Vince McMahon looking to buy Newcastle United FC

English Premier League club Newcastle United could be set to become another English club to have a high profile owner if reports emerging from the United States of America are to be believed.

According to sources across the Atlantic Ocean, Vince McMahon, the owner and chairman of the World Wrestling Entertainment or the WWE, is looking into the prospect of buying the Premier League club outright with current owner Mike Ashley ready to cash in on his asset.

Importantly, the sexagenarian came very close to clinching a deal for the Magpies in 2011 as well, but the club had denied those claims at that time, but it seems ready and willing and to pass into the ownership of the McMahon family with Vince McMahon looking to raise the profile of the WWE in Europe with the help of one of the most supported clubs in England.

According to sources close to the WWE boss, he has targeted the North Eastern club as he thinks it will be a good starting point to focus on considering the working class environment of the region and he is looking at improving the idea of entertainment for people in the region as well.

Newcastle United are currently lying in mid table in the Premier League standings after a high flying start to the season but that has petered out somewhat in recent weeks and fans have been extremely unhappy after the sale of star man Yohan Cabaye to cash rich Paris Saint Germain in January.

And if the WWE money does come into the club, it will mean the club will be able to compete with the likes of Manchester City, Chelsea and Manchester United in terms of finances and finally mount a challenge on the English title that has eluded them for so long.