Media and telecommunications group NTL has emerged as the front runner to buy Newcastle United after announcing it had bought a 6% stake in the club.
The broadcasting group also said it had reached an agreement with Newcastle’s main shareholder Cameron Hall Developments under which CHD will sell its majority stake in the club to NTL if the broadcasters makes an offer.
NTL has bought nine million shares in Newcastle at 111.7p a share from Cameron Hall, representing 6.3% of the club.
NTL UK: 01252 402 000
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