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Newcastle United Sale Update: Peter Kenyon a potential buyer?

The former Manchester United and Chelsea CEO is rumored to be building a group of investors to purchase the club.

Reading v Middlesbrough - Sky Bet Football League Championship Photo by Martin Willetts/Getty Images

No, it isn’t the Amanda Staveley dream purchase that we’re all hoping happens. It’s a completely different rumor in an almost completely different direction. Peter Kenyon, former Chief Executive Officer of Manchester United and Chelsea, is rumored to be interesting in purchasing Newcastle United, and is believed to be putting together a group of investors to make a bid.

It is unknown whether his interest is what spurred Mike Ashley to make what is a rare appearance at St. James Park at the club’s home match against Leicester City, but he is believed to be in contact with club ownership, ready to perhaps make the next step.

There is a lot that goes into the purchase of Newcastle United, as Ashley is looking for £350m, he is willing to lower the price to as low as £300m if it is upfront.

Do not write off these rumors. I don’t think this is just a case of Ashley leaking something to the press, and I don’t believe it’s the press making something out of nothing. Kenyon is an experienced figure in the Premier League, and his interest in club ownership has intensified over the past few years. Seeing as he is the man who made Manchester United into a billion dollar empire, and turned Chelsea into a financial powerhouse, if he manages to purchase Newcastle United, I think our best days are ahead of us.