Date: 19th June 2006 at 2:32pm
Written by:

Is Freddy Shepherd on his last legs at St James’ Park?

Club president Sir John Hall has received an approach to sell his shares, and it seems as though the money offered could be too much to turn down, for the man seen by many as the saviour of the club.

Obviously the news has sparked fresh suggestions that Shepherd could also be bought out as the club could change hands.

A statement was released to the Stock Exchange by Newcastle PLC this morning as American hedge fund Polygon has joined with investment bank UBS to make the buy-out proposal.

PLC statement: ‘The board of Newcastle United PLC notes recent press speculation and confirms that it has today been informed by Sir John Hall representing Wynyard (Guernsey) Limited, which owns approximately 28.8% of Newcastle United PLC, that it has received expressions of interest to acquire its shareholding, which may or may not lead to the disposal of its stake.

‘A further announcement will be made if appropriate.’