Singaporean investors in 'advanced' talks to buy EPL club Newcastle United

SINGAPORE, Aug 17 : Three Singaporean entrepreneurs behind a Paris-based congolomerate are in"advanced" talks to buy English Premier League football club Newcastle United, the company said Monday, just weeks after a Saudi-backed bid was withdrawn.

The bid was announced after a Saudi-backed consortium withdrew its offer to buy Newcastle in late July, after months of waiting for Premier League approval. The Lohs are former investment bankers at JP Morgan, and are known to be keen sports fans who sponsored Singaporean racing driver Yuey Tan as well as the national muay thai team, theSingaporean businessman Peter Lim already owns Spain's six-time La Liga champions Valencia.

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