Investor reveals Newcastle approach

American investors InterMedia Partners claim they have been approached about a possible takeover of Newcastle.

The club yesterday described claims owner Mike Ashley had met with the New York-based private equity firm as “absolute nonsense”.

InterMedia have today confirmed they were contacted by an unnamed party with regard to a buyout but had no interest in taking the discussion further.

A spokesman told BBC Sport: “InterMedia was approached about a deal, made no offer and has no interest.”

Ashley completed a £134.4m takeover of Newcastle last summer and has since invested £100m in paying off debts and strengthening the squad.