Takeover update - NUFC reporter reveals good & bad news ahead of the Christmas break
The Chronicle's Mark Douglas has shared mixed news on the takeover front, suggesting time is running out for a January deal - but stating that Kenyon is still keen to buy the club even if we were a Championship side come the summer.
The bad news is that time appears to be running out for any possible takeover deal to be completed before January, with no breakthrough only a week before Christmas putting a January deal in dout - whilst there's claims that Peter Kenyon hasn't raised the required funds as of yet. Not only that, Premier League officials need to see a plan of long term funding before they can let any new owners close a deal - and the Chronicle claims that this process takes a few weeks alone.
The good news is that it's said Kenyon WILL remain interested in buying Newcastle even if the deal is not done by January.
The report even states that he'd STILL hold an interest even if we were relegated at the end of the season. This is very positive as it shows Kenyon has a genuine interest in buying the club, and is not going to pull out of a deal should a deal fail to materialise by January - or if the unthinkable happened and we are relegated next May.
Further details about a how close an official bid is have been kept behind closed doors, with no one having concrete figures, but hopefully a deal can be sorted , even if it means biding our time and waiting until the summer.
