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Report – No Bidders Have The Money To Buy Newcastle


The Mirror’s journalist Alan Nixon reported on his Twitter account last night that he thinks none of the bidders for Newcastle United have yet shown they have the money to buy the club.

Nixon also suggests that the price for Newcastle may be lower than people think – it’s been widely reported to be £300M.

Nixon says he had been working on a story for the Newcastle takeover yesterday.

Peter Kenyon – leading one consortium to buy Newcastle

He makes a couple of points:

  1. Neither of the interested parties has come up with the money yet
  2. The price Ashley is asking “maybe not as much as you think to buy it.”

Not having come up with the money is not the same as they don’t have the money.

There has been no news for a few weeks, but that is not necessarily bad news for a takeover.

Hopefully, the next thing we will hear is a deal has been agreed between two parties.

That could be between the Peter Kenyon led consortium backed by Rockefeller Capital Management – but you never know.

Maybe the price is lower than £300M, and if Ashley wants to just get back what he has invested in the club, he would be asking about £260M.

We would take this all with a pinch of salt becasue Peter Kenyon is still in the due diligence.

The deals are currently clouded in mystery – but that’s not unlike most takeovers.

We would take the tweets with a pinch of salt at this stage.

And hope for the best!

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Comments welcome.


16 comments so far

  • Bianconeri

    Dec 20, 2018 at 7:50 AM

    Comment #1

    The Frog on the Tyne may be right all along 🙁

    4
  • fog on the tyne

    Dec 20, 2018 at 7:56 AM

    Comment #2

    Biononeri

    Not to be confused with fog on the tyne

    I’m sat firmly in the ‘it will happen’ camp

    3
  • Nufc-83

    Dec 20, 2018 at 8:00 AM

    Comment #3

    What I can’t understand is why Ashley continues to say he won’t sell it unless he has proof somebody can take the club forward and add further investment. He’s bloody hated just get your money out the club and do one!

    8
  • c-dog

    Dec 20, 2018 at 8:02 AM

    Comment #4

    That confirms it then, it’s off.
    Fulham match and the upcoming transfer window anyone

    3
  • lochinvar

    Dec 20, 2018 at 8:04 AM

    Comment #5

    Does it not occur to the Mirror that you don’t bid for something until you know the real value of what you’re bidding for rather than what someone tells you the value is.

    If and it’s a big if anyone doing due diligence will want to know what’s lurking in the books after which they can make a bid based on their evaluation of the true value of assets.

    After all wasn’t it Ashley who failed to do just that and paid over the odds when he bought the club ?

    1
  • Ben Afri

    Dec 20, 2018 at 8:09 AM

    Comment #7

    Ed

    I wish you wouldn’t choose such a deceptive title for this story and then attempt to deflect criticism by punching a hole in your own title by stating “Not having come up with the money is not the same as they don’t have the money.”

    5
  • RobLeenio

    Dec 20, 2018 at 8:20 AM

    Comment #8

    Fake news – move on.

    Toonbotherer, you are a strange individual.

    It’s good to have debate over who makes up our best team. Lascelles is part of that discussion, but whereas last season he was the first name on the sheet, this season he has competition. I imagine even he would say that is a good thing.

    Nobody here is asking for him to be dropped permanently, nobody wants him stripped of the Captaincy and we all know his value in the transfer market. If Rafa chooses to sell him, I’ll be disappointed to see him go, but I won’t get too bent out of shape over it.

    I certainly haven’t seen any hate for him, here or anywhere else. He’s a quality player and can only get better over time.

    7
  • geordiesteve520

    Dec 20, 2018 at 8:37 AM

    Comment #9

    Toonbrother, I’m not sure how you have the gaul to call other people out over ‘hate’ towards a player given your vocal obsession and witch hunt towards Colocinnina few years ago, the beauty of a blog is that, while we all have the success of the club at the fore, we all have different methods for that a players we value.

    5
  • Jib

    Dec 20, 2018 at 8:41 AM

    Comment #11

    The Irish Sun

    2
  • Big Archie

    Dec 20, 2018 at 9:44 AM

    Comment #12

    Ed, if what everyone is saying is true no bidders have reached the stage yet where they have to prove that they have the money, so it’s a completely moot point.

    No bids have been made , so what would they need to prove?

    1
  • widowmagandapoke

    Dec 20, 2018 at 11:37 AM

    Comment #13

    It’s beginning to look a lot like (last) Christmas.

    7
  • mactoon

    Dec 20, 2018 at 11:43 AM

    Comment #14

    This is nonsense, full articles springing up based on a one line tweet saying ‘it looks’ as though none of the bidders have the money.

    At what stage do they have to prove they have the funds? A bidder won’t even make a bid until a price has been agreed based on the results of due diligence.

    0
  • geordiemark

    Dec 20, 2018 at 11:51 AM

    Comment #15

    why would anyone pay up to 350 million for the club when really its not worth 250 million, the ground is in disrepair, the training ground needs a lot of work on it to bring it up to a top coach standards that will take millions, what Ashley has done is rip the club apart on purpose for his own gain and then expects someone to come along and pay mega money for it hes insane, I go along with the frog really we have all been down this road many times now it isn’t going to happen, come end of January no squad players bought save Ashley a few quid come the summer another takeover bullshit story and then hes off to buy another department chain with the clubs money like hes done for the past 11 years and on top of that free advertising with a company he doesn’t own outright

    5
  • Geordie-john

    Dec 20, 2018 at 12:35 PM

    Comment #16

    Old Fatman greedy twat seems to be at it again. It’s like the Beano annual just out for Christmas.
    He is taking the p##s and the full force of Tyneside should be felt by MA.

    3

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