A few days ago, the Daily Mail’s Martin Samuel wrote an article claiming that Peter Kenyon, even with the backing of GACP Sports, simply did not have the funds to buy Newcastle United.
It’s a familiar set of circumstances for Newcastle fans as Mike Ashley has repeatedly said the club is for sale. However, every time a takeover gets ramped up in the media, its downfall is always the same. The prospective buyers don’t have the funds.
Over the past few years, it was Amanda Stavely, Peter Kenyon, the Bin Zayed Group, and back to Peter Kenyon again. All takeover attempts have been very public only to fizzle out with claims from the club that they don’t have the money.
The difference in the latest report on a renewed attempt by Peter Kenyon is that he is a familiar face in the takeover dance. Kenyon has returned at a time when fan interest is dwindling.
He returns this time with a partner in GACP Sports complete with an obviously touched up “brochure” in an attempt at authenticity. However, we haven’t heard anything from Kenyon or his US-based backers on these latest reports.
Lee Ryder with the Chronicle was asked about what he’s heard about the latest takeover reports on Peter Kenyon:
It’s fair to say he’s interested but having the money is another question.
Even in the week that brought fresh takeover talk, the only feedback from the Ashley end has been that things are NOT serious at the moment.
When Kenyon has the funds that might change.
So what do we make of the recent reports of the renewed interest? We don’t doubt that Kenyon is still interested and may be desperately seeking further backers. Maybe the spark for the fresh takeover talk is that Kenyon has convinced GACP Sports to back him. However, they may only be one of many backers that are necessary to come up with the funds. They only own 18% of Bordeaux, so may not be able to be more than a minority partner.
While this is all conjecture, it seems to us that Peter Kenyon is still trying to get investors to raise enough funds to buy Newcastle. However, he appears to be far from a point where that is likely to happen.