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Discussion in 'Newcastle United' started by Somebodys pinched my sombrero, Sep 29, 2018.
Peter Kenyon trying to pull something together?
I don't care if someone barely scrapes enough money together to buy the club, because at least they honestly wouldn't have money to back a large investment. Just hits you when your owner gives the club **** all, but willingly chucks millions after a retail blackhole.
This would be good news for us if it happens. He knows his ducking stuff and if we can get shot of Ashley that would b amazing.
Sky sources: Former Manchester United and Chelsea chief Peter Kenyon plots Newcastle takeover
Peter Kenyon is working with advisers on a deal to buy the Magpies from Mike Ashley, Sky News can exclusively reveal.
By Mark Kleinman, City editor
Former Manchester United and Chelsea chief executive Peter Kenyon is plotting a takeover bid for Newcastle United that could end Mike Ashley's decade-long ownership of the Premier League club.
Sky News can reveal that Mr Kenyon has approached a number of potential financial backers in recent weeks about the idea of collaborating on a deal.
City sources said this weekend that he was working on a bid with Rockefeller Capital Management, a New York-based firm run by Greg Fleming, one of the most prominent figures on Wall Street from his time at Merrill Lynch and then Morgan Stanley's wealth and asset management divisions.
Mr Kenyon, who is now a director of a sports consultancy business called Opto Advisers, is said by potential investors to have held preliminary talks with Mr Ashley, the Sports Direct chief executive who bought Newcastle in 2007.
The value likely to be attached to Mr Kenyon's offer was unclear on Saturday.
If a bid from him was successful, Mr Kenyon would take a senior role in the running of the club, according to a source who has been told about his plans.
He is said to believe that there is a significant opportunity to expand Newcastle's commercial revenues, with the club enjoying a significant international following as well as a large and loyal support at St James' Park.
However, any takeover is far from guaranteed, and is partly dependent upon Mr Kenyon securing financing commitments from investors.
In the last few weeks, he has approached a number of private equity firms, high net worth individuals and family offices about backing an offer for Newcastle, although the status of those discussions was unclear this weekend.
Mr Kenyon has forged close ties with a number of Chinese investors in European football clubs, although it is not known whether any of the prospective funders of his bid for Newcastle United would be from the world's second-largest economy.
He remains a credible figure in the football world, having run two of the English game's most successful teams.
After leaving Chelsea in 2009, Mr Kenyon had a spell at the helm of the international sports division of Creative Artists Agency, the talent management group.
He resigned from CAA in 2011, since when he has played what associates describe as a behind-the-scenes role in a number of sizeable football deals.
Many Newcastle fans are desperate for a change of owner, having seen their team relegated twice during Mr Ashley's tenure.
Despite formally putting the club up for sale, however, there have been significant obstacles to a deal, including his reported £400m asking price for the club.
Mr Ashley, who recently orchestrated Sports Direct's £90m acquisition of House of Fraser within hours of it falling into administration, originally put Newcastle on the market last October, saying he hoped to find a buyer by Christmas.
Since then, he has held talks with several bidders, including Amanda Staveley, the City financier behind a vehicle called PCP Capital Partners.
Negotiations between Mr Ashley and PCP, which was said to have proposed a deal structured to be worth in the region of £300m including deferred payments, broke down earlier this year.
It is unclear whether the Sports Direct tycoon is engaged in talks with any other prospective buyers of the club.
Renewed speculation about the Magpies' future ownership comes amid talks about prospective takeovers of other prominent Premier League clubs.
Allisher Usmanov, the Ukrainian tycoon, recently sold his £600m stake in Arsenal to fellow shareholder Stan Kroenke, a deal which has triggered the club's delisting from a junior London stock exchange.
Meanwhile, Roman Abramovich, the Russian owner of Chelsea, has been exploring options for his shareholding following his withdrawal of an application to renew his investor visa.
PK - How much do you want Mike?
MA - £300 million
PK - OK, no problem
MA - Ah, i actually want £301 million
PK - No problem
MA - Actually its £302 million
PK - Err ........... OK £302 million it is.
MA - Its £303 million i want.
PK - **** off you time waster.
You missed the line
MA - Oh, and the £100M in the Bank account.
It’s fake news put out by Ashley’s cronies.
If i’m Wrong i’ll Cut my balls off with a spoon and fry them in a chip pan.
I think that's a given. He wants £400m one way or another - over the odds basically. He might as well sell it for a lower asking price and take the money in the coffers because we won't be getting it to spend on the team, or training facilities, ground maintenance, etc. The club is being sold in a shocking state of disrepair, mind (or is it?).
He can take the tea bags and the salt and pepper shakers for me ............................. as long as he ****s off.
same here . normal crap.
I would love to believe it had a chance of being reality, but it's all far too vague.
Potential investors? Wall Street? Really?
We all know what Ashley is like to negotiate with, and more to the point, why would he sell his cash cow now that it's really producing dividends for him?
It simply won't happen.
What reads likes a Sports Direct press release was transmitted by Sky Sports on Monday:
Newcastle owner Mike Ashley has challenged anyone wanting to buy the club to show him the money.
Ashley and his representatives have never publicly named their price for the club, but it is unlikely to be sold for less than £300m.
Sky Sports News understands that aside from purchasing the club, prospective buyers must also prove they have the funds to take the club forward.Former Manchester United and Chelsea chief executive Peter Kenyon is trying to put together a deal to buy Newcastle.
With clubs such as Manchester United valued at more than £3billion, the onus is on any prospective buyer to make their best offer.
On Saturday, Ashley watched a match at St James' Park for the first time in 16 months. He was abused by large sections of the crowd as Newcastle lost 2-0 to Leicester City.
Ashley has now watched two games in a row. His attendance is part of a strategy being driven by chief executive Lee Charnley to build bridges with fans, players and manager Rafael Benitez.
In another conciliatory move, Ashley is planning to take Benitez and his players to dinner this week. He wants to get everyone together to clear the air and address the problems at the club and demonstrate his support and commitment.
The dinner is not connected to the news of Kenyon's interest in buying the club.
One source told Sky Sports News that until Kenyon makes an offer, it is a case of "a man with no money wanting to buy a football club".
What if the perspective purchaser proves that he has the funds ................................ but says that he will keep them in the bank and starve the team, training academy and infrastructure of any sort of investment ......................... will that make him 'worthy of ownership' in the eyes of Ashley??
Just to make it even better
Professional experience has taught me to regard narratives advanced as defences to fraud allegations with a pinch or two of salt
More than likely, its a mud slinging exercise now
Any news from Rumour Control?
I have only about another twenty years left on this mortal coil, so it would be nice to have a glimmer of a chance of success before I go down and bother Old Nick.