According to reports today: "The Jersey-based investment group are nearing the end of the process of due diligence, under which they are assessing the club's financial position before deciding whether to table an offer."
Belgravia Group: "We have confirmed we are still in talks. It will happen when it happens."
Former chairman Sir John Hall and his son Douglas control hold more than 40% of shares, with current supremo Freddy Shepherd owning a further 28%-plus.
Stock Exchange rules dictate Newcastle must announce any significant development through the official channels. The club is currently valued at around £90million, but Newcastle also have significant debts after investing heavily in both the redevelopment of St James' Park and the squad in recent years.
Many Newcastle fans know how Chelsea and Manchester United have gone from strength to strength under new ownership. And with West Ham having already been bought out by an Icelandic company, and Liverpool in the same position as the Toon ... under offer, as so to speak ... it seems this is the only way forward if we want to keep up with the best in the Premiership.