SINGAPORE - Ten years after Singaporean billionaire Peter Lim made an ambitious attempt to buy English Premier League giants Liverpool, local entrepreneurs Terence Loh and Nelson Loh are now spearheading a bid to take over another English club, Newcastle United.
It added that its co-founders are"willing to massively contribute to the development of the club through their solid and international structure and a combined business/sport devoting mindset". Previously investment bankers at JP Morgan, the Loh cousins are known to be keen sports fans, having sponsored local professional race driver Yuey Tan, the national muay thai team, and the St Michael's Soccer Association.
BN Group's interest provides Newcastle owner Mike Ashley with an alternative after a £300 million bid funded by Saudi Arabia's Public Investment Fund fell through.
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