The price of Newcastle’s shares on the stock exchange have been rising since March.
Yesterday saw another active day of trading in the shares and the club now has a capital market value of Â£110M – up about 30% since March.
Fresh rumors are starting to circulate in the City about the possible interest of two new parties, one Far Eastern, the other American – but little else is known at this point.
Sir John Hall
The price of Newcastle United’s shares yesterday closed at 89.00p – up 2.98p or 3.72% on the day.
You may remember for about six months last season there was interest from two parties. One was the Belgravia Group and another was an American Hedge Fund – Paragon.
But with Freddy Shepherd and Sir John Hall holding the bulk of the Newcastle shares – it will take both of them to sell before any takeover is possible at the club.
However the value of the club has gone up significantly and the price of their shares has also risen substantially in the last three months.