Kenyon launches fresh takeover bid

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Peter Kenyon has launched a fresh £300million bid to take over Newcastle United, according to the Daily Mail.

The newspaper claim on their website that Kenyon has teamed up with Florida-based consortium, GACP Sports, and will offer £125million upfront to tempt Mike Ashley’s hand.

The Daily Mail report that Kenyon has produced a 46-page brochure with his plans for the Magpies, which includes a pledge to establish them in the top 10 Premier League sides.

Ashley is set to make a definitive response to the offer within 10 days, with Kenyon ready to spend £50million immediately to cover operational costs at St James’ Park.


Newcastle fans will no doubt be delighted at the prospect of Ashley finally leaving their club, but they will know not to get too excited until it is all done and dusted. Kenyon appears to be making many promises before he has even completed a deal which would see him become chief executive at St James’ Park, something which could come back to haunt him should the move not materialise. It was revealed by the Chronicle that Ashley made last-minute changes in his negotiations with the Bin Zayed Group over the summer despite them offering the desired £350million, so it wouldn’t be a surprise to see him change his mind during talks with Kenyon. The controversial owner can’t appear to make up his mind, and fans would be forgiven if they were to believe that he wasn’t as committed to selling the club as he first appeared. With Ashley’s answer set to come in the next 10 days, all that Newcastle fans can do is wait and cross their fingers in hope.

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