Tuesday, 14 October 2008

McMahon group ponder Premiership purchase



Singapore investment company "The Profitable Group", fronted by former Liverpool midfielder Steve McMahon, is weighing up a move for a Premier League club.

The group is keen to invest in the Premiership and has looked at West Ham, Everton and Newcastle.

The Hammers are deemed to be a poor proposition, as their wages are seen as too high a proportion of turnover.

Profitable believe the ratio of wages to turnover is 90%, although West Ham vice chairman Ausgeir Fridgeirsson told Undercover Sport it was actually 55%.

Newcastle are deemed too expensive, because owner Mike Ashley is demanding £400m for the club.

So that could leave Everton, a club that McMahon knows well following his time as a player and supporter of the club...

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