Newcastle in takeover talks with Singapore investors


FILE PHOTO: Soccer Football - Premier League - Coronavirus impact on the Premier League - St James' Park, Newcastle, Britain - March 14, 2020 General view outside St James' Park as the Premier League is suspended due to the number of coronavirus cases growing around the world REUTERS/Scott Heppell.

(Reuters) - English Premier League club Newcastle United has held talks with the Bellagraph Nova Group (BNG) group over a possible takeover bid, the Singapore-backed company said in a statement.

BNG, co-founded by Singapore-based investors Evangeline Shen, Nelson Loh and Terence Loh, and headquartered in Paris, said that negotiations were at an advanced stage and that the group was willing to "massively contribute" to the club's development.

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