Takeover update – Club reporter reveals good & bad news on £300m Kenyon deal

According to the Northern Echo’s Scott Wilson, both Mike Ashley and Peter Kenyon are ‘hopeful’ that a takeover will go through – however hopes of it being concluded before the end of the year are ‘receding fast’. 

The story highlights that neither Kenyon – nor any other interested party – have entered into a period of ‘exclusivity’ as of yet, meaning they are facing a race against time to seal a deal in time for the January window. 

Sounds familiar, doesn’t it? It’s positive to hear that both parties are said to be pushing for a deal before the new year, but time is ticking. 

Here’s a snippet from the Northern Echo’s piece:

‘Ashley remains hopeful that a takeover deal could be agreed before the end of the year, with former Manchester United and Chelsea chief executive Peter Kenyon still in pole position to complete a buyout.

‘Kenyon has been working with New York-based financial consultancy, Rockefeller Management, to raise the funds required to meet Ashley’s £300m asking price, and is understood to be hopeful of completing a deal.

‘However, with neither Kenyon nor any of the other interested parties having entered into a period of exclusivity, hopes of a takeover being concluded before the end of the year are receding fast.’

Unfortunately, our results against Wolves won’t have helped matters, however it now really does come down to Ashley’s willingness to sell – and Kenyon’s willingness to pay up. 

For the sake of us fans, Rafa, our January plans and our push towards safety in the second half of the season, let’s hope a deal can be completed in time.

Ashley will be facing one hell of a backlash if he manages to mess this one up – especially after a boycott was cancelled to give him and Kenyon a clear run at completing. 

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

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.

6 thoughts on “Takeover update – Club reporter reveals good & bad news on £300m Kenyon deal

  1. zzzzzzzzzzzzzzzzzzzzzzzz

    all those reliable sources yet not one person can give any other name other than Kenyon and not one reporter can give a genuine quote from Kenyon

    and so we get this rubbish trotted out every day

    a little tip when you say reliable reporter as you do in many of your articles can you please not just quote ryder or douglas who think being a journalist is writing what they have read on the internet

    merry Christmas


  2. The story highlights that Kenyon – nor any other interested party – have entered into a period of ‘exclusivity’ as of yet,

    I think there’s a “neither” missing there somewhere


  3. Bet Ashley is quaking in his boots if there’s a backlash

    I’m a Toon Fan and Season Ticket holder since 1984, but the Toon Army are pathetic, get behind the protests and get the FCB out, doing nothing is not an option!!!!


  4. Same old crap time and time again he doesn’t want to sell unless he gets an enormous profit, which any decent business man is not going to give, protests should not of stopped, the old guard of supporters would of rid this virus from our club by any means possible, unfortunately they were sold down the river by Sir John Hall and his cronies, it’s a diabolical disgrace how a great club like nufc now finds the situation it’s in


  5. Scott Wilson of the Northern Echo. Finger on the pulse and a unique insight into football club purchases and buyers? Of course F’n not!
    Olly once again regurgitating click-bait, because no one knows anything for a fact.


  6. When you take a look I think Ashley is getting a better deal than most people think! I don’t think anyone has thought about the big chunk of land that came when Ashley bought NUFC and he has taken as his own to build on taking away the chance for any future owner to expand SJP!


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