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Leading Us Down The Garden Path? – Takeover Talk Resurfaces Yet Again

After this past summer of speculation with the Bin Zayed Group led to nothing but heartache, many fans have grown a thick skin when it comes to media reports of another takeover.

The endless procession of these supposed bids will leave any hopeful fan weary and cynical. That is also the case with the latest speculation of a renewed attempt by Peter Kenyon.

The more we get little morsels in the press about Peter Kenyon and GACP Sports, the less we believe that a deal is in the offing.

For some reason, it seems like this club sustains itself on takeover gossip. It sometimes comes in trickles and other times in waves, but it’s always ready to be trotted out.

This is despite the assertion from the horse’s mouth itself that a takeover is only likely to happen behind the curtain. We can’t help but bring up Mike Ashley’s own words with the latest news of Peter Kenyon’s ‘timeline’ to take over Newcastle.

The Mirror have a report that sources close to Peter Kenyon and GACP Sports are still moving forward with their takeover plan.

This is the comment attributed to the source in the Mirror:

“They’re hoping it’ll happen. They’re doing due diligence, and they want to get the takeover done before the January transfer window and then get some players in.”

We do know that the group have set up holding companies recently, but that was also the case with BZG. These latest comments just seem like a carrot dangling at the end of a rope.

We just have to point to what Mike Ashley said himself in the Daily Mail this summer:

“So I have to assume I will stay running this football club. There are no offers. Define an offer. I’m not a believer anymore. Peter Kenyon convinced me last Christmas that it was going to get done. I’m never doing that again. I think I could own this football club forever.

“That is my new mental state. The reality is with these deals that once it gets out, if it’s not done, it’s probably not going to get done.

“The day someone buys Newcastle, they’ll do their due diligence – and finished. It will happen like Manchester City. By the time the media find out, it’s already complete. There’s no need for a delay with Newcastle. It is, honestly, a very well-run football club.”

For anyone to pry this club out of the hands of Mike Ashley, they’ll need to pay well over the odds. Most people who are successful in the business world just don’t do that. Mike Ashley knows this which is why he’s set the asking price so high for Newcastle.

As far as this recent takeover talk with Kenyon and GACP Sports, we’ll believe it when it’s done and dusted. Until then, we’ll not be tempted by the latest primrose on offer.

3 comments so far

  • martoon

    Oct 27, 2019 at 1:03 PM

    Comment #1

    Fernandez for Schar.

  • dougie

    Oct 27, 2019 at 1:24 PM

    Comment #2

    Takeover my arse.The parasite has no intention of selling,he pockets millions every year and gets worldwide publicity for his tat shops.Why would he possibly want to sell when it’s win win for him.Sports Direct FC only exists for this purpose.Nothing is ever done to improve the club in any way.17th or above is all that matters to him and to keep the millions pouring in.He holds the supporters in utter contempt.Its a zombie club with no ambition.

  • widowmagandapoke

    Oct 27, 2019 at 4:35 PM

    Comment #3

    I notice more empty seats. Gaps all over today. Will that influence the odious one? I now only watch on tv, and judging by today’s performance nobody would want to buy this club. A disaster since Ashley engineered Rafa’s leaving.


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