Businessman plans Magpies bid - Sport in brief - Evening Standard
       

Businessman plans Magpies bid

A north-east businessman is planning to launch a £150million takeover bid for Newcastle.

Rick Parkinson, who has made much of his cash from the textiles industry, has joined forces with four other entrepreneurs and is preparing to make a formal offer for United.

The Northumberland-based multi-millionaire's consortium is willing to pay £90million to current owner Mike Ashley, plus £30million for transfers and the same amount again for restructuring.

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