According to the British News Report, Chinese real estate tycoon, chairman of Shimao Group Xu Rongmao is in talks to bid 3 billion yuan to purchase Newcastle United Team of the English Premier League. It was reported that the latest offer from Ashley, the current boss of Newcastle is 240 million pounds (about 3 billion yuan). The strong rival faced by Xu Rongmao even includes the former richest man in the world, Microsoft boss Bill Gates.