Peter Kenyon is a ‘man with no money wanting to buy a football club’ according to a source that has now been in touch with Sky Sports News – showing how important it will be for him to find serious financial backing if his takeover bid is to be successful.
Sky Sports’ latest piece on the takeover front claims that Ashley has asked any prospective buyers to ‘prove they have the funds to take the club forward’.
This is probably standard procedure when it comes to a potential sale, however this highlights the importance of Kenyon finding suitable and significant financial backing.
Whilst Ashley does not appear to have the club’s best interests at heart, it seems he will only sell to someone he feels has clear
Here’s a snippet from Kaveh Solhekol’s piece for Sky Sports today, revealing what a ‘source’ had told them about Kenyon:
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”.
Sky’s piece also confirmed that Ashley has ‘challenged’ potential buyers to ‘show him the money’ – with him asking for proof of funds and ambition before he’ll consider any bids.
Interestingly, Sky’s piece also suggests that the club is ‘unlikely’ to be sold for anything less than £300m:
“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.”