'Ambani agents to talk Newcastle takeover on Mon'

Agencies
Posted: Sunday, Sep 07, 2008 at 1453 hrs IST
Updated: Sunday, Sep 07, 2008 at 1453 hrs IST

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London/New Delhi, September 7:: Reliance Communications head Anil Ambani is still keen on taking over Newcastle United and bring in former manager Kevin Keegan for the third time at St James Park, English media reported.

Reports said Ambani's representatives will start negotiations on Monday with the Premier League club owner Mike Ashley, who has been in the centre of hate by fans for forcing Keegan out.

"He (Ashley) is ready to sell (the club) with talks planned with the Reliance Communications Group led by Indian businessman Anil Ambani on Monday," the 'Sunday Mail' reported.

"Billionaire Ambani is the sixth richest man in the world with a personal wealth estimated at 21 billion pound sterling. He and his group plan to take control of a Premier League club and look for new revenue streams in the Indian market, with Newcastle considered ripe for the taking due to their current instability and Ashley's careful book-keeping," the report added.

Officials of India's biggest telecom company, however, denied such a move.

Reliance Communications head of Corporate Communications, Gaurav Wahi dismissed any such plans by his company to take over the Premier League club.

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