Malaysian billionaire likely to buy Newcastle
5 Jul 2009, 2047 hrs IST, IANS
LONDON: Malaysian media-mogul Ananda Krishnan has emerged as the frontrunner to buy relegated English club Newcastle United.
The Sun reported Sunday that 71-year-old Krishnan, who is the third richest South East Asian at 4.5 billion pounds, is likely to close the deal next week and end sportswear tycoon Mike Ashley's two-year ordeal with the club.
The daily reported the deal is likely to be sealed at 95 million pounds, 40 million pounds less than what Ashley paid in 2007 to buy the club.
Krishnan is also believed to favour Alan Shearer as the club manager and the former England captain will be given a hefty amount to use in the transfer market.
5 Jul 2009, 2047 hrs IST, IANS
LONDON: Malaysian media-mogul Ananda Krishnan has emerged as the frontrunner to buy relegated English club Newcastle United.
The Sun reported Sunday that 71-year-old Krishnan, who is the third richest South East Asian at 4.5 billion pounds, is likely to close the deal next week and end sportswear tycoon Mike Ashley's two-year ordeal with the club.
The daily reported the deal is likely to be sealed at 95 million pounds, 40 million pounds less than what Ashley paid in 2007 to buy the club.
Krishnan is also believed to favour Alan Shearer as the club manager and the former England captain will be given a hefty amount to use in the transfer market.
