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:
From today’s paper: Peter Kenyon leads the group Ashley claims are in advanced talks to buy NUFC. https://t.co/9H5BrDuijo
— George Caulkin (@CaulkinTheTimes) December 5, 2018
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.
Please help the needy at Christmas.
The website NEoffers.co.uk are running their Christmas campaign for the needy in the local Newcastle areas.,
Let’s see if we all can help more people in real need this Christmas and give people the greatest gift they will receive this year.
If you can do this it would be really appreciated – please give here.