The Chronicle has an update on the potential takeover today – after a flurry of news over the last couple of days.
The letter from Peter Kenyon to Mike Ashley released to the press was sanctioned by both Ashley and Kenyon.
It was to counter the growing feeling among skeptical fans that this was nothing but another attempt by Ashley to try to sell the club but then he would pull out at some stage – probably after the January transfer window has ran its course.
The letter seems to suggest a deal could be close, and the conclusion is that Peter Kenyon will come back to Ashley with an improved bid – with the backing of Rockefeller Capital Management Group.
The first bid he put in was rejected by Ashley.
It was reported to be £200M up front plus an additional £100M when and if Newcastle qualified for the Champions League in the next ten years.
Maybe Kenyon could increase the £200M upfront money and reduce the amount dependent on the future performance of Newcastle United – presumably under Rafa Benitez as the manager.
Peter Kenyon – readying an improved bid for Newcastle?
Ashley also has suggested the groups led by Peter Kenyon and Garry Cook could come together as one and make a combined bid for the club.
That’s what Ashley would like becasue he would expect to get very close to the price he is asking for Newcastle.
Kenyon’s group could bid say £200M, and maybe the other consortium could add the extra £100M needed.
So Rockefeller Capital would own 66.7% of the club and Garry Cook’s group (said to be backed by American money) the other third.
While £300M is the figure reported as the price of Newcastle – apparently Ashley would accept less than that – and maybe £280M is a more accurate figure.
It will be bad news if the next offer from Kenyon is not accepted and the two consortia also refuse to pool their financial resources to buy Newcastle.
But if history is anything to go by – this circus will drag on until the end of the transfer window.
Rafa Benitez has to ensure in that time that he gets three or four good players so they can help us avoid another relegation.
And by the beginning of February when we have played Chelsea, Cardiff, Man City, and Tottenham, we could be deep in relegation trouble.
Rafa has his hands full to keep Newcastle as a Premier League club by May.
We have to hope Newcastle can survive and that we can get a couple of wins in those four tough upcoming games.
What do you think?