Anil Ambani to buy NewCastle United ??

According to the News of the World, NewCastle United football club owner Mike Ashley is in talks with two companies who are willing to pay £260 million to buy out the club. The companies in question are Reliance Communications and the Profitable Group.

Reliance Communications is headed by Anil Ambani, one of the richest men in the world with a personal fortune the News of the World suggests is around £21 billion.

However, the company have issued an official statement that firmly refutes the rumours.

“The news report is completely false and baseless. There are no such plans," read the statement.