ANANDA KRISHNAN TO BUY NEWCASTLE UNITED?

Malaysians still pay considerably high monthly subscription fees for Astro to enable this billionaire to collect enough riches to buy Newcastle United. Of course as in many things in Malaysia, we don't really know exactly where else the money comes from.

Revealed: Man Who Wants Toon

By CARL LONG
Published: 04 Jul 2009

A RECLUSIVE Malaysian billionaire has jumped to the head of the queue to buy Newcastle.

Media mogul Ananda Krishnan is closing in on a deal to end Mike Ashley's nightmare two-year Toon reign - and hopes to make an announcement early next week.

The £95million deal for the club represents loose change to the 71-year-old, who is South East Asia's third-richest man worth £4.5billion.

Other consortia remain in the running to buy the crisis club.

But after making the first significant move in the drawn-out sale, Krishnan is the favourite to take control after meeting Ashley's drastically-reduced asking price - almost £40m less than the sportswear tycoon paid in 2007.

The owner-in-waiting is believed to favour Alan Shearer to be the club's manager.

Like Ashley, Krishnan has kept a low profile as he has built up a powerful business portfolio which includes major interests in oil, entertainment, telecoms and shipping.

Over the years, he has donated millions of pounds to charities and a source said: "Mr Krishnan shuns public exposure and likes to keep a low profile for someone of his stature."

Figures have yet to be confirmed but a significant kitty would be made available for Shearer to use in the transfer market.