Harris: Foreigners calling the Toon

Those are the claims of Keith Harris, the man charged with identifying the right buyer to succeed Mike Ashley as owner at St James' Park.

"I think it is certainly likely that the next owner of Newcastle will come away from these shores," said Harris, who claims much of the wealth and will to buy into English football is centred in either the Middle or Far East, or the USA.

The Seymour Pierce chairman was asked to broker a deal to sell the Magpies, after sportswear magnate Ashley put the Barclays Premier League club up for sale a month ago.

Harris confirmed seven parties are still under consideration as prospective new owners - contrary to previous reports, none of those is from South Africa - and they have all yet to show their hand on the Keegan issue.

He was, however, unwilling to pinpoint the location of the most significant players.

"Whether it is the Middle East is another matter," he told Sky Sports News. "But it is a reasonable assumption to say the new owner will not be from Britain.

"We have had now, for seven or eight days, seven interested parties. They are not from these shores, and that is not surprising.

"Within that group, we have taken the chance to start honing down the list - so far nobody has dropped out."

As for the likelihood of Keegan - a huge crowd favourite on Tyneside - returning for another stint as manager, Harris remains unsure. "Nobody has said to us that is a condition for us to go forward. Nobody has said, as a pre-condition, it is this manager or that manager," he said.