web analytics

‘Business As Usual’ Despite Latest Takeover Claims

There is a new report that Mexican group Orlegi Sports are still pushing to get a deal for Newcastle over the line. This new report comes from the Athletic’s David Ornstein, who also reported of a meeting in London between Mexican businessman and Mike Ashley.

In his latest reporting, Ornstein confirms that it was in fact members of Orlegi who Ashley met with last month. The meeting supposedly was quite contentious and ended abruptly.

This new report says that Orlegi, who are run by Alejandro Irarragorri, are now confident that a deal can happen.

Per Ornstein’s sources, Orlegi Sports are serious bidders and have an offer pending with their mergers and acquisitions group. They have also sought out advice from prominent football figures on Newcastle. Though none of those people were identified by name.

However, the Chronicle have followed up on this most recent claim. They are reporting that it is ‘business as usual’ at St James Park.

This seems to us to be in the same gray area as Peter Kenyon and BZG. It doesn’t look like any of the three are anywhere close to completing a deal despite their noises in the press. There are also big questions whether they have the funds to even get near what Ashley would consider.

We don’t doubt the authenticity of their interest in a takeover of Newcastle United. We just don’t think they can offer Mike Ashley the type of deal that would convince him to sell up. We’re not sure anyone can to be honest. He doesn’t strike us to be a willing seller unless he receives an outrageous offer.

5 comments so far

  • IrishRob

    Nov 11, 2019 at 11:04 AM

    Comment #1

    Daddy’s on point today!

  • Bills Son Is Back

    Nov 11, 2019 at 11:08 AM

    Comment #2

    I want to buy NUFC.

    I don’t have my own cash but I’m trying to put a consortium together.


    Mr Angry Grumpy Esq.

  • Assassins Inc

    Nov 11, 2019 at 11:12 AM

    Comment #3

    Yawn, sleepy eyes, yawn, wake up, stop dreaming, yawn, yawn, finally I’m awake.
    How do I know this, more B/S about Newcastle being sold again.

  • MagpieRanger

    Nov 11, 2019 at 11:17 AM

    Comment #4

    Yeah… Not happening.

  • Jib

    Nov 11, 2019 at 11:32 AM

    Comment #5

You must log in to post a comment.