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Newcastle deny Bin Laden link but Saudi buyers are interested

Suggestions that a company run by relatives of Osama bin Laden could be poised to buy Newcastle United were dismissed as "absolute nonsense" yesterday. That two-word response from a club spokesman to inquiries about mooted takeovers is threatening to turn into a soundtrack to the close season at St James' Park but Newcastle's stock denial has been contradicted by another purported purchaser. On Friday Newcastle maintained that reports of the club being offered to the New York-based finance company InterMedia Partners for £420m were "absolute nonsense" but a day later a spokesman for the US private equity firm made a conflicting statement. "InterMedia was approached about a deal, made no offer and has no interest," he said. With City of London sources repeatedly indicating that Mike Ashley, Newcastle's owner and the... [read full story]                    

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