After claims today that Peter Kenyon is now appealing to investors to put as little as £1m into the mix to help him raise takeover funds, I am really starting to question if he is capable of taking on Newcastle United.
Obviously he’d upgrade on Ashley, but he and his current investors sound desperately low on cash, making me wonder how on earth he’d be able to back Benitez IF he did find the funds to complete a takeover in the first place.
It makes depressing reading for Newcastle fans – as the last thing we want is to finally get rid of Mike Ashley, only to be left scraping round the bargain basement for players still. A new owner who lacks funds wouldn’t help us progress or keep Rafa Benitez at the club. The reality is we need big scale investment to just compete after years of neglect, not just in the transfer market but the ground and academy too.
Of course, in reality there is always going to be compromise with any new owner – many rightly question the ethics of mega rich Manchester City for example, and we certainly can’t be picky. But to make a real impact and use of having Benitez at the club, we need some cash flow from new owners and the idea of effectively crowd-funding to buy the club, is alarming to say the least.
That all being said, even spending what the club earns would be a good start form any new owner, rather than the profit making exercise Ashley has Newcastle at. It will be interesting to see where we are on January 29th, when we host Manchester City. It could be pivotal for Ashley and boycotts if we have no progress on the takeover or new signings by then, which being totally honest, looks unlikely now on both fronts.
One of these days us Newcastle fans will wake up to good news for once, surely…