Bwin To Buy Newcastle United?

Bwin Interactive Entertainment AG could be buying recently relegated Newcastle United.

Austrian firm is believed to be putting together a package that would satisfy current owner Mike Ashley’s asking price of £100 million for the team.

Bwin was formed in 1999 and is already a major sponsor of La Liga giants Real Madrid, Italian side AC Milan and the Portuguese League. It is also reported that Bwin had also been earmarked at one stage to take over as Newcastle’s main shirt sponsor once the former Premiership team’s current deal with troubled bank Northern Rock expired.

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