web analytics

What Could Bordeaux ‘Buyout’ Mean For Newcastle Takeover?

There is a new report that Bordeaux’s chairman Joseph DaGrosa could soon be bought out of his 13.6% share in the Ligue 1 club.

DaGrosa and his American based GACP Sports have been in the news over the past few months as they are reportedly spearheading a move along with Peter Kenyon to purchase Newcastle United.

The Shields Gazette have cited an outlet in France that says that Bordeaux’s majority shareholder, King Street, are considering buying out GACP in order to fund new investments.

We are not sure how much that would be for DaGrosa and GACP Sports, but it could prove somewhat beneficial if they are indeed interested in purchasing Newcastle United.

As initially reported in the Shields Gazette in October, GACP Sports have set up holding companies that match the brochure that was leaked when their interest was first broken.

While we don’t doubt that the GACP Sports and Peter Kenyon are very interested in buying Newcastle, the funds received from any Bordeaux deal would likely be only a small amount of what it would take to buy Newcastle.

However, it still gives us a sliver of hope that a deal could be in the works though we have our doubts as to Mike Ashley’s true intentions.

Joseph DaGrosa seems like he would be a significant improvement at Newcastle, and he would likely be thrilled if he could ever get a deal over the line. We’ll have to see what transpires with Bordeaux as he’s only been there a short time, and there’s no mention of what his reaction would be if forced out by King Street.

DaGrosa and his group completed the purchase of Bordeaux just over a year ago in the fall of 2018. He’s been an excellent spokesman for the club as he’s given numerous interviews and seems to believe that owning a club is an excellent investment.

A report in Forbes in July published the following comments from the New York-born billionaire.

“It turns out that sports as an investment are actually a pretty good investment. A lot of people think that it is a vanity investment, and in some respects, that is true because a lot of individuals own teams.

“But actually, as an asset sub-class, sports has done remarkably well over the past thirty years. And if you start thinking prospectively, which sports are likely to do well over the next 10, 20, 30 years, soccer has massive potential.”

If DaGrosa is bought out at Bordeaux, we suspect he would be itching to get back involved in another investment opportunity. He went through a long and arduous process before making the breakthrough with Bordeaux. So he is likely willing to put up with the tribulations of trying to buy Newcastle.

This is what DaGrosa had to say in the Guardian soon after the Bordeaux takeover was completed:

“Before the acquisition, we had a rocky road. We didn’t just need a willing seller, but a willing city to invite us in and let us come into their community. Fortunately, I had the pleasure of meeting with many members of the Bordeaux City Council.

“I told them our view that Bordeaux is a wonderful team and a wonderful city, and we want to create value with both of them for the benefit of everyone. They were skeptical, but that’s understandable. They don’t know who we are.”

Well, he’ll have a very willing city at Newcastle if he can ever get close to sealing a deal with Ashley. However, the prospects still seem quite dim of that happening. But we can always hold out a bit of hope.

22 comments so far

  • Online Guy

    Nov 29, 2019 at 6:24 PM

    Comment #1

    One more thing

    Newcastle City Council planning department and the magnificent 7 that voted for the development that stops expansion of the stadium need scrutinising named and shamed . 7 people in a football daft city decide that Newcastle United and its heritage and what it means to the people who live here should not take precedence over student accomadation and a hotel for transient people .

    Clowns .

  • Online Guy

    Nov 29, 2019 at 6:31 PM

    Comment #2

    Irish Rob

    I hesitate to call you an Idiot but it’s looking that way .

    Can you confirm ?

  • Online Guy

    Nov 29, 2019 at 6:50 PM

    Comment #3

    Small world…its a small world .

    I also spoke to Sir Jeremy ..seemed like a really decent bloke ..I once picked him up on his take on John Hall buying the club..

    I received a good letter from him telling me of his concerns over just one man having full control and owning Newcastle United.

    As it come to pass Sir John Hall was the right fit and a decent fair and honest man .

    How right Sir Jeremy was in his letter to me .

    It’s come home to roost now .. One man having full control .

    We have our very own despot dictator and greedy man owning the club and running it as he sees unfit.

  • Online Guy

    Nov 29, 2019 at 7:03 PM

    Comment #4

    Where’s everyone gone ? Is Frankie back on the telly?

    Hello, is there anybody out there ?

    I’m off.

  • Mindshaft

    Nov 29, 2019 at 7:05 PM

    Comment #5

    NUFC aren’t for sale.
    From previous : the fans forum was an absolute disaster and rarely held , new fan initiatives can hardly be any worse albeit not necessarily better

  • Jib

    Nov 29, 2019 at 7:05 PM

    Comment #6


  • Mindshaft

    Nov 29, 2019 at 7:06 PM

    Comment #7

    Genji – thanks, inspiration was from somebody on this blog who said Bruce reminded him of Peter Griffin which made me chuckle because he actually does

  • Mindshaft

    Nov 29, 2019 at 7:07 PM

    Comment #8

    Thanks to jib too , his gravatar isn’t far off the one I made

  • jane

    Nov 29, 2019 at 7:30 PM

    Comment #9

    Swans v Fulham Woodman in goal


  • jane

    Nov 29, 2019 at 7:31 PM

    Comment #10

    U23s playing but let you find out who 🙂


  • Jib

    Nov 29, 2019 at 7:34 PM

    Comment #11
  • simon376

    Nov 29, 2019 at 7:36 PM

    Comment #12


    Unfortunately everything you have said and the letter you got has been proved 100% right.

    Oh when I think back to 13 years ago and how excited I was at the time. If only Sir John could come back with someone or someone very much like him to buy the club out and put it in safe hands and enjoyment for the fans.

    I have no problem with an owner making money from the club as long as he/she/they remember the fans and help and look after their enjoyment along the way

  • IrishRob

    Nov 29, 2019 at 7:48 PM

    Comment #13

    I can confirm I’m still laughing at you!! Will that do sweetcheeks??

  • BeeGuy

    Nov 29, 2019 at 8:01 PM

    Comment #14

    With ManC getting a 348 cash inflow, we can only assume NUFC and most of the other bottom 16 are destined to to see the big boys go off and form their own world league. So who will want to invest in one of the multitude of “have not” teams in the UK, Europe and the rest of the planet?

  • jane

    Nov 29, 2019 at 8:38 PM

    Comment #15

    2 goals for Mitrovic. nothing Woodman could do about them.

    Mitrovic has scored 24 goals in 24 appearances for club and country this season.

  • jane

    Nov 29, 2019 at 8:41 PM

    Comment #16

    Rafa not impressed with Mitrovic. Championship player 😐

  • Kamakazeee

    Nov 29, 2019 at 8:45 PM

    Comment #17

    It had nothing to do with Mitrovic’s quality, he couldn’t play the way Rafa wanted him too. I think his decision was fully justified, we had very good season and Rondon had a very decent season to boot

  • Moonraker15

    Nov 29, 2019 at 8:45 PM

    Comment #18

    Your so bloody predictable! If we didn’t know you better we would say you’re an optimist but actually you’re just an Ashley apologist and we have NO reason to be optimistic as long as he’s the owner! Yawn!

  • Moonraker15

    Nov 29, 2019 at 8:46 PM

    Comment #19

    Oh if only we had Mitrovich now!

  • Moonraker15

    Nov 29, 2019 at 8:55 PM

    Comment #20

    Mitro May well be a Championship player but he’s light years ahead of the comedy duo of Joelinton and Almirón who won’t score 10 goals between them this season! Clueless! £60 million!

  • jane

    Nov 29, 2019 at 8:59 PM

    Comment #21

    U23s drew 3-3. 2 for Allen.

  • jane

    Nov 29, 2019 at 9:14 PM

    Comment #22

    Swansea back in it from the aftermath of a free kick on the edge of the box. dangerous area to give them away 🙂


You must log in to post a comment.