Latest News

‘Seriously wealthy’ businessmen interested in Newcastle takeover

‘Seriously wealthy’ businessmen interested in Newcastle takeover

Talk of a potential takeover continue to surround the news stories at Newcastle United and it appears another group of investors could be prepared to open discussions.

According to a report by The Daily Mail, a group of American investors are considering a move on whether to buy the Magpies.

It is understood that they can meet Mike Ashley’s valuation of £300million for the club and have been described as ‘seriously wealthy’, and are ready to rival an offer made by the consortium led by Peter Kenyon.

According to a source, the Daily Mail stated: “We are talking seriously wealthy people.

“They have the funding and see the potential.

“They see a sleeping giant and feel they cannot only have a real go at providing the success the fans crave but also take Newcastle to the next level globally.”

However, as with everything at Newcastle these days, the group of US businessmen do also have their concerns about a possible deal.

It is understood that the club’s current Premier League position could be a real problem, and should the threat of relegation start to become real, then they could pull out.

The Verdict:

There has been so much takeover talk in the past at Newcastle United that it is starting to become difficult for anyone to get excited about it.

The fans clearly want Ashley to sell up and leave, but unless his valuation of the club is met, it does not appear as though he is going anywhere.

The news that the investors feel that they can take the club to a global level will be exciting for fans to hear, however, things need to get better now for that to happen.

Although the US businessmen have the funding to make an offer, Newcastle’s football on the pitch will need to seriously improve, as they do look a side that could go down to the Championship this season, which will likely be a deal breaker for anyone.

Newcastle fans – thoughts?

Like what the TT have on offer? Sign up for more notifications!
To Top