The Sun claim that Peter Kenyon is now appealing in a bid to raise funds to purchase the club – offering a ‘minimum buy-in of just £1million’ as he becomes ‘desperate’ to complete a takeover.
Assuming this isn’t a PR stunt, it really is starting to concern me just how little cash he and his investors seem to have – with this latest story showing real signs of desperation (if true of course).
Here’s a snippet from the Sun’s latest piece, suggesting Kenyon is now desperate to raise funds:
DESPERATE Peter Kenyon is appealing to investors to back his Newcastle takeover attempt – by offering them a minimum buy-in of just £1million.
The ex-Manchester United and Chelsea chief executive is still searching for the £300m needed to complete his purchase of the Toon.
And SunSport has learned that Kenyon is so anxious he is now doing a whip-round of anyone able to cough up a seven-figure sum.
Even then, the British businessman would only be able to pay Toon owner Mike Ashley in instalments staggered over the rest of the year.
But Kenyon is buoyed by Ashley viewing him as the “best fit” to buy the club.
And he is determined to get a deal over the line by any means possible, having spent weeks looking over Newcastle’s books and working with lawyers.
Kenyon’s struggle to meet Ashley’s asking price, however, does raise doubts about his suitability for St James’ Park.
When Ashley put Newcastle up for sale in October 2017, he claimed a new owner must have the investment necessary to take the club to the “next level”.
The last few lines are telling. If Ashley wants someone to take the club to the next level (something I find hard to believe), then why is he deeming a man who’s struggling to meet his asking price (never mind invest after any purchase) as the ‘best fit’ to buy?
I’d have Kenyon over Ashley in a heartbeat, but the fact he and his investors backing the takeover bid seem so short on cash hardly bodes well for a fruitful future under Benitez?