South Africans bid £300M for Toon

A South African consortium has tabled a bid in the region of £300m to buy Newcastle, BBC Sport understands.

The five-strong South African group are thought to be keen to bring back crowd favourite Kevin Keegan as manager.

Keegan may be offered a 5% stake in the club in a bid to persuade him to return for a third spell at the helm.

Interim boss Joe Kinnear revealed on Thursday as many as eight consortiums had been in talks with owner Mike Ashley about buying the Magpies.

The South African group are considered the frontrunners and could be set to finalise a deal in a matter of weeks.

"I haven't got a timescale on it, so I don't really know what the outcome is," Kinnear commented.

http://news.bbc.co.uk/sport1/hi/football/teams/n/newcastle_united/7649200.stm


Hope Owen realises this tenuous link won't help him get to South Africa with England in 2010.

What happened to the Nigerians, getting silly this!

I'll bid for them next. Half a packet of Mentos and a banana skin. Does that put me in the front-running now?

How many more people are going to bid for Newcastle!! I reckon the man from phonejacker might be bidding for them next!!

Gooood morning madaaame. Sorry, I mean, hello Mike Ashley

Haha, love it!