Malaysian businessman Ananda Krishnan has denied reports he is interested in purchasing Newcastle.

Newcastle owner Mike Ashley was today awaiting further developments as potential buyers edged closer to striking a deal for the club.

MALAYSIAN pay-TV operator Astro All Asia Networks has reportedly joined the bidding race to buy radio station Virgin Radio from Glasgow-based media group SMG.

The race for control of Virgin Radio took a new twist today after it was reported that Malaysia’s largest media company had entered the fray.