NTL, Britain’s third largest cable television company, has emerged as the front runner to buy Premier League football club Newcastle United. NTL is buying a 6% stake in the club from disgraced director Douglas Hall’s investment company (see NTL Is Front Runner To Buy Newcastle) and it has been announced that NTL will have an option to buy his remaining 51% and launch a full takeover bid.
Mr Hall’s Cameron Hall Investments will pocket £9.6 million from the initial deal and a further £81 million if NTL buys the extra stake.
NTL: 01252 402 000
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