Earlier today, a big ‘exclusive’ emerged from the Shields Gazette’s Liam Kennedy, revealing that Singapore-based investors Nelson and Terence Loh had held talks with Mike Ashley over a potential takeover bid.
A few hours on, they are now reporting that the Bellagraph Nova (BN) Group, co-founded by Evangeline Shen and the Loh cousins, have now made a formal move.
The Gazette claim that they have submitted proof of funds and a letter of intent to Mike Ashley, with them also willing to pay £250,000 in order to access the club’s ‘data room’.
Miles Starforth’s piece states they are now waiting to hear back from Mike Ashley and his lawyers, but reveals the ex-Mag who is ‘fronting’ the bid – Michael Chopra!
It’s said the ‘powerful’ group intend to invest in both the city and local community if their bid is successful, with them also stating in their letter to Mike Ashley that their ownership can help the club ‘realise its full potential’. Meanwhile, The Gazette say a ‘senior source’ close to the group has told them they are “willing to massively contribute to the development of the club.”
The BN Group have investments in over 100 countries (covering property, medicine, financial services and entertainment), posted a global revenue over over £9billion last year and describe themselves “leading player on the world stage”.
Could this explain this tweet from Michael Chopra – who recently claimed to be behind a separate bid from a Saudi Royal – earlier last week?
It sounds like they mean business and it’s a genuine bid, not that NUFC fans will be getting remotely carried away based on what’s gone on over the past five months!