Takeover update – NUFC reporter reveals good & bad news ahead of the Christmas break

The Chronicle’s Mark Douglas has shared mixed news on the takeover front, suggesting time is running out for a January deal – but stating that Kenyon is still keen to buy the club even if we were a Championship side come the summer. 

The bad news is that time appears to be running out for any possible takeover deal to be completed before January, with no breakthrough only a week before Christmas putting a January deal in dout – whilst there’s claims that Peter Kenyon hasn’t raised the required funds as of yet. Not only that, Premier League officials need to see a plan of long term funding before they can let any new owners close a deal – and the Chronicle claims that this process takes a few weeks alone. 

The good news is that it’s said Kenyon WILL remain interested in buying Newcastle even if the deal is not done by January. 

The report even states that he’d STILL hold an interest even if we were relegated at the end of the season. This is very positive as it shows Kenyon has a genuine interest in buying the club, and is not going to pull out of a deal should a deal fail to materialise by January – or if the unthinkable happened and we are relegated next May.

Further details about a how close an official bid is have been kept behind closed doors, with no one having concrete figures, but hopefully a deal can be sorted , even if it means biding our time and waiting until the summer. 



(Fancy writing for us? Send any articles/ideas over to us at [email protected] & we’ll get back to you!)

11 thoughts on “Takeover update – NUFC reporter reveals good & bad news ahead of the Christmas break

  1. If there is any truth in this takeover talk (which i highly doubt), I wonder what long term funding plan the FCB submitted to premier league officials before he bought the club? What a joke. Probably all his rich pals anyway who just said do what you like Mike, we do not care one bit what happens in the North East!

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  2. No body knows , so no news is good news I think .
    Hopefully mike will announce the sale soon and give us mags the perfect present .
    He will then buy another club maybe leeds but he will do due diligence , I believe that crippled his plans from the off with Newcastle .

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  3. Icedog:
    Do you have to repeating the same storey over and over

    I didn’t write this, but the fact Kenyon is still said to be interested even if A) it drags beyond January and into summer and B) if we got relegated are new details as far as a potential takeover is concerned.

    Obviously no one knows the exact truth, but we just share what different reporters are saying on it – especially when fans are so keen for an ‘update’ on any sort.

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  4. Olly , you can’t win mate, but don’t give up trying. Most of us don’t expect it to go through purely on the grounds that we’ve been here before – more than once.
    But that’s your job. You know damn well the day you don’t report it, the deal will happen! 😃
    It gives us something to argue about after all and we all love a good row. The law of averages etc and so forth and a broken watch blah blah blah.
    You keep reporting what you been hearing, well keep reading it whether we believe it or not. Not your fault the FCB is a habitual liar after all.
    It’s life Olly, just not as we know it…. Merry Christmas to you and all your readers and contributors.
    One day mate, one day…
    You’re not the only one

    Olly Hawkins:
    (Fancy writing for us? Send any articles/ideas over to us at [email protected] & we’ll get back to you!)
    Sponsored

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  5. Of course “Kenton” will be interested in a deal even if we go down, but Ashley won’t. Kenyon’s not going to offer 350 million quid for a championship side.

    Best case, if it’s not done by the end of January, a deal will be put in place to take ownership at the end of the season , providing we are safe. Both parties should be happy with that.

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  6. Season Ticket will be gone next year if the Fat Man is still there as will a lot more peoples Tickets be gone and I fear he will still be there it is all Smoke and Mirrors.

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  7. Bobbybee:
    Olly , you can’t win mate, but don’t give up trying. Most of us don’t expect it to go through purely on the grounds that we’ve been here before – more than once.
    But that’s your job. You know damn well the day you don’t report it, the deal will happen! 😃
    It gives us something to argue about after all and we all love a good row. The law of averages etc and so forth and a broken watch blah blah blah.
    You keep reporting what you been hearing, well keep reading it whether we believe it or not. Not your fault the FCB is a habitual liar after all.
    It’s life Olly, just not as we know it…. Merry Christmas to you and all your readers and contributors.
    One day mate, one day…
    You’re not the only one

    Thanks a lot mate, much appreciated!

    We literally share what’s in the papers, what journalists are saying on Twitter etc. etc. – we never claim to be in the know or anything silly like that.

    We just try and bring together all the ‘news’ and gossip and have our say on it.

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