English Premier League clubs are circling the Newcastle Jets after owner Nathan Tinkler announced he was putting the franchise on the market.
The Hunter outfit looks set to become the latest A-League club in foreign hands as Tinkler continues to offload his sporting empire.
The financially embattled entrepreneur conceded Manchester City's $11 million takeover of Melbourne Heart – now Melbourne City – is the way of the future.
"We're talking to a number of (English) Premier League clubs and European soccer clubs about getting involved there and have been for a little while," Tinkler told Sky Sports Radio on Friday.
"I guess those negotiations have been going on in the background and I'd like to get those concluded so hence we've gone public with the decision to sell."
Talking about the Melbourne City model he added: "I think (for) anybody who owns an A-League club or supports an A-League club, that's the future," he said.
"We've got a lot of soccer talent in this country and (overseas ownership) is the best agreement, I think.
"What it costs to run an A-League club is really just a (player) transfer fee for these guys at the end of the day.
"If that can leave the Jets in a better spot by having an owner like that I think that's a win for the community and everyone involved."
Back at Jets HQ it was business as normal according to CEO Robbie Middleby.
“We have been in discussions with HSG for some time about bringing in additional investment in and this process will now be expedited," Middleby said in a statement.
“Until the change of ownership is complete, we will continue to execute our plans in preparation for the 2014/15 season.
“The club has been rebuilt since 2010 and we now have a solid foundation from which to grow.
“We look forward to securing new owners and moving forward with this new chapter.”comments