Reports: Tycoon with long-term interest to head Newcastle bid after securing £1.5billion deal

By Russell Edge

Russian billionaire Mikhail Prokhorov is considering making a takeover bid for Newcastle United after he secures the multi-billion pound sale of NBA side the Brooklyn Jets, according to reports.

The Shields Gazette claim on the website that the precious metals tycoon, who is said to be worth in the region of £7billion, is keen on entering the Premier League as an investor and has held a long-term interest on the situation at Newcastle.

Prokhorov already has experience of owning a professional sports team in one of the biggest leagues in the world, having purchased American basketball side the Brooklyn Nets back in 2015.

However the New York Post claims that the Russian is ready to leave his Stateside investment behind, as he looks to secure a £1.5billion ($2billion) deal for the side, and could reinvest that money into Newcastle United.

The club announced on Monday that they were officially up for sale after releasing a statement from St James Holdings Limited, the company fronted by Mike Ashley which owns the Magpies.

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That has led to several reports over the future of the club, with Newcastle based publication the Chronicle revealing that four potential parties have already begun discussions over a possible takeover.

Meanwhile Reuters claimed that Amanda Staveley, the international financier pictured at the club’s home clash against Liverpool earlier this season, is readying a £300million bid for the Magpies, and would invest a further £150million in the transfer market.

In other Newcastle United news, Mike Ashley has reportedly made this £200million revelation about the club.

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