According to espnstar.com ( http://www.espnstar.com/football/premier-league/news/detail/item97886/Newcastle-in-US$520million-takeover-talks/),
Indian tycoon Anil Ambani and Singapore-based investment company Profitable Group are in talks to buy Newcastle Utd.
Ambani, he is the sixth richest man in the world and he two-times richer than Chelsea owner Roman Abramovich. His personal fortune stands at US$42billion while his company is worth US$45billion.
Ambani is also reported to be willing to pump in US$300million (£150million) to bolster Kevin Keegan’s transfer kitty and reinforce the Newcastle squad if his company’s takeover is successful.
Not only will Newcastle will be boosted in the financial area, the Magpies will also be able to spread their wings in the largely untapped Indian market. An exclusive stake in this market could be worth billions.