'Man City supremo' now bidding to complete £300m takeover - & he knows Mike Ashley - Report
According to the Sun's north-east reporter David Coverdale, ex-Man City CEO Garry Cook is now fronting an American consortium bidding to buy Newcastle United.
The finer details of the group he is backing are not made known, however it seems that Peter Kenyon know has competition as far as a potential takeover is concerned.
The 'exclusive' story states that the Cook has strong business links from his time with Manchester City and Nike, with him said to have 'put a team together' in a bid to buy the club from Mike Ashley - a man he's said to know due to his experience in the sportswear world.
Here's a snippet from the Sun's piece:
DEAL-MAKER Garry Cook is behind one of the groups bidding to take over at Newcastle.
The former Manchester City supremo has put a team together to join the race to buy out owner Mike Ashley.
Cook has already played a major role in the takeover at Wigan and has now moved on to this project.
Who is funding the Cook group’s approach is unknown, but they are believed to be from the United States.
Cook has strong business links there from his time at Nike and with a major e-sports group.
He knows Ashley from his years in football and the sportswear world, so he has an ‘in’ with the man who is now willing to sell the Magpies.
Given doubts have emerged surrounding Kenyon's ability to raise the £300m, it is promising to hear another bidder is keen - however time really is starting to run out if we want a January sale.
Like Kenyon, Cook is somewhat of a football man - having worked as a CEO for Manchester City between 2008 and 2011 - so that combined with a wealthy consortium could be the sort of combination we're looking for.
