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GACP Sports Continue Quest To Fulfill Details Of Leaked Brochure


A couple weeks ago, it was reported that GACP Sports had set up two holding companies similar to the ones set up by the group when they purchased Ligue 1 club Bordeaux.

Those two companies were GACP Newcastle Management LLP established on September 27th and GACP Newcastle Partners LLP, which was established on October 1.

The Shields Gazette have discovered that the group have now set up another company named GACP Newcastle Investors (U.S.) LLC.

The third company is registered in Delaware just as the first two were. Interestingly, they are registered in the county of New Castle.

The report in the Shields Gazette links the creation of these groups to the “Summary of Investment Terms” located on page 35 of the 46-page brochure that was leaked when the Daily Mail first reported of Peter Kenyon’s renewed attempt to purchase Newcastle.

Some other companies on page 35 of the brochure are Newcastle Investors Ltd, registered in the Cayman Islands, and Newcastle Investors Ltd, on the Isle of Jersey have also been created per the report in the Shields Gazette.

If this is an actual plan and not some sort of sick ruse, then it appears to be coming together.

However, Mark Douglas of the Chronicle has issued a swift warning about the latest development:

“This shows more background work is being done by GACP Capital but, as I pointed out when the first of these firms was registered, it’s a low cost and low obligation move by the group that are working with Peter Kenyon.

“As it stands, there’s been no breakthrough in negotiations with Newcastle United – although Kenyon made confident noises a few weeks back. I’m sure fans will shrug and say ‘So what?’ but if nothing else, it does show GACP at least haven’t given up.”

Ultimately, it doesn’t mean much if the Kenyon/GACP Group can’t secure the funds to meet Mike Ashley’s ransom-like bounty on Newcastle. It does give us some hope that there incremental progress is being made. However, if this all for naught, then we could do without it.


44 comments so far

  • MagpieRanger

    Oct 14, 2019 at 9:08 PM

    Comment #1

    Nothing to get excited about.

    0
  • Sheikh MagToon

    Oct 14, 2019 at 9:10 PM

    Comment #2

    Perhaps those who slag off Ashley should look carefully at the above to see what is being proposed is to be paid out to investors from the Club’s revenues.

    Management fees, guaranteed return of 12% on investment plus share of excess profits. That equates to £42m per year just on the guaranteed return based on £350m price.

    Don’t make the mistake of thinking that this is about investing in the Club as it’s exactly the opposite.

    I’d rather keep the current structure.

    2
  • Jail for Ashley

    Oct 14, 2019 at 9:18 PM

    Comment #3

    Sheikh MagToon,
    Are you suggesting that I stop slagging Ashley by Jove!

    6
  • MagpieRanger

    Oct 14, 2019 at 9:22 PM

    Comment #4

    Peter Kenyon is a slight upgrade on Lee Charnley don’t you think?

    6
  • Jail for Ashley

    Oct 14, 2019 at 9:27 PM

    Comment #5

    Just read a history of Bulgaria today and it’s easy to see why they’re a nation of backward racists. Apart from a brief golden period that lasted a few hundred years over a millennia ago, prior to and after that they’ve always been shite, always been part of one defeated empire or another and never had their own identity.

    7
  • Jail for Ashley

    Oct 14, 2019 at 9:28 PM

    Comment #6

    MagpieRanger,
    Not if he’s doing the same job while Churnley gives out orders from underneath his desk.

    0
  • Jib

    Oct 14, 2019 at 9:29 PM

    Comment #7

    Jail by all means carry on slagging Ashley
    It saves us having to decipher your garbage on footy

    1
  • Moonraker15

    Oct 14, 2019 at 9:29 PM

    Comment #8

    Sheikh
    Are you on the PR payroll? Are we now expected to applaud Ashley for 13 dismal years during which time he’s robbed us blind and we owe him over £100 million!

    6
  • Ron Knee

    Oct 14, 2019 at 9:32 PM

    Comment #9

    ‘Arry scores a goal – and not a penalty.

    0
  • Jail for Ashley

    Oct 14, 2019 at 9:35 PM

    Comment #10

    Jiblets,
    Is this a World cup qualifier or a EURO qualifier. It’s not a trick question so think before you post, I’ll give you three minutes. You’ll find the answer on BBC football.

    5
  • martoon

    Oct 14, 2019 at 9:40 PM

    Comment #11

    geordietom @24 last topic.

    Just catching up – that’s brilliant news – really pleased for you – I know exactly the relief you’re feeling so we’ll let you off with some dodgy videos 😀

    0
  • simon376

    Oct 14, 2019 at 9:44 PM

    Comment #12

    Great news Tom, some things are actually more important than football and that is brilliant news

    0
  • Jib

    Oct 14, 2019 at 9:45 PM

    Comment #13

    Christiano Ronaldo
    Scored against the Ukraine tonight
    His 700th career competitive goal
    Remarkable

    4
  • G

    Oct 14, 2019 at 9:48 PM

    Comment #14

    Whilst I agree with Sheiks sentiment about the scincerity of Kenyons plan being less than ideal, I’ll still happily take a punt on if being a bluff to bring the price into Kenyons range and backheel fat ash.

    0
  • Trent1211

    Oct 14, 2019 at 9:49 PM

    Comment #15

    Sheikh MagToon

    Oct 14, 2019 at 9:10 PM

    Comment #2

    12% annually?! Find it hard to believe that is what they are offering investors – every year. I question your motives like others.

    I am concerned about a buyer looking for change down the back of the sofa just to purchase the club but can’t see what you’re saying about return on investment being what’s proposed.

    2
  • Trent1211

    Oct 14, 2019 at 9:53 PM

    Comment #16

    Geordie Tom that’s brilliant. V happy for you and yours.

    0
  • Jail for Ashley

    Oct 14, 2019 at 9:59 PM

    Comment #17

    G, Trent,
    If a deal is struck that allows Ashley to keep his tat then there hasn’t been a deal struck at all. It will be a sham with the fatman keeping full control with a puppet regime in the chair. He’s obviously going to have to give concessions but he knows the whole lot is going down the pan if he doesn’t. He would not have spent 38M on Joelinton in the hope of selling him for 75M in a year or two’s time if he was planning on selling to a guy with hardly any money. The whole thing stinks.

    2
  • Lascelles sells sea shells by the sea shore

    Oct 14, 2019 at 10:00 PM

    Comment #18

    Seeing Martoon and Jail both post on this thread made me remember I need to check my Fantasy football… First time since I last mentioned it to you Martoon… I’m bloody top!!! 🙂 had a right laugh… More by fluke than design in fairness haha

    2
  • RobLeenio

    Oct 14, 2019 at 10:00 PM

    Comment #19

    The Bulgaria national football team is allowed to continue playing international football, yet Peter Beardsley is banned from football for two years.

    Now, Beardsley was definitely wrong in his behaviour, but how is he more deserving of punishment than the Bulgarian FA? They’ve been getting away with it for years, along with numerous other Central European nations.

    There is an element of racism within the British game, but by and large our clubs and national associations are quick to act, which is what sets us apart in my eyes.

    That said, the lack of British league coaches who are not white is an ongoing embarrassment.

    2
  • Jail for Ashley

    Oct 14, 2019 at 10:01 PM

    Comment #20

    Is Mings better than Lascelles?

    0
  • Jib

    Oct 14, 2019 at 10:06 PM

    Comment #21

    Miles better

    0
  • G

    Oct 14, 2019 at 10:09 PM

    Comment #22

    Still think Mings doesnt look like a worthy international player mind. Think even at my advanced years I could have had a decent game against Bulgaria

    1
  • G

    Oct 14, 2019 at 10:10 PM

    Comment #23

    Happy if he proves me wrong mind

    0
  • martoon

    Oct 14, 2019 at 10:11 PM

    Comment #24

    Jail @20 – Defensively no but his passing and bringing the ball out is much better which is what Southgate wants.

    Lascelles @18 – That’s very impressive – talk about beginner’s luck 😉

    0
  • Lascelles sells sea shells by the sea shore

    Oct 14, 2019 at 10:11 PM

    Comment #25

    I’d say Lascelles shades it as a defender jail, however I think Ming’s is a better all round footballer and can play left back I think which is what he was at Ipswich I think

    0
  • Lascelles sells sea shells by the sea shore

    Oct 14, 2019 at 10:13 PM

    Comment #26

    Martoon… I honestly rubbed my eyes!!! I’ve changed the subs once before and it was before the Liverpool game when I erring on the side of caution took Dubs off and he stayed off for the Leicester debacle… Back in now though! Haha

    0
  • dougie

    Oct 14, 2019 at 10:31 PM

    Comment #27

    Great news Tom,all the best to you and the missus.

    0
  • Online Guy

    Oct 14, 2019 at 10:35 PM

    Comment #28

    Lesh, Jib , lads n’ Carltoon

    Thought I’d woke up in 73 when I first met these lads.

    Remind you of anyone ?

    https://youtu.be/C29CHrh3J14

    1
  • Trent1211

    Oct 14, 2019 at 10:42 PM

    Comment #29

    Lascelles is the most overrated player we’ve ever had. Ask yourself why we, as a selling club with a known surplus of CBs, have seemingly (unreported) been approached by any Prem club for his services?

    Why will England go nowhere near him and pick just about anybody else?

    God help me I agree with Jib.

    He’s a preening light footed, chest out, mirage of a defender. Terrible distribution, can’t turn, loses his man like I lose umbrellas etc Good attitude but nowhere near international class. I wonder what people are seeing where he’s concerned.

    0
  • lesh

    Oct 14, 2019 at 10:42 PM

    Comment #30

    Geordietom

    Very pleased for you and Mrs Geordietom and your news sounds good enough for another cruise – an extra extra special one you can both enjoy without any real worries.

    Life must really seem like living now – make the most of it.

    0
  • Nufc-83

    Oct 14, 2019 at 10:44 PM

    Comment #31

    Amazing news Tom really brings it home how pathetic we are at times arguing on a football blog about things such as land ownership.

    Mings much better than lascelles in my opinion but then again I don’t rate lascelles that highly.

    1
  • Nufc-83

    Oct 14, 2019 at 10:45 PM

    Comment #32

    Trent why do you consider us as a selling club?

    0
  • lesh

    Oct 14, 2019 at 10:47 PM

    Comment #33

    Moonraker15

    We’ve no need to worry too much about NUFC now that the nation’s leader has promised us that the UK’ll be like paradise on earth……. Just think, Shangri La and no Ashley!

    0
  • Lilongwe Geordie

    Oct 14, 2019 at 10:49 PM

    Comment #34

    Robleenio,
    Bulgaria will get away with it cause banning them sets all sorts of precedents that UEFA will be unwilling to sanction against other nations. There is no shortage of racism in some Italy and Spain games, and if UEFA banned Bulgaria, they would be pushed to ban bigger nations, which they won’t do.

    0
  • toon22

    Oct 14, 2019 at 11:06 PM

    Comment #35

    If Jabba think he can get around the fit and proper rules with a sham sale hes deluded

    Mike Ashley puts boot into ‘dominance’ of Adidas and Nike

    https://news.sky.com/story/mike-ashley-puts-boot-into-dominance-of-adidas-and-nike-11835796

    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

    2
  • toon22

    Oct 14, 2019 at 11:06 PM

    Comment #36

    Sorry bit it needed that much laughing

    So much for tat direct

    1
  • Bleatin' n Bruced

    Oct 14, 2019 at 11:09 PM

    Comment #37

    I just thought that… Oh…great……Broken again?

    0
  • Bleatin' n Bruced

    Oct 14, 2019 at 11:10 PM

    Comment #38

    Going….

    0
  • Bleatin' n Bruced

    Oct 14, 2019 at 11:10 PM

    Comment #39

    ….going…..

    0
  • Bleatin' n Bruced

    Oct 14, 2019 at 11:11 PM

    Comment #40

    ..gone!

    0

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