focus on the present, and with twelve days left in the January transfer window, look to bring in some fresh players to take the club forward.


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