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Report – GACP Sports Reach Agreement For Bordeaux Departure


Get French Football News are reporting that Joseph DaGrosa and GACP have reached an agreement to be bought out by King Street Capital for their shares in Bordeaux. This would presumably further open the door for DaGrosa and Peter Kenyon to concentrate on trying to bridge the gap with Mike Ashley for a Newcastle takeover.

The Chronicle are reporting that DaGrosa has told people that his interest in Newcastle remains active. They also claim he has met Justin Barnes, who is an advisor to Mike Ashley.

The amount of money that GACP would receive from being bought out is likely not a lot as they had just a 13% stake in the Ligue 1 club. However, it does free Joseph DaGrosa to give it his best shot at getting the funds together to reach an agreement with Ashley.

We assume that will be his aim with the news that an agreement to sell his shares in Bordeaux seems almost inevitable. DaGrosa is likely to still want to own a football club despite the turmoil he experienced in France.

This is what he said about a year ago after being part of the Bordeaux takeover:

“Sports have always been on our company’s radar and this is a league that has enormous potential.

“You can buy a Major League Baseball team which costs $1bn and is in a death spiral or, for a fraction of the price, own a storied club in Europe that’s going to continue to grow and ultimately realize its value down the road.”

A club like Newcastle could have unlimited potential in the right hands. Certainly much more than Bordeaux.

We are currently only held back by our owner. That is also likely to be a massive obstacle for any potential buyer of the club as Mike Ashley will only sell on his terms.

We don’t think this latest news changes things too much on the takeover front. However, there seems to be a genuine interest, which we suppose is something to cling to.


52 comments so far

  • ronaldo aarons

    Dec 16, 2019 at 7:24 PM

    Comment #1

    Just in time for the January takeover rumours! 🙂

    19
  • Jib

    Dec 16, 2019 at 7:25 PM

    Comment #2

    Surely no coincidence that Da Grosa did some company
    housekeeping last week

    https://beta.companieshouse.gov.uk/company/11321638/filing-history

    0
  • ronaldo aarons

    Dec 16, 2019 at 7:26 PM

    Comment #3

    Jane
    Ashley said himself in that ‘interview’ that he offered Rafa to pay £20m towards joelinton and the other £20m to come out of transfer budget.

    What’s a transfer budget you ask? God knows! I hear other clubs have them though.

    7
  • ronaldo aarons

    Dec 16, 2019 at 7:29 PM

    Comment #4

    Off topic but arsenal going for arteta. Can’t help but laugh. My dad is an arsenal fan and he’s disappointed but not surprised.
    Funny if ancelotti ends up at Everton and arsenal get arteta.

    1
  • Ron Knee

    Dec 16, 2019 at 7:30 PM

    Comment #5

    (Frédéric) Longuepée = Longsword

    1
  • Jib

    Dec 16, 2019 at 7:36 PM

    Comment #6

    I know a few Toffees , and they have
    come to terms with the return of Moyes

    0
  • Moonraker15

    Dec 16, 2019 at 7:41 PM

    Comment #7

    Jib
    Re my post earlier questioning why Bowen would join us and your reply “money” .
    He would get more at Leicester, especially with bonuses, you idiot!

    9
  • Jib

    Dec 16, 2019 at 7:47 PM

    Comment #8

    Well we should offer more
    sorry for being an idiot

    3
  • lesh

    Dec 16, 2019 at 7:48 PM

    Comment #9

    Jiblets

    Da Grosa did some company housekeeping last week? So what’s been done that might be of interest?

    2
  • lesh

    Dec 16, 2019 at 7:50 PM

    Comment #10

    Jib

    @8, there’s really no need for an apology.

    🙂

    2
  • Jib

    Dec 16, 2019 at 7:52 PM

    Comment #11

    lesh
    Who said it was anything of interest ?
    my words were – surely no coincidence ?

    Is English your first language ?

    2
  • Reilly

    Dec 16, 2019 at 7:53 PM

    Comment #12

    Cans.

    2
  • Jib

    Dec 16, 2019 at 7:55 PM

    Comment #13

    Bottles

    0
  • Jib

    Dec 16, 2019 at 7:57 PM

    Comment #14

    This seems OK

    0
  • Jib

    Dec 16, 2019 at 7:58 PM

    Comment #15
  • Moonraker15

    Dec 16, 2019 at 7:59 PM

    Comment #16

    Jib
    Apologies for calling you an idiot, which was out of order!
    My apology is a result of your earlier admission that Ashley is totally the wrong type of owner for a club like Newcastle!
    Why though do you regularly support his actions?

    2
  • toon22

    Dec 16, 2019 at 8:03 PM

    Comment #17

    Thought we had already had this years fakeover with the Mexican guy
    Are we in for a treat this years with a rare “double fakeover” ?

    Its never Jabbas fault

    8
  • Jib

    Dec 16, 2019 at 8:03 PM

    Comment #18

    I DON’T FFS
    but some of the criticism is patently assinine
    and invalidates genuine criticism

    5
  • Jib

    Dec 16, 2019 at 8:04 PM

    Comment #19

    Just to prove my point
    toon22
    (the blog village idiot) jumps out of the woodwork

    6
  • Moonraker15

    Dec 16, 2019 at 8:07 PM

    Comment #20

    Is the Strawberry Lane development issue now nailed on, anyone know?
    Only Ashley as an owner would have sold that land for such a relatively small amount of money!

    3
  • Moonraker15

    Dec 16, 2019 at 8:11 PM

    Comment #21

    Jib
    To be honest the way Ashley is running our club into the ground, no criticism is off limits as long as it’s legal. 13 wasted years as Ashley’s fckin advertising hoarding!

    11
  • Jib

    Dec 16, 2019 at 8:14 PM

    Comment #22

    WE KNOW
    ASHLEY IS A TOSSER
    BUT THIS IS A BLOG
    (A forum for ALL things NUFC)
    some ( a lot ) only seem able to slag
    off the ownership and offer nowt else

    9
  • Moonraker15

    Dec 16, 2019 at 8:15 PM

    Comment #23

    As Ashley quite obviously hates the fans and the club, why I wonder doesn’t he try to get a deal to get his money back and the new owners let him keep his cheap advertising boards up for a certain period, say 5 years as he only wants the club for SD promotion ?

    2
  • ronaldo aarons

    Dec 16, 2019 at 8:17 PM

    Comment #24

    Jib
    Your Everton mates can relax about moyes, ancelotti agreed in principle.

    2
  • Moonraker15

    Dec 16, 2019 at 8:18 PM

    Comment #25

    We’ve got so many positives, some very good players and the best fans in the league if not the world. We need to reach our potential and that’s what Ashley is stopping!

    3
  • Jib

    Dec 16, 2019 at 8:22 PM

    Comment #26

    ronaldo Aarons
    Phew !!!!

    0
  • Ron Knee

    Dec 16, 2019 at 8:33 PM

    Comment #27

    Dire 45 minutes.

    0
  • Jib

    Dec 16, 2019 at 8:34 PM

    Comment #28

    First half at Palace
    45 minutes out of my life I won’t get back

    0
  • Moonraker15

    Dec 16, 2019 at 8:34 PM

    Comment #29

    Arsenal talking to Arteta, whilst Everton get Ancelotti!
    Good luck to Arteta but he has got a BIG, I would say impossible job there!
    Everton on there way now; Ancelotti doesn’t do failure!

    0
  • Jib

    Dec 16, 2019 at 8:35 PM

    Comment #30

    Ron
    maybe the cuptie should have been the choice

    1
  • Jib

    Dec 16, 2019 at 8:37 PM

    Comment #31

    Rochdale wining by a goal away to Boston
    Peter Crook 4th minute own goal

    0
  • Big Bruce Stars.

    Dec 16, 2019 at 8:39 PM

    Comment #32

    Hang on a minute – so now season ticket holders are getting their freebies but the seats aren’t going to have someone sitting in them because either they can’t or won’t give them away? So those who still attend games can’t give them to anyone they know because they don’t want to watch the Big Bruce Stars brand of football, or the fiendish boycotting season ticket holders are bagging them to guarantee extra boycotted seats? Ha ha ha er…. Hold the phone – wasn’t this Ashley’s death blow that defeated the protesters? Now he’s going to claim 51k attendance and hope the sky cameras pan quickly past the swathes of empty grey seats and scan FraserCorp ads all game?

    Oh dear. That’s awkward

    😀

    8
  • JohnReese

    Dec 16, 2019 at 8:40 PM

    Comment #33

    Ancelotti is the completely wrong manager for Everton. Such an Everton thing to do actually. Give it 12 months at most before they’re back in the exact same position.

    1
  • Jib

    Dec 16, 2019 at 8:43 PM

    Comment #35

    JohnReese
    Not sure you are right
    They are leaving Goodison soon
    for a nice new shiny stadium
    Moving up to another level methinks

    0
  • jane

    Dec 16, 2019 at 8:47 PM

    Comment #36

    ah yes you’re right it was the Ashley interview.

    “So we had another few weeks of correspondence and then it wasn’t just his deal, it was that he thought the £40m for Joelinton wasn’t worth it. It’s too much and the club shouldn’t spend it.

    “So here’s the deal. I’ll pay £20m of it personally.

    “Nothing to do with the club. Above and beyond the budget.

    “Rafa valued him at £20m.

    “So that’s what would come out of the club budget. The rest, £23m – I’ll pay.”

    https://www.chroniclelive.co.uk/sport/football/football-news/mike-ashley-makes-fresh-transfer-16654834

    0
  • RobLeenio

    Dec 16, 2019 at 8:49 PM

    Comment #37

    Boston now drawing with Rochdale. I grew up just down the road, 35 miles away, about the same distance as my gaff to Cullercoats.

    I’d love for Boston to win and host us in the next round, but Rochdale is the easier trip for our fans.

    1
  • JohnReese

    Dec 16, 2019 at 8:49 PM

    Comment #38

    Jib. Nothing to do with moving up to another level for me, don’t get me wrong Ancelotti is a superb manager, however he isn’t the man to go in and turn around an underperforming, dysfunctional team. It’s simply not something he’s ever done and his last couple of jobs have both ended in failure.

    1
  • RobLeenio

    Dec 16, 2019 at 8:49 PM

    Comment #39

    My gaff to Hexham, I meant – jeez I don’t post for two days and come out with that!

    0
  • jane

    Dec 16, 2019 at 8:49 PM

    Comment #40

    “They are leaving Goodison soon”

    “The stadium is proposed to be opened in time for the start of the 2023/24 season.”

    https://en.wikipedia.org/wiki/Bramley-Moore_Dock_Stadium

    0

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