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Local outfit eyes Magpies
Bellagraph Nova, backed by ex-Newcastle duo, in advanced talks to acquire EPL side
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While Newcastle have not ended in the EPL's top five since 2012, they often play to capacity crowds of over 52,000 at their home ground St James' Park.
PHOTO: REUTERS
A decade after Singaporean billionaire Peter Lim made an ambitious attempt to buy English Premier League (EPL) giants Liverpool, local entrepreneurs Terence Loh and Nelson Loh are now spearheading a bid to take over another English club, Newcastle United.
The cousins are co-founders of Bellagraph Nova (BN) Group - along with Evangeline Shen - which owns over 30 entities across 100 countries in major business fields, including finance, sports, healthcare, luxury goods, entertainment and robotics. The Paris-based company is worth an estimated US$12 billion (S$16.5 billion).
