Shepherd set to resist as investors eye Magpies swoop

NEWCASTLE chairman Freddy Shepherd is expected to resist any takeover bid by Jersey-based Belgravia Group.

A statement released to the Stock Exchange yesterday confirmed that Belgravia are investigating the possibility of launching a bid for the club.

It is understood they are in talks with former chairman John Hall over his 28.8% stake, while his son Douglas, Shepherd’s deputy, controls a further 12%.