With talks of another takeover at St James’ Park, there was a sense of De Ja Vu at Newcastle United.
The Daily Mail released a report claiming that Peter Kenyon had launched a £300million offer to take charge of the Magpies with the aim to transform them into one of the top 10 clubs in England.
Kenyon has been joined by GACP Sports in the move, with the Bordeaux owners set to help with an upfront offer of £125million being placed in front of Mike Ashley.
The early signs show that not much would change should Kenyon take the reigns from Ashley, and it has been suggested that he held talks with many different parties before joining forces with GACP.
Kenyon has been reported by the Daily Mail to have tried to have persuaded the new Sunderland owners, the MSD partners, to help spearhead his takeover of the Magpies – something which failed to materialise.
This definitely suggests that Kenyon struggled to get potential investors on board to help spearhead his takeover of the Magpies, otherwise he would have had businessmen snapping his hands off to be involved in the move.
The report could highlight just how desperate Kenyon is for added funds, and that he would stop at no lengths to eventually complete a possible takeover.
The newspaper revealed that Kenyon held talks with a number of potential investors in America, which suggests he would be nothing without outside backing – not a good sign for Newcastle.
MSD must not have been impressed with the project at the Magpies, and the fact that they decided on Sunderland instead is a little embarrassing for all involved.
The Chronicle journalist Mark Douglas recently revealed that the current deal on the table is not enough to convince Ashley, with the brochure presented not exactly helping his cause.
Should the offer eventually be turned down, it could be the end of the road for Kenyon, as not many companies will want to cough up more than £300million for a club that is currently just outside the relegation zone.
Especially as Kenyon appears to have struggled to get an offer worth that much on the table in the first place.
So with that in mind, it does seem like Kenyon is destined to struggle with his bid to takeover Newcastle.
This article was originally posted here