New takeover ‘exclusive’ emerges – I want to believe it, but…

Another day. Another takeover exclusive, this time from The Shields Gazette – and I can’t say I’m convinced.

Here’s a snippet from their latest ‘exclusive’, claiming that the US firm behind Peter Kenyon’s ‘bid’ have opened a fresh company to act as a vehicle in their attempt to complete a takeover:

“The Gazette can reveal that DaGrosa’s US investment firm, who are working with former Manchester United and Chelsea chief Peter Kenyon, have within the last seven days progressed their bid by opening a fresh company GACP NEWCASTLE INVESTORS (U.S.), LLC out of Delaware. The incorporation date for this fresh venture was Tuesday, October 8.

“This follows on from the setting up of GACP NEWCASTLE MANAGEMENT (U.S) LLC and GACP NEWCASTLE PARTNERS (U.S), LLC. The former launched on September 27, 2019 with the latter set-up on October 1, 2019. Further to this ‘Newcastle Investors Ltd’ has been registered in the Cayman Islands, as well as ‘Newcastle Investors Ltd’ company name reserved on the Isle of Jersey company register.

“This marks the next step in the group’s Newcastle United bid, as outlined in their 46 page brochure circulated to press last month”.

In short, it’s no different from BZG setting up Monochrome Aquistions, or Amanda Staveley setting up Cantervale with Companies House. It’s simply a vehicle for potentially doing a deal faster.

It’s a tiresome situation for all and I genuinely feel for the local journalists who are frankly panned on social media for reporting anything to do with the “fakeover” as it’s becoming known as. Even they must think, “here we go again”.

It’s become more of a case of “once bitten twice as shy”, I don’t think there is even an idiom or expression for how many times we’ve had even a modicum of hope in our hearts and it’s all come to nothing.

All I know is that Mike Ashley won’t own us forever, but it feels like he’ll do his best to.

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