Keegan Set For Multi-Million Pound Stake In Newcastle?

Last updated : 02 October 2008 By Footy Mad - Editor

The Evening Chronicle have reported that the South Africans, who like their Nigerian counterparts want to re-install Keegan, will offer the 57-year-old a stake of up to 10% in the business if he returns.

There have been suggestions that the group of five so-far-unnamed businessmen have already tabled an offer of £280million, within touching distance of the figure Ashley is thought to want for the club.

Seymour Pierce are conducting their business privately, with a series of other potential buyers also having registered their interest.

There has been speculation too over the identity of the men behind the bids who have declared their hands to date, with both the Nigerian and South African would-be investors remaining anonymous.