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Creditable Insight On Peter Kenyon’s Bid – Be Careful What You Wish For



Neil Mitchell is a Geordie who is a former Chairman of the NUST and now lives and works in Dubai and is an occasional writer for the Chronicle.

Neil has an excellent article out today in which he wonders exactly what happened with the BZG bid in the summer – which eventually went nowhere.

There remain many unanswered questions about what really happened with the BZG bid – but it now seems dead in the water

Neil Mitchell has also some interesting commentary and insight about the latest Peter Kenyon led bid backed by money from GACP Capital.

Peter Kenyon – leading a second bid to acquire Newcastle

One other notable item he writes about is about pitiful low commercial revenue – and that Newcastle United are NOT on the list of clubs Adidas is willing to sponsor.

So it seems we will likely remain with PUMA for a while.

Here’s a piece from the article:

“I was informed by someone with ties to Adidas here in the MENA region (Middle East and North Africa region) that Newcastle United are not in the group of teams they will be supporting and is why the Puma deal we have now is genuinely one of the better deals we could get.”

Mitchell is also very wary of the new deal that Peter Kenyon is the lead man pushing for a deal.

If the deal goes through, there will be dividends paid out to execs, interest to be paid on loans, and not much money paid out for transfers.

Also, those terrible SPORTS DIRECT signs that cover St. James’ Park will stay in situ for at least three years.

🙁

And apparently, if we are relegated, there is no additional money available to bolster a quick promotion.

We have been relegated twice (2009, 2016) from the Premier League.

And Newcastle have been promoted straight back in our very first season down below – back as Champions both times.

Another worrying piece from Mitchell’s article:

“Another thing intermediaries are saying – and I really hate to say this – but if the unmentionable happened and we did end up going down again into the Championship then this bid has no finance to bring us back.”

Neil Mitchell’s mantra about the Kenyon bid is to be careful what you ask for.

And even though it’s difficult to believe after 12 years of Mike Ashley running and ruining the club, things could be even worse.

Is that possible?

Fans will not want to hear this.

We have to hope and pray for the best and that some group – maybe not the Kenyon backed group – can buy Newcastle, even before the end of the year.

That would give us some real hope for the future – after 12 long, painful years.

Comments welcome.


50 comments so far

  • Jail for Ashley

    Oct 13, 2019 at 9:10 PM

    Comment #41

    Genjikai,
    I’ve sent that, hopefully hundreds or even thousands of others will and they’ll have to take notice.

    3
  • Jib

    Oct 13, 2019 at 9:20 PM

    Comment #42

    Jail for Ashley
    Genjikai,
    I’ve sent that
    Claver boy
    You did use a spellchecker I hope

    1
  • toon22

    Oct 13, 2019 at 9:29 PM

    Comment #43

    Nice bit of irony JIB

    Munster

    Kenyon is Jabba, nothing would have changed

    4
  • Jail for Ashley

    Oct 13, 2019 at 9:29 PM

    Comment #44

    Munster Mag

    Oct 13, 2019 at 9:02 PM

    Comment #40
    Yeah Jib did he use a spellchecker lol, did you rub his face in it, bitter little man, me you and Bills forever Jib yeah!!!

    7
  • toon22

    Oct 13, 2019 at 9:31 PM

    Comment #45

    If Kenyon pretend to buy us it will be nothing more than Jabba pretending to sell us
    With Kenyon used as a front for Jabba

    Its just progression of the usual lies, this would be the logical next step

    4
  • Just a fan

    Oct 13, 2019 at 9:38 PM

    Comment #46

    Jane re quiz
    I can’t believe you got so many right.. I got six.

    0
  • toon22

    Oct 13, 2019 at 9:44 PM

    Comment #47

    JAF

    Hiya JIB

    5
  • Just a fan

    Oct 13, 2019 at 9:48 PM

    Comment #48

    Jib
    If you’re around I’m reading up there the north east football boom an bust
    Anyway a blast from the past Bob cass
    But re Alan Kennedy signing for Liverpool in 1978 no phone in his house and his granny using a mangle doesn’t ring true.
    Any comments

    0
  • Jib

    Oct 13, 2019 at 9:54 PM

    Comment #49

    Kennedy did live in Sunderland

    0
  • Big Archie

    Oct 14, 2019 at 9:41 AM

    Comment #50

    So when did Neil Mitchell become an expert on Newcastle United?

    This is the same Neil Mitchell who was in charge of NUTS when they made the statement that they were going to get the fans to gether and raise enough money to nuy Newcastle United from Ashley?
    The same one who missed the target by 300 plus million pounds?
    The same one who lives in the UAE but WONDERS what happened with BZG?

    The problem with the Middle East is that everyone wants to have their say but nobody wants to put their name to the words. Everyone is an expert “on condition of anonymity”.

    BZG claimed a deal was done but in 2 statements gave us an indication that they thought the deal was going to fail. Their reference to a “so-called” fit and proper test was the first clue, followed by a statement that if the deal failed it wasn’t down to the efforts of BZG or Ashley – a second indicator that even BZG thought they were going to be dumped by the FA.

    So Mitchell failed at the helm of NUTS and can’t give us any verifiable information from Dubai.

    Yep – in the Middle East that makes him an expert.

    1


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