Turkey’s richest man won’t buy Newcastle

Murat Ulker will not be buying Newcastle United, it has been revealed, following reports the Turkish billionaire was an admirer of the club.

A Ulker family representative in London, Tom McLoughlin, told the Evening Standard on Tuesday: "The Ulker family have substantial assets and significant investments already in the UK. 

"We understand football and our initial specific target would be to make Newcastle a solid top six club and a permanent feature in Europe with a popular local and worldwide following.” 

But a Yildiz Holding spokesperson then refuted those claims when he told BBC Sport: "The company is not purchasing Newcastle and no discussions about the team have taken place.

"We wish them the best of luck in finding a new owner."

Ulker is Turkey's richest man and is chairman of Yildiz Holding, the largest food company in Central & Eastern Europe, the Middle East and Africa, and Turkey's leading food group.