According to the ever-reliable Sun, Billionaire Anil Ambani could buy Leeds, if he fails to land his first target, Newcastle United.

According to The Sun, the sixth richest man in the world wants to buy the Toon, but has given the current Geordie chairman Mike Ashley a one-week deadline to decide whether to accept his £260 million offer. Ashley is also considering an offer from Singapore-based investors Profitable Group, and has yet to decide which bid to accept.

The paper quoted ‘a source close to the deal’ as saying "Ambani's people have seen how Ashley dealt with the last round of takeover revelations and will not stand for any nonsense.  Ambani means business and if Newcastle drag their heels he will be off to invest somewhere else and show Ashley just what he is missing out on."

Apparently, he is desperate to break into English football and will turn his attentions to Leeds if his offer is turned down. Which would be good news, as Telecommunications magnate Ambani has a personal fortune of £21billion, a sum which dwarfs even Abramovic’s riches.

So let’s hope there is some truth in this story, and that Ambani doesn’t make a deal with the Geordies. I can’t see Ken Bates dragging his heels if he got a decent offer that gave him a huge return on his investment, so here’s hoping for better times ahead…

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