The Northern Echo is reporting today they think that three interested parties have held talks with Mike Ashley over the last couple of months.
Two of those parties have entered into non-disclosure agreements so they can take a deep dive and look at Newcastle financial records.
They must keep what they find confidential and not disclose what the information to anyone – the definition of a non-disclosure.
Mike Ashley in his interview with Sky Sports last night said the talks with some party were “at a more progressed stage than they have ever been.”
Arthur Blank – potential new owner of Newcastle
It could be that Ashley broke the news to get other potential investors involved which will help raise the price he can sell Newcastle for and also should quicken the sale of the club.
Ashley also said he would like to get the deal closed before January, but if the talks are not at a really advanced stage that will not happen.
It’s also going to important for Newcastle to get back to their winning ways becasue a move up the table will very much help a takeover.
Arthur Blank, the New York billionaire is one person said to be interested in buying Newcastle outright with his own funds.
But the Northern Echo report he is not one of two parties who have signed disclosure forms.
Here is an excerpt from the Northern Echo report:
“There are at least three interested parties have held discussions with Ashley and his representatives in the last two months, with at least two signing non-disclosure agreements.”
“Blank is not believed to be involved with any of the groups that have signed NDAs with Newcastle officials.”
And Ashley’s surprise comments could have been an attempt to ascertain just how serious his interest is.”
Hopefully, the three interested parties will move quickly with one of the interested parties doing the deal as soon as possible.
It will be fantastic news for Newcastle fans if the new owners present themselves before the end of the year.
But there’s a lot of hope in that comment.