Magpies Takeover Near

Two groups are leading the bidding for Newcastle United and it is expected that a takeover will be completed by the end of the month. Up to four groups - one of which is fronted by former chairman Freddy Shepherd - have been involved in substantive negotiations but two are understood to have moved ahead of the others in terms of demonstrating their financial strength. A deal needs to be done soon as the players return for training in less a week. The delay in sorting out Alan Shearer's appointment has also caused great frustration among long suffering Newcastle fans. But an end to this depressing saga may be in sight.