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McMahon in for Magpies
Newcastle United, 19:02, July 10, 2009 ,
Former Liverpool midfielder Steve McMahon claims his Singapore-based investment company have launched a bid to buy Newcastle.
The Profitable Group who McMahon is involved with have made their offer to current Magpies owner Mike Ashley and reports claim they will appoint Alan Shearer if successful.
McMahon has taken the unusual step to speak out about the situation and the fact he has breached the non-disclosure agreements which were supposed to bind all would-be purchasers to secrecy, has raised a few eyebrows.
"We've had a bid in and it's under serious consideration," McMahon told Singapore's Straits Times. "It's a strategic move and will be great for Newcastle. We can turn what is a disaster at the moment into a success."