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TT Introduces: Peter Kenyon as the man to end Newcastle’s financial woes

TT Introduces: Peter Kenyon as the man to end Newcastle’s financial woes

If you haven’t heard by now, the Magpies could be nearing a takeover in the next few weeks, and it would be the best belated Christmas present for the Geordies if Peter Kenyon’s consortium bought Newcastle United from Mike Ashley.

Whilst Peter Kenyon may not be a name that many are familiar with, the ex-Manchester United and Chelsea chief executive has a history of spending a lot of money and the fact that he’s got the financial backing to try and buy Newcastle United is exciting for the Magpies, especially seeing as this article from The Telegraph claims he’s set to make himself chief executive at the club, removing Mike Ashley and Lee Charnley in one fell swoop.

Kenyon was the man at Manchester United who persuaded Sir Alex Ferguson to stay on after the Scot initially considered his retirement in 2002. He then went on to become the man to smash the rigid wage structure at Old Trafford and helped to splash the cash on big money moves for Juan Sebastien Veron and Rio Ferdinand, and that will be music to the ears of the Geordies.

The fact that Newcastle United’s top two record signings are Michael Owen and Alan Shearer speaks volumes about how poorly Ashley has run the club. Shearer signed at St James Park in 1996 whilst Owen joined in 2006, making it 13 years since they broke their transfer record. In contrast, the longest any other Premier League club has been waiting since their last record signing is just five years, seeing ar Cardiff signed Gary Medel back in 2013.

That stat alone is enough to make you wonder what Ashley has been doing at the club, and the answer is not very much. The Sports Direct owner has been a plague on Newcastle United, sucking out the money and the excitement and leaving the fans to rot. However if Peter Kenyon came in with the money behind him, he could turn the club around and put them back where they belong.

If Kenyon made himself the chief executive at the club then only could things would happen. He’s been incredibly successful with both Manchester United and Chelsea, and if he could bring one-tenth of the on-field success that he managed with the two Premier League giants to Newcastle then he would go down as a hero in the North East.

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