Peter Kenyon knows Mike Ashley well, and there’s a report in the Mail today that sources close to Ashley wonder if Peter Kenyon has acquired the funds to buy Newcastle United.
For the last few months, Kenyon has been trying to get the funds to do the deal from here in the US with investment company Rockefeller Capital Management, and he seems to have secured the money to bid for the club.
According to many reports this week four different bidders say they can pay £300M for the club and according to the Northern Echo two have signed non-disclosure agreements to study the financial records of the club.
However, the Mail says that sources close to the Newcastle owner say they wonder if Kenyon has the funds to buy the club.
We shall see, but there was news at the beginning of the year that Ashley would demand to know how any group trying to buy Newcastle will get the funds, and that would an initial step.
Ashley says he wasted too much time on a possible acquisition with Amanda Staveley, which came to nothing.
According to Ashley, Staveley never had sufficient funds to buy the club.
Peter Kenyon – moving quickly to try to do deal with Mike Ashley
The Mail report today is that Ashley has not yet seen evidence that Kenyon has the funds to buy the club.
Kenyon’s backers need to understand the financial position Newcastle are in before they release funds to buy the club.
But Ashley could demand that Kenyon reveal where the funds are potentially coming from before he goes any further – but he has not done that maybe because he has a good relationship with Kenyon.
The other three bidders remain unknown but don’t be surprised if one of those announces a deal, and they buy Newcastle rather than the group led by Peter Kenyon, who is well respected in the football world and has lots of contacts.
One of the four is said to be a single person who is trying to buy the club – presumably a Billionaire.
Unfortunately, there are likely to be several reports coming out – true or false – which is why the quicker the deal is done, the better it is for everybody associated with Newcastle.
If there are indeed four groups willing to pay Ashley’s price for Newcastle of around 300M (and he doesn’t put the price up) they should all be moving quickly to formally bid for the club.
Newcastle winning games will help with that.
With Kenyon’s excellent standing in the game and his professionalism, we would take with a pinch of salt that he doesn’t have the funding to buy Newcastle.
Rockefeller Capital Management are interested in what Newcastle’s financial position is before releasing funds to Kenyon.
One thing the deep dive will tell them is how much of their own money do they have to invest, once the club is acquired.
Peter Kenyon is the lead man negotiating the deal – much like Amanda Staveley led the effort last year.
We have no idea who the other three groups are, but they are said to be from the US and the Far East.
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 –