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:
- Neither of the interested parties has come up with the money yet
- 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.
— NUFC 360 (@NUFC360) December 19, 2018
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!