Newcastle United takeover: Peter Kenyon launches fresh bid
Newcastle play Leicester on Sunday, live on Sky Sports
By Sky Sports News
Last Updated: 27/09/19 10:50am
Peter Kenyon has launched a new bid to buy Newcastle United from Mike Ashley.
Kenyon's new American investment fund GACP Sports, which also owns French club Bordeaux, is attempting to put together a package of around £300m, paid in instalments over three years.
The former Chelsea and Manchester United chief executive attempted a takeover of Newcastle with another consortium last year but could not raise the necessary funds.
A 46-page brochure detailing their plans for the club has been sent out to potential investors.
Like anything with Newcastle, it needs to be attractive enough for Ashley to sell.
In the last two years Amanda Staveley's PCP Partners, Dubai-based Bin Zayed Group and Kenyon have tried and failed to provide the funds Ashley is looking for to end his 12-year tenure at St James' Park.
It is understood Ashley was looking for £350m for Newcastle last season.
Newcastle's board have faced criticism by former manager Rafa Benitez, who cited "years of unfulfilled promises" from the club's hierarchy when he left in the summer.
Steve Bruce succeeded Benitez, despite discontent from many Newcastle supporters, and has so far led the club to just one Premier League win.
Newcastle are one point outside the relegation zone and play Leicester on Sunday, live on Sky Sports Premier League.
Bruce was asked about a potential takeover in his pre-match news conference on Friday but said he knew nothing about the development, insisting his focus is the football.
"It's news to me," he said. "It's not something I can comment on. I was informed something was breaking last night.
"You're asking the wrong person. The only thing I can influence is how we play on a Saturday or a Sunday.
"You have to get used to it. It's happened to me before. With this club, in particular, there's always speculation surrounding it and it's never happened. Let's watch this space."