If it’s true, there was some good news today that Peter Kenyon is close to doing a deal to acquire Newcastle United.
A letter from him to Mike Ashley was leaked, and it suggested he was the first choice by Ashley as the best fit to take Newcastle forward once Ashley sells the club.
But the Sun has reported a few times that Kenyon can only raise £200M and that’s about £100M short of what the owner is asking for the club,
The Chronicle are reporting today that Mike Ashley’s advisors have suggested that two of the consortiums interested in buying Newcastle should pool their resources.
That’s the Peter Kenyon one – with Rockefeller Capital Management group providing the funding, and the other is the one led by former Manchester City executive Garry Cook.
Garry Cook – leading one of the consortia trying to buy Newcastle
Cook is thought to have received financial backing from America too.
Mike Ashley is keen that the two interested consortia join forces – probably because he will get £300M for the club.
One thing they will need to decide is which of the two people leading the two consortia will be the top man at Newcastle once a deal is signed.
We are assuming Peter Kenyon or Garry Cook will become the Chairman when Ashley finally sells the club.
We suppose they could be joint Chairmen as is the case with West Ham at the moment with David Sullivan and David Gold – but that rarely works in practice.
Anyway, it does seem with the news today that Ashley is trying to get the club sold – always assuming these reports are accurate.
He returns from holiday next week.
What do you think?