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Shearer linked with Toon bid

Legend linked with takeover talk

By Haflidi Breidfjord & Graeme Bailey.   Last Updated: 20/08/07 5:14pm

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Shearer: Icelandic link

Shearer: Icelandic link

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Alan Shearer is being strongly linked with a possible Icelandic led takeover of Newcastle United.

English businessman Mike Ashley only completed his takeover at St James' Park in June - but already the club is being linked with a new boardroom battle.

An Asian-based bid was rumoured to be interested earlier this month - but now an Icelandic consortium is reportedly readying a bid for the Magpies.

Jon Asgeir Johannesson, chief of Baugur - who in recent years have bought iconic British companies such as House of Fraser, Hamleys and Goldsmiths, is reported to be behind the bid.

Johannesson along with Palmi Haraldsson, who runs another Icelandic investment group Thera, are reported to have approached Shearer with a view to becoming involved with the bid.

Icelandic sources are claiming that a potential deal is very much in the offing, but it remains to be seen whether Ashley would be tempted into selling just months after purchasing the club.