Newcastle takeover latest: Former Chelsea and Manchester United chief executive Peter Kenyon in fresh £300million bid to buy Magpies

Former Chelsea and Manchester United chief executive Peter Kenyon has launched a fresh bid to buy Newcastle United.


Kenyon failed with a takeover attempt last year as part of a consortium, but his new investment fund, GACP Sports, are now keen on the club and hope to put together a package worth around £300million.
GACP Sports hope to pay this £300m in instalments over three years, Sky Sports report.
Kenyon is not alone in failing to buy
Newcastle from Mike Ashley in the past two years, with Amanda Staveley and the Bin Zayed Group both seeing separate takeover bids collapse.
Mike Ashley is widely disliked by many, many Newcastle supporters
Ashley is understood to have been demanding around £350m for the St James’ Park club last season.
There is little backing for Sports Direct founder Ashley among the Newcastle support, 12 years on from his purchase of the club.
He has come under increased pressure over recent years due to his unwillingness to sell Newcastle despite allegedly wanting rid of the club, and also for various footballing decisions, such as failing to keep manager Rafa Benitez and replacing him with Steve Bruce.
Ashley first became majority shareholder of Newcastle in May 2007, and two months later completed his 100 per cent acquisition of the club.



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