Guardian.co.uk, 10 Jul 2009, Louise Taylor
Steve McMahon said that the Singapore-based investment company, The Profitable Group, has submitted a bid for the newly relegated club. Now The Profitable Group's commercial director, McMahon, the former Liverpool and England midfielder, says its first act would be to appoint Alan Shearer as manager.
"We've had a bid in and it's under serious consideration," McMahon told Singapore's Straits Times. "It's a strategic move and will be great for Newcastle. We can turn what is a disaster at the moment into a success."
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