A spokesman for Indian businessman Anil Ambani has denied that he has launched a takeover bid for Newcastle.
Billionaire Ambani, estimated to be the sixth richest person in the world, has long been linked with an interest in the troubled Tyneside club.
Newcastle Takeover Latest!
By Nu Mad
Updated Tuesday, 9th September 2008
Ambani, who is said to be a Magpies fan, was reportedly ready to make his move after the club plunged into further turmoil under Mike Ashley's reign following Kevin Keegan's decision to quit the club last week.
However, Ambani's official spokesman has denied that talks are under way with Ashley about purchasing the club.
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