S’porean Entrepreneurs Want A To Buy English Premier League’s Newcastle United
THe Bellagraph Nova (BN) Group where under the local news, they were reported having to place a bid for the purchase of the English Premier League, Newcastle United football club. Together with Evangeline Shen, who is also a part of the bid. BN group s an established multinational company that owns 31 entities across 100 countries and is worth US$12 billion (S$15.6 billion). Its business activities cut across various industries, including luxury, consumer lifestyle, financial services, and real estate. Los is the cousin in this group and former investment bankers at JP Morgan plus they are also the co-founder for Novena Global Lifecare Group in 2010.
Before the BN group express their interested on purchasing Newcastle club, an Saudi Arabic’s Public investment funds (PIF) has offered a £300 million (SS$538.2 million) bid earlier, and also another bid was led by British financier Amanda Staveley, but PIF was set to take an 80 percent stake.
Problems with the takeover process stemmed from Saudi Arabia’s questionable human rights record and accusations of TV piracy, although the country has denied it is behind the illegal broadcasting of EPL matches.