We get the lowdown on the Magpies’ potential new saviour

Despite Newcastle insisting that giving up complete control of Newcastle United would not appeal to Mike Ashley, rumours are rife of a takeover by Mumbai-born businessman named Anil Ambani. Like most of the new school of Premier League owners, Ambani has no history in sport, but his links to the hugely expanding Indian market and reported willingness to sink £150m into the Toon could prove very fruitful.

Here’s what we know about Mr Ambani:

* According to Forbes magazine’s 2008 Billionaire list, Ambani is has a net worth of around $42bn (£21.5bn), making him the sixth richest man in the world, behind filthy rich folksfolks like Bill Gates and Warren Buffett. That gives him nearly double the spending power of Roman Abramovich (worth a measly $12bn) and streets ahead of Mike Ashley (whose empire is worth a pitiful £1.4bn).

* In 2003 he beat Prime Minister Atal Bihari Vajpayee and cricketer Sachin Tendulkar to become MTV’s Youth Icon of the Year. “Young people are the future of our nation and they give me the strength to carry forward the vision of my late father, Dhirubhai Ambani, of making India a successful and super reliant power house,” he gushed at the time.

* His aforementioned father founded conglomerate Reliance Industries back