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New Exclusive Takeover Developments Will Give Fans Some Hope

There was an exclusive article in the Shields Gazette yesterday that GACP Sports have done what the BZG group did during the summer.

In preparation for a potential takeover, they have formed two new companies registered in Delaware, that will facilitate their possible acquisition of Newcastle United.

The names of the two companies are “GACP Newcastle Management LLP” and “GACP Newcastle Partners LLP.”

The companies are owned exclusively by GACP Sports Partners LLC.

Note that the Bin Zayed Group did a similar thing in the summer when they registered “Monochrome Acquisitions Ltd” with Companies House in June.

Joseph DaGrosa – owns GACP – General American Capital Partners

What does this move by GACP Sports show?

It shows that GACP Sports, which is the (sporting) investment arm of billionaire Joseph DaGrosa, are indeed serious about their takeover attempt of Newcastle.

They are going through what is needed to accomplish buying Newcastle United.

But as in the past, it very much looks like GACP Sports do not have the £350M said to be the price that Mike Ashley wants for the club.

So we are not hopeful they will be able to buy the club.

However, a significant side effect of this could be to alert other potential buyers of Newcastle so that if they are interested, they could come forward with offers to Mike Ashley.

We may not hear anything about these potential new bidders in the next few months.

And that would be good because a sale is only going to happen when somebody determined to buy Newcastle comes in and pays the money required by the stubborn Newcastle owner.

The negotiations should be way under the radar screen – if they are to be successful.

Yes – we have been through this many times before, and no bids have yet been successful.

But this move by GACP Sports with Peter Kenyon again involved in leading the bid, could be vital in bringing other potential buyers to the table.

We hope that’s the case – and it does give us some hope we can finally rid the club of Mike Ashley.

A good time to buy Newcastle would be before the end of this year.

That’s before we possibly get too deep into relegation trouble, which would put potential suitors off buying the club.

It would also allow investment in the transfer window to take place in January to improve the quality of the squad.

We live in hope that Ashley will eventually sell the club and give Newcastle United FC and our supports new hope for the future.

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Comments welcome.

90 comments so far

  • Assassins Inc

    Oct 4, 2019 at 2:01 PM

    Comment #1

    Yawn, this is tiresome.

  • c-dog

    Oct 4, 2019 at 2:06 PM

    Comment #2

    Totally agree

  • boss hoggs atm

    Oct 4, 2019 at 2:06 PM

    Comment #3

    Load of b******s

  • Munster Mag

    Oct 4, 2019 at 2:06 PM

    Comment #4

    Assassin, this is amazing news 🙂

  • JP...from The Rock

    Oct 4, 2019 at 2:09 PM

    Comment #5

    Hope springs eternal eh Ed lol i seriously doubt there’ll be any progress in any takeover any time soon. We’re stuck with the fat slug and any recurring takeover talk is just that talk. More distraction from the real problem that is AshLie and his dirty tricks year after year.

  • Jail for Ashley

    Oct 4, 2019 at 2:12 PM

    Comment #6

    Is it as amazing as BZG setting up Monochrome acquisitions or is it real, as soon as DubaiMickey gives a timeline of events I’ll go and get my teeth taken out.

  • Jail for Ashley

    Oct 4, 2019 at 2:13 PM

    Comment #7

    What is anybody getting out of this, it has already been seen the distraction it has caused in the past, we know it’s bollorx why can’t the club just give us a statement.

  • Rotonda heights

    Oct 4, 2019 at 2:18 PM

    Comment #8

    its obvious ash tried to stiff bzg with the throwaway ”what’s another 10m to them” in ashley world if you’re rich, try and fleece them even more. can’t be many who turn the mansours down thinking they would not be a good fit for us.

  • toon22

    Oct 4, 2019 at 2:21 PM

    Comment #9

    Club in turmoil
    Team in free fall
    Fans disillusioned

    Whats Jabbas response ?

    Bosh…… Another fakeover


  • Munster Mag

    Oct 4, 2019 at 2:25 PM

    Comment #10

    All we need now is a dj 🙂

  • toon22

    Oct 4, 2019 at 2:25 PM

    Comment #11

    Hes got the government at his door with companies house, the HMRC and the business Secretary on his case
    He has to find an auditor before the LSE suspends SD shares
    Hes got a half a billion tax bill appear
    Has top people in his tat shop quit after decades of employment
    Is buying anything that moves

    He is facing the music on all fronts

    But somehow another fakeover will fix everything

  • toon22

    Oct 4, 2019 at 2:27 PM

    Comment #12

    Wonder how long it is before the usual changes at companies house we have to wait for, its the next step in the Jabba fakeover merry go round

  • greatclubNUFC

    Oct 4, 2019 at 2:28 PM

    Comment #13

    A real takeover will be in 30 years time. Jabbas only 55 years. Thats how long that liars gonna live, probably. We’ll be stuck until then.

  • Munster Mag

    Oct 4, 2019 at 2:29 PM

    Comment #14

    Jail, totally unfair criticism of me yesterday. I had said thatwe had to give SB time. The time is pretty much up and for me and was after brighton. Not sure what ur issue is?

  • geordietom

    Oct 4, 2019 at 2:30 PM

    Comment #15

    i’d love it , i’d really love if someone buys our club . just to F..K the frog off …

  • toon22

    Oct 4, 2019 at 2:31 PM

    Comment #16


    Naa he will fall foul of one regulation or another eventually, hes facing the music on so many fronts its hilarious
    He will hang on till the bitter end but eventually the government will deal with parasites like himself, they will then go about taking back every penny he has stolen

  • toon22

    Oct 4, 2019 at 2:34 PM

    Comment #17

    He told the government he is in the process of appointing an auditor to SD
    It was a blatant lie
    They wont play along with it forever

  • #BoycottAshley ( OP)

    Oct 4, 2019 at 2:36 PM

    Comment #18

    No hope here, give me a minute though, Bob may be in the bathroom

  • toon22

    Oct 4, 2019 at 2:37 PM

    Comment #19

    All we need if for him to receive a conviction of any kind, dishonesty being preferable
    Then im sure someone (lol) will send a letter to the FA via a solicitor asking them to apply their own rules

  • toon22

    Oct 4, 2019 at 2:38 PM

    Comment #20

    They either face a court case with Jabba or the fans
    Lets see how that plays out

    As if its the fans i think Fifa may get involved

  • DubaiMicky

    Oct 4, 2019 at 2:43 PM

    Comment #21

    Could be a stalking horse of course, setting up a Company in Delaware isn’t exactly expensive.

    I still can’t understand why the two groups don’t come together and make a joint bid with Kenyon as CEO or whatever.

    Still I know nothing me.

  • Ron Knee

    Oct 4, 2019 at 2:45 PM

    Comment #22

    “Newcastle United managing director Lee Charnley has revealed that the club are aiming to improve their communication policy this season.” (11 August 2019)

    We can’t keep up with all the press releases and “frank” interviews.

  • Essex Geordie Bill

    Oct 4, 2019 at 2:51 PM

    Comment #23


    OK let’s assume that he got the type of conviction that you’re hoping for, what rules can or would be applied that causes him to lose control of the club.

    I’m not being contentious here, can he be ousted without it affecting the club in a very negative fashion and would you be happy if it caused the club into administration and out of the League. Or in a better case scenario we only get demoted a League or two.

    Personally I’d suffer the latter choice if he was totally gone from the club, how about you?

  • Jib

    Oct 4, 2019 at 2:53 PM

    Comment #24


    A red herring methinks
    There is a city called New Castle in Delaware

  • Jail for Ashley

    Oct 4, 2019 at 2:56 PM

    Comment #26

    The issue is Munster that you have preached endlessly that we have to give this washed up muddling championship manager time yet you weren’t prepared to give our former manager any time at all. And your posts are shit!

  • geordietom

    Oct 4, 2019 at 2:58 PM

    Comment #27

    just had a phone call off wor mate THE SHEIKH he said he’s ganna buy the club out right because he’s sick of the the frogs tripe …

  • Reilly

    Oct 4, 2019 at 3:00 PM

    Comment #28

    Mark Douglas
    Delaware is where a lot of new companies are set up as apparently it doesn’t have very strict corporate scrutiny. MSD shell company was set up in same place when they were trying to buy #safc.

  • ilovetoon8788

    Oct 4, 2019 at 3:01 PM

    Comment #29

    We are favorite with the bookies to finish rock bottom in the league, and there’s buyer out there who are gonna pay 300m for us?


  • Jib

    Oct 4, 2019 at 3:03 PM

    Comment #30

    Delaware is chosen normally because the tax laws and rates
    there , are very relaxed.

  • ilovetoon8788

    Oct 4, 2019 at 3:09 PM

    Comment #31

    When Ashley purchased Newcastle in 2008, Leicester were in League 1. They’ve been promoted twice, won the Premier League, reached the Champions League Quarter-Finals, built a completely new training ground & spent £30m purchasing our best player in recent seasons. #NUFC #LCFC

  • toon22

    Oct 4, 2019 at 3:19 PM

    Comment #32


    Go read the Prem league fit and proper rules
    I’ve linked them enough

  • toon22

    Oct 4, 2019 at 3:20 PM

    Comment #33

    It’s exactly what the fans need
    Another long draw out bollix fakeover


  • mactoon

    Oct 4, 2019 at 3:24 PM

    Comment #34

    Scott Wilson, Northern Echo:

    The club is overpriced and a dreadful investment option for serious players. You’re buying a club that could easily be worth around £120m or so come May.

    Newcastle are set for a relegation battle. If you’re an investor wanting a return, it’s easy to see why you wouldn’t touch the Magpies in their current state. That explains why Ashley has been unable to persuade anyone to meet his asking price, and accounts for the difficulties Kenyon has encountered in his attempts to assemble a consortium able to complete a takeover and all the glossy brochures in the world are not going to change things.

  • Shadow_Shearer

    Oct 4, 2019 at 3:28 PM

    Comment #35

    You know the transfer window opens in a couple months, when you hear the phrase “takeover”

  • lochinvar

    Oct 4, 2019 at 3:44 PM

    Comment #36

    Should carry a health warning – didn’t his lot go onto sell tabs

    New Castle was originally settled by the Dutch West India Company in 1651, under the leadership of Peter Stuyvesant, on the site of a former aboriginal village, “Tomakonck” (“Place of the Beaver”), to assert their claim to the area based on a prior agreement with the aboriginal inhabitants of the area. The Dutch originally named the settlement Fort Casimir, but this was changed to Fort Trinity (Swedish: Trefaldighet) following its seizure by the colony of New Sweden on Trinity Sunday, 1654.

  • Reilly

    Oct 4, 2019 at 3:49 PM

    Comment #37

    Craig Hope
    Steve Bruce claims ‘mud has been thrown my way’ since taking over at NUFC & says he doesn’t have the time to implement his own ideas, with head coach set to turn to tactics used by Rafa Benitez last season

  • martoon

    Oct 4, 2019 at 3:51 PM

    Comment #38

    I don’t really understand company law but if you are buying a UK business such as NUFC would it not be more sensible to register a holding/acquisition company in the UK rather than Dellaware like they did with Monochrome?

  • martoon

    Oct 4, 2019 at 3:52 PM

    Comment #39

    Jail – don’t think I didn’t notice you taking the ‘P’ earlier – that will make me cross 😀

  • DubaiMicky

    Oct 4, 2019 at 3:55 PM

    Comment #40

    martoon, manure are based in USA, on one of their indices, dunno which one.


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