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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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90 comments so far

  • count

    Oct 4, 2019 at 3:56 PM

    Comment #41

    The formation of these companies counts for nothing! It shows nothing! It proves nothing!

    6
  • toon22

    Oct 4, 2019 at 4:02 PM

    Comment #42

    It meant nowt the other 8 times

    What’s changed?

    7
  • Jail for Ashley

    Oct 4, 2019 at 4:06 PM

    Comment #43

    martoon,
    I’m not being funny but I am really cross lately, the whole situation is boiling my P and so gawd damn unnecessary, the absolute fortunes that are about to be squandered from arrogance and stupidity, why couldn’t we just have let an expert spent that money. It really does make a mockery of ”Ashley really does want to sell” He must have known this was likely to happen and that the value or chance of sale would diminish, what on earth has he gained. Even if he does mange to sell a watered down version of us I don’t believe it’s going to be a PL club for much longer.

    5
  • Jail for Ashley

    Oct 4, 2019 at 4:09 PM

    Comment #44

    count,
    It proves how easy it is to set up a company and publicise yourself for whatever reason. Apparently Stavely and BZG were time wasting self publicists, what have they possibly gained from spending tens/hundreds of thousands on due diligence only to be branded tyre kickers, apart from that interview with Caulkin why hasn’t Stavely really spoken out against it, why haven’t BZG, were they both in cahoots with Ashley amid another business deal, we’ll never know.

    4
  • toon22

    Oct 4, 2019 at 4:17 PM

    Comment #45

    It seems to me Jabba desperately wants to hang onto our club
    He needs us
    It’s just that if he keeps us we will cost him a fortune as it stands
    Hence the attempt at see how well the Kenyon rubbish floated

    He wants the adverts
    He wants the club shop and shirt sales
    He wants the tv money

    But nowt else

    It’s laughable his pretending to want to sell us as in reality all he wants rid of is the sporting bit and anything that’s not making him money

    About as deluded as humanly possible

    5
  • Jail for Ashley

    Oct 4, 2019 at 4:17 PM

    Comment #46

    Been given all day to carry out a survey that took us an hour, where is everybody?

    0
  • Jail for Ashley

    Oct 4, 2019 at 4:19 PM

    Comment #47

    I wonder if he is so far removed from the club and that Churnley is shit scared to tell him the truth that he actually thought he could get away with what he done this summer and still flog a watered down version for 300M

    3
  • toon22

    Oct 4, 2019 at 4:19 PM

    Comment #48

    Anyone with money will avoid the guy after the circus he created the last 8 times
    Why bother talking to him ?

    Just sit back and wait eventually he will hang himself with his own rope , you can see it happening right now

    Once that happens you pick up everything you want without him being able to stop you for penny’s in the pound

    6
  • toon22

    Oct 4, 2019 at 4:22 PM

    Comment #49

    Nobody will ever agree the terms Jabba wants
    He wants far too much
    And wants to sell too little of the club

    His greed and his ego will end it all

    8
  • Bring back benitez

    Oct 4, 2019 at 4:24 PM

    Comment #50

    Ashley just says anything. He’s a natural bulls***er.

    Remember that interview where he said that he made mistakes and took advice from the wrong people? Who the hell is giving him info on joelinton? 40mill. Rafa was right 20mill seems more accurate!

    8
  • Jail for Ashley

    Oct 4, 2019 at 4:29 PM

    Comment #52

    Bring back Benitez and anyone else for that matter,
    Alesandre Pleas was valued at 22M by his club, somebody at our club said he was only worth 20M and so offered that as a final offer, he went on to score 15/30 in the Bundesliga, yet Joelinton who only scored 7 in a free scoring side was valued at 38M and we agreed, who is making these valuations. My guess is they didn’t get Plea to make Rafa walk, or is it more than that I just don’t get any of it.

    7
  • Bring back benitez

    Oct 4, 2019 at 4:29 PM

    Comment #53

    Rafa came in, tried to stop goals leaking in. Had no left back options, barring dummet and tried playing sissoko at left back.

    Bruce just sends players on without knowing where to play… Come on, give Bruce a chance.

    Rafa didn’t deserve a chance but Steve “to good for Newcastle job earlier in his career” Bruce deserves a chance!

    Fair and balanced

    3
  • Essex Geordie Bill

    Oct 4, 2019 at 4:30 PM

    Comment #54

    OK

    Here is a brief summary of the rules of owning a football club.
    I’ve copied and pasted them. There’s a lot of verbiage so my apologies.

    Ownership of a Football Club
    The owners’ & directors’ test
    Since 2004, anyone involved in running or owning an English football club must pass the owners’ & directors’ test (formerly the fit and proper test). The test was introduced by the FA to combat possible corruption and a perceived lack of transparency connected with football club ownership and to protect the reputation and image of the game.

    The owners’ & directors’ test applies to all clubs in the Premier League, English Football League, National League, Isthmian League, Northern Premier League and Southern Football League. The Premier League and English Football League administer the test for clubs in their leagues, while the FA administers the test to clubs in membership of the National League and the three leagues below.

    The test makes the ownership requirements for football clubs in England the strictest of any industry in the country; the test is deemed to go beyond any requirement of company law.

    Who does the test apply to?
    The test applies to any person defined as an officer of a club and includes anyone operating the powers usually associated with those of:

    a director of a company incorporated under the Companies Act;
    direct or indirect control over a club, including a shareholding of 30% or more;
    an officer of an Industrial & Provident Society;
    a chairman, secretary or treasurer of a club that is an unincorporated association.
    Elements of the test
    The tests applied to clubs in each league are broadly similar. In general, individuals will be disqualified from acting as a football club director or owner if they:

    are prohibited by law from being a director;
    have power or influence over another football club;
    have a significant interest in another football club;
    have unspent criminal convictions involving dishonesty, corruption, perverting the course of justice, or a serious breach of the Companies Act;
    have been convicted under FA Rules of betting or bribery offences;
    are bankrupt or are filing for bankruptcy;
    are banned by a sports governing body or a professional body;
    are required to notify personal information under Pt 2 of the Sexual Offences Act 2003;
    have been an officer of two or more clubs that have entered into an insolvency event, or, have been an officer of one club that has had two separate insolvency events, within the last five years;
    have been an officer of a club that has been expelled from the Premier League, Football League, Conference, Isthmian, Northern Premier or Southern Football Leagues within the last five years.
    Reporting requirements
    Under the FA’s Regulations, someone wanting to become an officer of a club must sign a declaration confirming they are not subject to one of the disqualifying conditions listed above and submit it to the FA.

    The FA then has 14 days to consider the declaration and provide its written consent to the club before that person can act as an officer of the club.

    If a serving club officer becomes subject to a disqualifying condition they must notify the club within three working days. The club then has a further three working days to inform the FA. Someone subject to a disqualifying condition is no longer permitted to act as an officer of a club.

    If a serving club officer is removed, resigns or leaves the club, the club must inform the FA within seven working days.
    Failure by any officer or club to comply with the regulations or submits false information will be guilty of misconduct and subject to FA disciplinary proceedings.

    3
  • Mag :P

    Oct 4, 2019 at 4:32 PM

    Comment #55

    I’d hate to see your long summaries Essex.

    7
  • Bring back benitez

    Oct 4, 2019 at 4:34 PM

    Comment #56

    I tend to agree, JFA. It always felt like they were finding ways to annoy Rafa.

    That plea deal was shocking and a sign that someone is/was giving Ashley advice. Or purely just to wind Rafa up. I’m mean 2 mill no difference, not like he ended up going for £35m

    4
  • Essex Geordie Bill

    Oct 4, 2019 at 4:34 PM

    Comment #57

    As I read it if Ashlie was convicted of a criminal offence, he could stand down as an officer of the club but still own it.

    Am I incorrect in thinking that.

    2
  • toon22

    Oct 4, 2019 at 4:36 PM

    Comment #58

    Basically

    If Jabba is convicted of something there’s grounds to shift him
    If companies house deals with him , he could be barred from running a company himself or by proxy for 5 years
    If parliament gets involved he could have his dealings with us forensically investigated

    Lots of ifs but all of which will be resolved one way or another

    2
  • toon22

    Oct 4, 2019 at 4:38 PM

    Comment #59

    Essex
    The rules state he can’t run the club either himself or by proxy

    I checked

    3
  • toon22

    Oct 4, 2019 at 4:38 PM

    Comment #60

    I even emailed them to make sure
    They’ve just changed the rules

    2
  • Essex Geordie Bill

    Oct 4, 2019 at 4:39 PM

    Comment #61

    Just rereading them this line stands out.

    ‘The tests applied to clubs in each league are broadly similar. In general, individuals will be disqualified from acting as a football club director or owner if they:’

    So if he’s disqualified as an owner is he forced to sell, I could imagine a lot of obfuscation happening if he was told to.

    2
  • Jib

    Oct 4, 2019 at 4:39 PM

    Comment #62

    Ashley isn’t an officer of the club
    Just the owner

    0
  • toon22

    Oct 4, 2019 at 4:40 PM

    Comment #63

    So as you can see
    There are plenty of things to be happy about that could reasonably said are very plausible ways to see Jabba removed from our club
    Where he wouldn’t have a say legally

    1
  • toon22

    Oct 4, 2019 at 4:40 PM

    Comment #64

    Ahh JIB

    He is the owner though
    Go read them rules again

    Always there to defend him arnt you

    4
  • toon22

    Oct 4, 2019 at 4:41 PM

    Comment #65

    Read the prem rules
    They are stricter , might be the reason he wants us relegated

    😉

    2
  • toon22

    Oct 4, 2019 at 4:42 PM

    Comment #66

    No he won’t be forced to sell us
    He is free to keep us
    It’s just that his team won’t have a league to play in
    A nice big expensive white elephant

    3
  • Essex Geordie Bill

    Oct 4, 2019 at 4:43 PM

    Comment #67

    I’d bet that he would find ways to drag it out for years if he was backed into a corner.

    3
  • toon22

    Oct 4, 2019 at 4:45 PM

    Comment #68

    I prefer the parliament route to him being removed myself
    As they will take a forensic look at the accounts to see where the moneys going
    That way he gets his fingers burnt in lots of ways

    And we might see some of the stolen money back

    1
  • toon22

    Oct 4, 2019 at 4:46 PM

    Comment #69

    Yes he could drag it out as long as he likes
    His team still won’t be in the league

    Clear rules and he has no legal say in playing in any league

    1
  • Jib

    Oct 4, 2019 at 4:48 PM

    Comment #70

    toon22
    And we might see some of the stolen money back

    What stolen money is that ?

    0
  • toon22

    Oct 4, 2019 at 4:48 PM

    Comment #71

    As you can see
    I’ve listed 3 ways he currently might be in real trouble

    If you were wanting to buy us would you be in any hurry?

    He is used to being the guy with the upper hand
    Not this time

    2
  • toon22

    Oct 4, 2019 at 4:49 PM

    Comment #72

    JIB

    Let’s see what they find
    As ever defending a guy asset stripping
    I’m guessing strawberry place is a good place to start

    3
  • toon22

    Oct 4, 2019 at 4:49 PM

    Comment #73

    Undisclosed Payments

    😉

    3
  • toon22

    Oct 4, 2019 at 4:50 PM

    Comment #74

    That’s ignoring the HMRC investigations
    Or the lack of an auditor
    Or that tax bill

    Etc

    2
  • IrishRob

    Oct 4, 2019 at 4:50 PM

    Comment #75

    Like others have said before, If we’re hearing about it, then its probably not happening.

    But I will say it’s odd that a company has been made up with the Newcastle united name in it.

    With monochrome it was different because that could mean anything and even if it was set up for nufc, with the failed bid they could always use the company for something else because calling it monochrome doesnt necessarily tie it to Newcastle, but making a company and flat out putting Newcastle united in the name is very interesting because obviously that company can’t really be used for anything other than Newcastle realistically with Newcastle united in its name.

    Long winded way of saying we could be in for a surprise, however unlikely it is in reality.

    3
  • toon22

    Oct 4, 2019 at 4:51 PM

    Comment #76

    JIB

    Could you get the PR to comment on that lack of an auditor
    Or get them to put a date on it ?
    Or comment in any way ?

    Hahahahaha

    2
  • toon22

    Oct 4, 2019 at 4:52 PM

    Comment #77

    Irishrob

    Staverly
    Kenyon
    Those Arabs

    All did the same thing , who bought us ?

    3
  • IrishRob

    Oct 4, 2019 at 4:59 PM

    Comment #78

    Toon22 they never set up holding companies with the Newcastle united name in them not one of them. Except this time, “GACP Newcastle Management LLP” and “GACP Newcastle Partners LLP.”

    Its probably more bs but its a little interesting at least, if you ask me.

    1
  • Jib

    Oct 4, 2019 at 4:59 PM

    Comment #79

    The companies don’t have “united” anywhere in their title
    And the agent for their incorporation is based in
    New Castle county
    Wilmington
    Delaware

    5
  • toon22

    Oct 4, 2019 at 5:00 PM

    Comment #80

    The PR might not like it
    Jabba might not like it
    But the reality of it is very different

    Eventually he will fall foul, his actions have only ever added to his problems
    He can’t BS his way out of everything

    2


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