A spokesperson for Yildiz Holding has denied reports that the company are set to buy Newcastle United, claiming that nothing has been discussed in regards to the potential purchase.
Newcastle fans erupted with joy on Monday after hearing that current owner Mike Ashley is putting the club on the market after his ten year tenure with the club.
During his time, Ashley has seen Newcastle relegated from the Premier League twice, though the club currently sit ninth in the English top flight.
Reports on Tuesday emerged that a potential buyer was found - Turkey's richest man and chairman of foods company Yildiz Holding. However, those claims have now been quashed, with a spokesperson clearing the air.
"The company is not purchasing Newcastle and no discussions about the team have taken place." They said, according to the BBC, safely putting the rumours to bed. "We wish them the best of luck in finding a new owner.
Though Ashley has previously put the club up for sale and taken it off the market again, he aims to have Newcastle United sold by Christmas - only two months away.
The start of October saw Amanda Staveley linked with a move for the club, after attending the Magpies' 1-1 draw with Liverpool at St James' Park.
Staveley was even reported to have met with Toon manager Rafa Benitez after the match had finished. However, Mike Ashley himself wasn't even in attendance for the game.
While no active talks have been reported, as per the Telegraph, Staveley is understood to be interested in purchasing a club through a consortium - and Newcastle could very well be the team she opts for.