Kenyon Led Group In Advanced Negotiations – Deal Could Still Be Struck This Month


With Mike Ashley on Monday night saying negotiations to sell Newcastle United had never been at such an advanced stage – the news today is that four groups are bidding for the club and each are willing to offer close to £300M – the price Ashley wants for the club.

One of the buyers is reported to be former Manchester United and Chelsea CEO Peter Kenyon who has been working with Rockefeller Capital Management in the US to come up with the money.

It seems he has been successful in doing that and has put a bid together.

The Times are reporting that Kenyon’s group have signed a non-disclosure agreement and have been doing a deep dive into Newcastle’s finances.

We have to assume they are in good condition since Mike Ashley has used very little of Newcastle’s money over the last two years.

George Caulkin has reported that Peter Kenyon’s group are the group furthest along:

We would now assume they will move as quickly as possible to wrap up a deal since there seems to be a race on to sign Newcastle United.

The next step will be if a deal is agreed in principle with Ashley then Peter Kenyon’s group would be given exclusivity and then try to complete the takeover with Mike Ashley.

The Newcastle owner in his interview with Sky Sports on Monday night said no potential owner has been given exclusivity yet.

With there being other groups involved Kenyon will want to seal the deal as quickly as possible and will also want to bring some players in the improve the Newcastle squad in the January transfer window.

Those are some of the reasons why Newcastle could possibly be sold before the end of the month or early into January.

And Kenyon should be well backed by Rockefeller Capital Management who have massive funds available to invest in what they see as an excellent long-term opportunity

We have to assume they see Newcastle United as one of those, but there’s no doubt now that groups are trying to buy Premier League clubs who have a global presence.

One big advantage Newcastle have is we still have Rafa Benitez as the manager and if a takeover happens this month or early next year, they can sign Rafa to an improved long-term contract.

Rafa seems the perfect manager to lead Newcastle United forward under new ownership.

It does seem it’s the real deal now (excuse the pun) and it’s also vital that Newcastle do well in the league during December and have the fans right behind them.

If we start to lose a string of games it could slow things down.

The planned boycott for Sunday against Wolves now seems to be pointless, especially when the protest against West Ham seemed to have minimal backing from the fans.

And we lost 3-0 which doesn’t help things with the atmosphere at the game not being great.

The club is on the verge of a tremendous opportunity for growth and success.

It’s starting to look real – let’s hope it keeps that way.

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163 comments so far

  • Limericklad

    Dec 5, 2018 at 3:17 PM

    Comment #1

    Anyone know if the bookies are offering odds on a takeover or if kenyon is favourite etc.

    0
  • Optimistic Panda

    Dec 5, 2018 at 3:18 PM

    Comment #2

    Is there a line to get over involved in this deal?

    6
  • Moonraker15

    Dec 5, 2018 at 3:20 PM

    Comment #3

    It’s surely happening at last!
    Ashley couldn’t resist breaking the news himself on SSN!

    3
  • Essex Geordie Bill

    Dec 5, 2018 at 3:23 PM

    Comment #4

    That picture looks like Gazza, surely he’s not a mystery bidder! 🙂

    3
  • bettyswallocks

    Dec 5, 2018 at 3:24 PM

    Comment #5

    We’ll know when everything’s been confirmed as Ketsbia will be on with his revised list of signings. I assume Mbappe and Hazard will be on the list.

    11
  • Essex Geordie Bill

    Dec 5, 2018 at 3:25 PM

    Comment #6

    37% of us think we won’t lose tonight, I’ve gone for the draw.

    6
  • Essex Geordie Bill

    Dec 5, 2018 at 3:28 PM

    Comment #7

    betty as someone pointed out earlier the last time a billionaire took over the club we were all putting forward extravagant suggestions for players.

    I’d settle for lesser players like Bradley Dack, less star more player!

    4
  • TomaKaThor

    Dec 5, 2018 at 3:28 PM

    Comment #8

    It will be so strange seeing Newcastle linked with anyone rated over £15 million and be able to think we genuinely might be interested.

    1
  • Jib

    Dec 5, 2018 at 3:34 PM

    Comment #9

    Moonraker15
    Better than breaking wind

    1
  • bettyswallocks

    Dec 5, 2018 at 3:39 PM

    Comment #10

    Bill…… You seem to like Dack as you sing his praises a lot. Why not put a little compilation of his best bits together and send it to the recruitment team or even Rafa. You never know.

    1
  • Essex Geordie Bill

    Dec 5, 2018 at 3:40 PM

    Comment #11

    betty

    If Rafa doesn’t know about him then he’s not the man I think he is! 🙂

    1
  • Essex Geordie Bill

    Dec 5, 2018 at 3:42 PM

    Comment #12

    Oops, hope the no criticism of Rafa police squad don’t misinterpret my last comment.

    3
  • lochinvar

    Dec 5, 2018 at 3:44 PM

    Comment #13

    Where is Amanda Staveley when you need her…

    0
  • ToonRich

    Dec 5, 2018 at 3:44 PM

    Comment #14

    How far into due dilegence before PK finds something nasty?? Fingers-crossed MA has had his team preparing everything to run smoothly…would just be our (the fans) luck that potential buyers find something they really dont like!

    2
  • lesh

    Dec 5, 2018 at 3:44 PM

    Comment #15

    Ashley will drag this out and won’t grant anyone exclusivity until he’s sure he’s screwed everything he can from a potential buyer.

    And

    If it’s true that True Faith pulled its support for the proposed Wolves boycott without telling TMG, someone somewhere needs a good kick up the backside. They’ll have further confirmed that fans are not united and that TMG’s been too slow in calling the thing off while scoring a tactical point over Ashley. As is, he’s put another one over a disjointed and factionalised fan base.

    0
  • Lindisfarne

    Dec 5, 2018 at 3:48 PM

    Comment #17

    Come on Ed, you are repeating yourself and you have not mentioned the U21s victory in the CheckaTrader Trophy. Or the likely line up for this evening. Pull you finger oot!

    1
  • lochinvar

    Dec 5, 2018 at 3:49 PM

    Comment #18

    Essex – I was thinking that you might need to start planning now for your night of mayhem in the wet fish shop ……so I typed the following into Google in the hope that I’d find a suitable suggestion for you and instead got a football response…..so that keeps the blog police happy

    Largest kipper in the world

    Clever these Google people

    3
  • lochinvar

    Dec 5, 2018 at 3:53 PM

    Comment #19

    Lindisfarne man
    Give Ed a break.
    He’ll have been plagued by the American press and media eager for news and elevated him to cult status.
    Hope to see him on Saturday Night Live wearing his Toon strip.

    7
  • Mattroge

    Dec 5, 2018 at 3:54 PM

    Comment #20

    I imagine I’m not alone in this but I’m extremely sceptical when it comes to this takeover talk. I (foolishly) built my hopes up this time last season & it obviously didn’t pan out.

    The Twitter account @Blackcloud1603 was talking about a takeover weeks ago. Way before anywhere else. I’ve no idea who it is but it’s worth a follow.

    2
  • bettyswallocks

    Dec 5, 2018 at 3:55 PM

    Comment #21

    Let’s just hope this deal goes through without Ashley becoming too greedy and making unreasonable demands. This will lead to a re United fan base and hopefully regular statements and updates from the club . Nothing less than we deserve and what any decent owner and his management would expect to happen.

    Imagine if the club starts to run smoothly and conventionally we’ll only have the football on the pitch to bicker about.

    2
  • toon22

    Dec 5, 2018 at 4:00 PM

    Comment #22

    WoW

    People actually believe this rubbish ?
    There might be buyers but there’s no seller
    Same as usual

    He will use this as much as he can until there’s the usual no sale
    Same as pritty much the last 11years

    It’s never MAs fault

    2
  • lesh

    Dec 5, 2018 at 4:01 PM

    Comment #23

    Essex

    Can we hope that you’ve made a start on today’s double trout ration? We need the points and all the help you can give. 🙂

    2
  • toon22

    Dec 5, 2018 at 4:02 PM

    Comment #24

    It’s guaranteed that this will mean we can’t buy anyone in Jan

    Which I’m sure will come as a total shock too all

    Same lie as usual

    1
  • Essex Geordie Bill

    Dec 5, 2018 at 4:03 PM

    Comment #25

    betty

    “Imagine if the club starts to run smoothly and conventionally we’ll only have the football on the pitch to bicker about.”

    You don’t seriously believe that do you? 🙂

    4
  • Essex Geordie Bill

    Dec 5, 2018 at 4:04 PM

    Comment #26

    Lesh

    I’m waiting for Robleenio to do some tickling!

    3
  • lesh

    Dec 5, 2018 at 4:06 PM

    Comment #27

    Essex

    Bettysbollocks hasn’t a clue. There’s more important things than football to talk about!

    0
  • Essex Geordie Bill

    Dec 5, 2018 at 4:06 PM

    Comment #28

    Lochinvar

    Never fear, I’m working on the production now!

    0
  • bettyswallocks

    Dec 5, 2018 at 4:07 PM

    Comment #29

    Bill……… Nah we’ll find summert I’m sure.

    1
  • hibbit

    Dec 5, 2018 at 4:07 PM

    Comment #30

    TomaKaThor

    the strangest thing of all will be nufc actually buying a player over £15m

    1
  • lesh

    Dec 5, 2018 at 4:07 PM

    Comment #31

    Essex

    0
  • toonbrother

    Dec 5, 2018 at 4:09 PM

    Comment #32

    It’s been about 4 days since I last saw a blog post aggressively campaigning for Schar to replace lascelles

    Before then it was at least one Schar post per day.

    What changed?

    1
  • lochinvar

    Dec 5, 2018 at 4:09 PM

    Comment #33

    Peter Kenyon is a respected businessman and football Chairman.
    If Ashley’s baiting him with talk of selling and is just playing silly beggars then Kenyon would soon let him and the rest of the world to protect his reputation and put Ashley in his place.

    0
  • lochinvar

    Dec 5, 2018 at 4:09 PM

    Comment #34

    ..know to protect

    0
  • bettyswallocks

    Dec 5, 2018 at 4:10 PM

    Comment #35

    Lesh…… Yeah but not on a footy blog. How you’d love to have a loony left political section on here! Anyway you should be making notes for when Donald comes over to discuss the Anglo / US political situation regarding a club takeover.

    1
  • lesh

    Dec 5, 2018 at 4:10 PM

    Comment #36

    Essex

    You’re waiting on RobLeenio to tickle them? If he hasn’t he’s in deep doo doo if we lose tonight!

    If you’ve no trout, you’ll just have put a hex on Everton.

    1
  • Essex Geordie Bill

    Dec 5, 2018 at 4:11 PM

    Comment #37

    Lochinvar
    I googled it and I don’t think I’ll be using any of them for the slapping! 🙂

    0
  • toon22

    Dec 5, 2018 at 4:12 PM

    Comment #38

    MA will use this as a nice easy bit of PR
    It’s caused the planned protest to falter

    When it all ends in a no sale again we know he especially don’t like televised protests
    And being confronted on his way to something by protesters,like when he was going to parliament

    Hiya KBA

    1
  • toon22

    Dec 5, 2018 at 4:14 PM

    Comment #39

    Every time he pulls this lie it’s causes the toxic atmosphere to increase
    It also ramps up the protests like nothing else can

    Keep it up,it’s going to cause exactly what your trying to avoid lol

    Nice job

    1
  • lesh

    Dec 5, 2018 at 4:16 PM

    Comment #40

    Bettysbollocks

    With luck, yer Trump’ll end up in the slammer along with his other friends who’ve fed lies to voters who in turn have been conned – not unlike NUFC fans over the last 11 years.

    5
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