What did Polygon see in the Books of Newcastle?

Polygon is an American group which requested access to the books of Newcastle for a rumored takeover bid.

Freddy Sheperd of Newcastle confirmed last month that they were in dicussions with the group for the takeover but this morning St. James’ Park Group issued a statement to the Stock Exchange that they were not making any offer to Newcastle as of the moment.

There are a lot of factors why the group would not want to offer Newcastle anything; but still, I wonder what did the guys see on the books of the club.

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