Peter Kenyon’s bid to buy Newcastle is not over, and he has contacted Mike Ashley personally with a promise to resume negotiations this month. It was thought that the consortium led by Kenyon had given up on the deal, having failed to find the £300million funding required to tempt Newcastle’s owner to sell. Yet what also emerges from Kenyon’s letter is that negotiations are long-standing and he remains Ashley’s preferred bidder. While not yet at an exclusivity stage, Kenyon certainly appears to have progressed further than a previous suitor, Amanda Staveley, whose takeover Ashley ultimately dismissed as ‘a waste of time’. In contrast, Kenyon writes: ‘I am delighted you think the investor group led by myself is the best fit.

Source: Daily Mail January 04, 2019 21:56 UTC