Sunday 30 September 2018

Peter Kenyon makes first moves in plan to launch Newcastle takeover

• Former Manchester Utd and Chelsea CEO has talks with Ashley
• Kenyon attempting to form consortium capable of buying club

Peter Kenyon is attempting to form a consortium capable of buying Newcastle from Mike Ashley. The former Manchester United and Chelsea chief executive is now a director of Opto Advisers, a sports consultancy business, and is believed to have held outline preliminary talks with Ashley.

Although Kenyon is reported to be negotiating with, among others, the New York company Rockefeller Management, things are at an extremely early stage. Moreover, the football club takeovers that do go through tend to be handled extremely discreetly, with Abu Dhabi’s deal to purchase Manchester City perhaps the best example. When takeover stories are leaked, as details of Kenyon’s bid have been, it is often either an attempt to smoke out interested investors or a highly effective way of generating publicity.

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from Football | The Guardian https://ift.tt/2OXYJI8

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