Date: 11th January 2019 at 3:00pm
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Peter Kenyon has been offering investors a minimum buy-in of £1million in a bid to help his Newcastle takeover attempt, according to the Sun.

The newspaper reports on their website that Kenyon is desperate to find the £300million required to purchase the club – which means he has resorted to asking for people to chip in with sums of £1million or more.

Kenyon would only be able to pay Mike Ashley the sought-after sum in parts over the course of this year, but the owner still thinks that Kenyon is the man to take Newcastle forward despite this twist.

OPINION

Wow – Kenyon really is desperate to take the club off Ashley’s hands if this report is anything to go by. The fact he has asking people to chip in with seven-figure sums shows just how keen he is to make up the £300 million required to purchase the club. However, if Kenyon is struggling to meet this price – how on earth is he going to fund the transfers of players? Fans will no doubt be wanting a new owner who is not stingy when it comes to their cash, but by the sounds of it, there does not look like there is much of it. The supporters have already undergone an ordeal with Ashley and his inability to provide the relevant funds – the last thing they want is an owner who does not want much money. However, it is no good speculating about what sort of money Kenyon would be able to provide if he did take over the club. The most important thing now is to get a deal over the line – as fans are no doubt growing tired of Ashley.