2 Oct 2008

Consortium wants clarity over Newcastle management

7:58 am on 2 October 2008

A group of Nigerian tycoons hoping to buy the English Premier league football club Newcastle United want to be sure they can put in place the management they want before they will consider raising their bid.

The Nigerian consortium presented a bid for the Premier League club last week but owner Mike Ashley is believed to be holding out for a higher offer.

Ashley put Newcastle up for sale last month, having fallen foul of the fans after manager Kevin Keegan, hugely popular on Tyneside, resigned saying he did not have full control over the buying and selling of players.