The latest on Newcastle United’s takeover


Ashley, who bought Newcastle in 2007, has officially been looking to sell the club since October 2017.

The sportswear tycoon revealed on Monday evening that he was in talks with several potential purchasers 14 months after placing the Magpies on the market, and voiced his hope that a deal could be done within weeks.

The news follows the declaration from the embattled owner of the Premier League outfit that talks over a sale "are at a more progressed stage than they have ever been".

According to multiple outlets including The Telegraph, a consortium led by former Manchester United and Chelsea chief executive Peter Kenyon is in pole position to launch a takeover, and he has been speaking to investors in the USA for "several weeks".

Kenyon is reportedly working with American financial advisory firm, Rockefeller Capital Management over the purchase, though it is unknown if a firm bid has been made.

Richarlison celebrates scoring the equaliser
Richarlison celebrates scoring the equaliser

However, it is not just Kenyon's consortium that are interested in buying the club with parties from the Middle East also in talks with Ashley.

Ashley has been a deeply unpopular figure on Tyneside throughout his 11-and-a-half year ownership of the club and the St James Park faithful will be relieved to see the back of him. So that means I have nothing to say'.

He told The Chronicle in his press conference: "For us, we have experience of this. We have an important game to play and we have to focus on that", the Spaniard said.

Our plans are to look for the [transfer] targets.

"But for me, we carry on and thinking that Mike will be there, and we have to choose the right players for us".

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