Mark Douglas reveals where Newcastle takeover bid from Kenyon currently stands

By | 12th October 2019
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Mark Douglas has revealed that Newcastle United are yet to re-enter talks with Peter Kenyon over a potential takeover of the club. 

The Chronicle journalist shared that, despite promises from sources close to Kenyon admitting he was interested in completing a deal, he was yet to engage in talks with Mike Ashley again.

Douglas admitted that despite many other European parties being interested in the Magpies, none are ready to meet the asking price set by Ashley, and have fears regarding the club being relegated from the Premier League this season.

“A fortnight on from promises from sources close to Peter Kenyon that he was back in the running to buy out Newcastle United, the club are yet to engage in any new talks with the would-be Magpies owner,” he wrote.



Kenyon was first reported by the Daily Mail to have been spearheading a £300million takeover bid for Newcastle in September.

OPINION

There is no real surprise here, with Ashley looking like he is never going to sell the club as time continues. The controversial owner continues to ruffle feathers in the North East, and supporter groups continue to voice their concerns over his reign. The boycotts are continuing and Ashley needs to get the message and finally move on. The initial report sounds like good news, with numerous parties suggested to be interested in making a move. With talks failing to continue between Kenyon and the club, it seems unlikely that the fans will get their wish in the near future with fears surrounding the club’s Premier League status and the price – just some of the things that Ashley will need to make assurances over to secure a new owner for the club. With Kenyon yet to re-enter talks despite the promises being made by close sources, it appears unlikely that anything is set to change any time soon.

This post written by Mark Smith originally appeared on Nothing but Newcastle. Read the full post here.

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