Newcastle's owner denies seeking Indian takeaway

The head of one of India's largest companies is apparantly interested in buying Newcastle United, reports Louise Taylor Another day, another takeover story at Newcastle United, but there is substance behind a detailed report that Anil Ambani, the head of one of India's largest companies, wants to buy the club. Although a Newcastle spokesman dismissed as "absolute rubbish" suggestions that the club's owner, Mike Ashley, was in talks with Ambani about a £260m takeover, other sources provide evidence to the contrary. Moreover Profitable Group, a Singapore-based global investment company whose directors include Steve McMahon, the former Liverpool player, are also interested in purchasing Newcastle. Ashley recently admitted, "This is a very expensive seat I sit in," and said he would welcome a co-owner, but both Profitable Group... [read full story]