News today in the Chronicle that Peter Kenyon has managed to put an offer together for around £300M and he has partnered with a US company.
And he seems to be working with Rockefeller Capital Management which has been reported before in the press – so he got the financial backing he was looking for.
If his bid wins, it seems likely that he will probably become the top executive running Newcastle on behalf of the new owners.
He has massive experience doing that and has been the top executive at Manchester and Chelsea, and he has lots of contacts in the football world.
Peter Kenyon – widely respected in the football world
Here’s lots of information about Rockefeller Capital Management on their website and they are of course based in NY City.
They are basically a financial investment company and make their money by wise long-term investments.
They have the capital and are willing to invest in what looks like an excellent long-term investment.
For example – say the buy Newcastle United for £350M and pump £150M into the club over the next year or two and support Rafa financially.
Let’s say that allows a Rafa Benitez led Newcastle to buy some world-class players break into the top eight or the top six in the Premier League and get back into Europe with all the extra revenue that entails.
That would be the new goal, and the club will be worth a lot more than £450M in the summer of 2021.
That would be £150M of their own money invested, but they also have the big money the club itself generates from the Premier League and other revenue sources.
And since we should be further up the league table that will be more than Newcastle United generate right now.
Commercial revenue is another mostly untapped income source.
The new owners also have to upgrade the facilities as Rafa has requested, but will prioritize the building of the squad so we can start getting the results.
And if we win the League Cup or FA Cup Newcastle will be worth more on the open market becasue of that.
So that’s how the new owner could make a terrific investment in buying Newcastle United.
But they must have the ambition.
They couldn’t go far wrong by asking Rafa Benitez what he sees Newcastle United becoming in five years.
It could blow their minds.
What do you think?
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.