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A Singaporean takeover of Newcastle United could see Alan Shearer named as manager.
A group that includes cousins Terence and Nelson Loh, who run the Bellagraph Nova Group with businesswoman Evangeline Shen, believe they can pounce on the recent failed bid led by Saudi Arabia's Public Investment Fund.
They believe that they can agreed a deal with Mike Ashley that is passed by the Premier League, with the Sports Direct boss still keen to sell the club after the recent withdrawn offer.
Premier League chief executive Richard Masters addressed the failed move after public scrutiny, and the new group are said to have secured the support of both Shearer and Michael Chopra.
The Sun have reported that the Singaporean Loh cousins as well as Shen are very keen on securing the club, and that they are in advanced stages of an agreement.
They report that a BN Group insider has said: “We’ve offered Alan the manager’s position, or whatever he would like to do in the club.
“He has already accepted to work with us if our takeover goes through.”
After the group had said in a statement: ”We are at an advanced stage of negotiation having already provided a Letter of Intent, as well as a Proof of Funds on August 10.
"In addition to the engagement to Newcastle Football Club and community, we have enlisted the help of England captain Alan Shearer and former player Michael Chopra.
"BN Group founders declared their willingness to massively contribute to the development of the club through their solid and international structure and a combined business/sport- devoting mindset."
The Asian finance company are said to have a revenues in the region of £9b, and Chopra hinted at the move on Twitter earlier this month.
He wrote: “Get the cans from the bin and put them back in the fridge. Watch this space.”
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It seems unlikely that Shearer would choose himself to replace Steve Bruce having backed him earlier in the season before their Premier League finish of 13th.
He said in June: “I think, with the squad that he has got, he’s doing as good a job as anyone could have done.
"39 points with seven games left, got the quarter-finals of the FA Cup which we’ll see on Sunday, so I think he’s doing a very good job and they shouldn’t have to warm to him.
"It was only because of the circumstances in which he was given the job but, with the team that’s he has got, and the position that he’s in, he’s done well.”
- Newcastle United FC
- Premier League
- Mike Ashley
- Steve Bruce
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