Sky Sports reporter claims £300m Kenyon bid ‘ticks a lot of boxes’ – but highlights one big issue

Sky Sports’ Keith Downie has weighed in on the takeover debate after new Peter Kenyon claims emerged last night, and he’s offered a very mixed assessment of it all.

As Sky’s North-East reporter highlights below, he believes the price (£300m), the advertising (keeping Sports Direct signs in place until the payments are completed), the instalments (paying the £300m fee over ‘three years’) and Peter Kenyon – the NUFC owner’s ‘preferred bidder’ – help ‘tick a lot of boxes’ for Mike Ashley.

That said, Downie has his concerns, questioning why Kenyon and co. have leaked their 46-page brochure – which details their plans for the club and the deal itself – before any bid has been accepted?

After what’s gone on over the past few years with Staveley, Kenyon and the infamous Bin Zayed Group, I think most Newcastle fans would struggle to even believe the most watertight of takeover stories – so I can’t see too many buying into this one.

The brochure is poor and outdated, appearing to be written by someone who barely understands English never mind football and I have my doubts about Ashley’s willingness to accept £300m across three years.

Kenyon may be a friend of Ashley’s and keen to buy the club, but this strikes me as a last ditch attempt to find more investors – not his big move to complete a takeover.

I hope I’m proved wrong, but I’m not buying this one based on the information that’s been leaked so far – not that we can rely on any of that after what was reported just a few months ago.

(Fancy writing for us? Get in touch at NUFCblogsubmissions@gmail.com & 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.

3 thoughts on “Sky Sports reporter claims £300m Kenyon bid ‘ticks a lot of boxes’ – but highlights one big issue

  1. Mmm…their business model …50m immeadiate investment for day to day running, set up a scouting team to identify up and coming players to sell on at a profit. Sounds like Ashley!

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