Sky Sports reveal details of Peter Kenyon’s takeover bid for NUFC – This could be great news

Some big breaking news has emerged from Sky Sports in the last few moments, claiming former Manchester United and Chelsea chief executive Peter Kenyon is ‘assembling a takeover bid’ to buy Newcastle United.

The story claims that Kenyon has now approached ‘a number of potential financial backers’ in the last few weeks, with him looking to collaborate in order to strike a deal with Mike Ashley.

Sky also state that he would take a ‘senior role in running the club’ if he was to be successful.

Here’s what Sky have had to say in the last few moments:

‘The 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.’

Considering he’s a man who has been involved at the top end of English football – with recent spells with Man Utd and Chelsea – this could be brilliant news for us; providing a potential offer can match Ashley’s asking price.

That being said, it is be best to take this with a pinch of salt for now, but Kenyon is credible – so it may all come down to Ashley’s willingness to sell.

Let’s see what happens, but for now, let’s hope for 3 points against Leicester today.

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About Olly Hawkins

Olly has been a Junior Magpie from birth. As a season ticket holder and avid Newcastle United fan - he eats, sleeps and breathes all things NUFC.

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