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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

  • toon22

    Oct 4, 2019 at 5:01 PM

    Comment #81

    It needs to have a certain name ?
    That’s a bizarre thing to claim

    LoL

    1
  • toon22

    Oct 4, 2019 at 5:03 PM

    Comment #82

    He wants the illusion of selling
    It’s helped him in the past

    Not any more

    3
  • Jib

    Oct 4, 2019 at 5:04 PM

    Comment #83

    toon22
    I dare you to repeat your assertion
    #68
    That Mike Ashley is a thief

    2
  • IrishRob

    Oct 4, 2019 at 5:04 PM

    Comment #84

    It’s not spelled New Castle, in the report though, its spelled Newcastle, but none the less Jib you may have found a possible reason for the name. Nice job, good catch!!

    2
  • toon22

    Oct 4, 2019 at 5:06 PM

    Comment #85

    JIB

    I’d love to see him in court
    You think I could get crowd funded to defend myself
    That way he would have to prove I’m wrong

    Not the first time you’ve threaded me us it

    2
  • IrishRob

    Oct 4, 2019 at 5:06 PM

    Comment #86

    Btw, I thought I read united in the name, my bad.

    0
  • mactoon

    Oct 4, 2019 at 6:50 PM

    Comment #87

    GACP NEWCASTLE MANAGEMENT, LLC and GACP NEWCASTLE PARTNERS, LLC are two limited liability companies set up by GACP on the official state of Delaware website which seems to be their equivalent of our Companies House. The only difference is in order to see any details of the companies you have to pay $10 whereas Companies house shows accounts and filing information free.

    0
  • Lucasd12

    Oct 4, 2019 at 6:50 PM

    Comment #88

    Not sure what to believe anymore, I don’t think they’d come out and set up these accounts or whatever if they didn’t have money it’d be a pure waste of time, do the journalists actually know anything or just trying to create a story out of nothing to try and get publicity? I think it’s a mixture of both, but if someone is to take over they will need serious cash to purchase, and also run the club the way it should be ran and the way fans expect it to be ran, I think someone like Kenyon as director or chief exec would be a good move owner wise I’m not sure , does this guy have real capital or just going to run the club like Ashley and use only cash the club makes because for me that’s not going to work not in this world we live in now, we must spend 100-150m in a summer window to totally rebuild and possibly money in January so someone needs to come in and have 600/700 million to just start to take the club forward does this guy have it? I’m not sure how owners work these days or will he just get massive loans in the clubs name

    0
  • beefman13

    Oct 4, 2019 at 7:10 PM

    Comment #89

    Hope a Dope, bunch of GITS.

    0
  • mactoon

    Oct 4, 2019 at 7:42 PM

    Comment #90

    Lucasd12

    This latest ‘bid’ has made public a brochure which still lists the likes of Joselu, Diame, Rondon, Perez and Kenedy as current players and clearly refers to Rafa when it says the club has a manager “who has unparalleled success in Europe” (with Bruce’s name stuck in once Rafa left even though Bruce has no success in Europe unparalleled or otherwise)

    These are selling points from June, probably a lot earlier so if no bid has been put in yet I think it’s safe to say they have been unable to raise the £350 million stated in the brochure. They can’t even be bothered to update it.

    Bear in mind that the BZG bid released statements that they had completed all processes and were assisting the Premier League with the fit and proper test, set up a company called ‘Monochrome Acquisitions’ which has still only got 1 pound in it. Setting up a holding company like the BZG and GACP have done means nothing.

    As Ashley says, ‘The reality is with these deals that once it gets out, if it’s not done, it’s probably not going to get done’

    0


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