The company released a statement to the Stock Exchange on Monday morning stating: "The Belgravia Group ('Belgravia') confirms that it is examining the potential opportunity of acquiring Newcastle United plc, which may or may not lead to an offer for the company being made by Belgravia."

According to newspaper reports the group have held talks with former club chairman Sir John Hall, who controls 28.8 percent of the quoted club. His son Douglas owns 12 percent of the company with Magpies chairman Freddy Shepherd owning a 28 percent stake.

A spokesman for the group said they saw the possible acquisition of Newcastle as "an attractive opportunity", adding: "It is at an early stage and nothing is finalised."