Arthur Blank's investment arm denies reports that the Atlanta United FC owner is awaiting the purchase of Newcastle United Football Club of the Premier League.
Newcastle owner Mike Ashley has told UK outlets that he's in advanced sales talks. The club is expected to attract a potential buyer for an estimated $ 340 million (£ 300 million).
Newspapers across the UK have named Blank as this potential buyer. Steve Cannon, chief executive of the AMB Group, says there is no merit for the reports.
Ashley, who has owned the Magpies for over a decade, told Sky News he hopes to complete the sale by January, characterizing the talks. "To a more advanced stage than ever before.
Newcastle plays at St James' Park, the oldest and largest football stadium in northeast England. It is the sixth largest football stadium in the UK.
Blank, whose wealth was recently valued at nearly $ 5 billion by Forbes, has owned the Atlanta Falcons since 2002. He owns the Atlanta United -Benz Stadium MLS expansion team with Mercedes since its opening in the 201