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Mike Ashley yet to be shown bidder has money as deal to buy Newcastle United looking doubtful – Report

2 years ago

Mike Ashley sparked things off on Monday night with his Sky News interview.

The Newcastle United owner doing an interview following an appearance in front of a House of Commons Select Committee.

At length he spoke to Sky News about the problems with the ‘High Street’, then it appeared to be a bit of an on the spot thing, when adding at the end that he was supposedly close to selling Newcastle United and it could possibly happen before January.

Newcastle fans were naturally sceptical after hearing this all so many times before and now a new report appears to back up that scepticism.

Ashley indicated there were/are supposedly a number of different bidders and indeed the media have been briefed (no doubt by Ashley’s people) that four different potential buyers have all met the asking price. Yet the only person/group the media have put a name to is Peter Kenyon, who was first linked three months ago with NUFC.

The newspapers have all reported Peter Kenyon as having been given access to the club’s financial information/books but now things have taken a backward step.

The Mail are now reporting that Mike Ashley has not even been shown by Peter Kenyon that his bid/bidders have proof of funds, with Ashley now not sure whether they have the money to do any potential deal.

It makes a mockery of Mike Ashley’s claims on Monday that a deal could be completed in December.

Indeed he (Ashley) did appear to be largely making it up as he went along on Monday night because Mike Ashley then even admitted he wasn’t even in exclusive talks with any one party, if they actually exist…

Even if you believe that anything Mike Ashley has said is actually true, then there is not even a deal agreed as yet and according to The Mail, nobody has even shown they have the money to do a possible deal.

All of that would need to be done and agreed before you would get to doing due diligence, then once all that happens, the Premier League checks/review takes a number of weeks just on its own.

Even if a deal is potentially possible, we look a long long way away from anything being completed, so at the very least, Mike Ashley’s claim a deal could be completed this month looks like pure fiction.


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