Toon club bidder pulls out
The future of Newcastle United continues to hang in the balance after Singapore-based Profitable Group, which is fronted by former England midfielder Steve McMahon, pulled out of a deal. Profitable Group has said that a bid was tabled, but a failure to communicate led to it being abandoned. However, other sources say the group was unable to give proof of its finances, meaning negotiations fell at the first hurdle. Several parties are believed to still be interested.