Newcastle chairman Freddy Shepherd revealed last month the club were in discussions with the St James' Park Group Limited.

The group -- one of two linked with a takeover -- requested access to the company's books with a view to making a formal offer.

A statement to the Stock Exchange Thursday morning, however, read: "St. James' Park Group Limited confirms that it is no longer in discussions regarding such possible offer and has no intention of making an offer for Newcastle United PLC at this time."

Newcastle have been linked with a takeover for sometime, with the Jersey-based investment group Belgravia also speaking to the club.