McVitie’s owner reveals £220m bid to buy Newcastle United

McVities owner reveals £220m bid to buy Newcastle United

Turkish billionaire Murat Ulker is willing to bid £220 million to takeover Newcastle United according to the Evening Standard.

Ulker is reportedly not willing to pay Mike Ashley’s reported asking price – which is believed to be around the £380million mark.

The report claims that chairman of the biscuit tycoon Ülker, would back manager Rafa Benitez to the tune of £60million, in order to strengthen his Premier League squad.

Ulker heads the Yildiz Holding, one of the most powerful conglomerates in Turkey.

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The Yildiz Holding chairman is worth a reported £2.8billion according to Forbes.

The Ülker family’s representative in London, Tom McLoughlin told the Standard: “The Ülker family have substantial assets and significant investments already in the UK.

“We understand football and our initial specific target would be to make Newcastle a solid top six club and a permanent feature in Europe with a popular local and worldwide following.”

If you are tucking into a McVitie’s biscuit while reading this article you may be surprised to know that Mr Ulker’s is the owner of the popular biscuit brand.

Other popular biscuit brands in Britain owned by Ulker are Penguins and Jaffa Cakes.

Turkey’s richest man has been tracking the purchase of Newcastle for several months and his representatives have been in talks with Ashley’s advisors since early this year.

If the takeover is successful it will be Ulker’s first