Newcastle takeover talks break down

A consortium backed by American group Polygon have broken off talks with Newcastle over a potential takeover of the Premiership…

A consortium backed by American group Polygon have broken off talks with Newcastle over a potential takeover of the Premiership club.

Newcastle chairman Freddy Shepherd revealed last month the club were in discussions with the St James' Park Group Limited.

The group - one of two linked with a takeover - requested access to the company's books with a view to making a formal offer.

A statement to the Stock Exchange this morning, however, read: "St. James' Park Group Limited confirms that it is no longer in discussions regarding such possible offer and has no intention of making an offer for Newcastle United PLC at this time."

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The Magpies have been linked with a takeover for sometime with the Jersey-based investment group Belgravia also speaking to the club.