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Originally Posted by adzii_nufc
Takeover update is a simple one.
Rumours that Mike Ashley requires any new owner to keep the current sports direct advertising is seemingly untrue and rather sensationalist journalism or better termed clickbait.
What we actually know is there are 4 groups. Peter Kenyon is the furthest along and is still progressing on a deal via an American legal team with the finances being raised by Rockefeller Capital. Understanding that he's awaiting the last £100 million to complete the purchase of the club.
Gary Cook is now leading a second group. Seemingly the same way he sold Man City years ago. Thought to be American based again.
There are two more groups that signed NDA's and virtually nothing is known about them.
Its worth noting that meeting the £300 million asking price doesn't automatically fulfill the requirements of sale. Mike Ashley has made it crystal clear that he won't sell the club unless a buyer has substantial evidence they can provide massive cash investment going forward. In other words he won't sell for a like for like owner.
So whilst Kenyon may drum up the £300 million required, he won't get any further unless he can provide future investment.
Sports Neglect banners have been appearing around Sports Direct and Tube stations in London with Newcastle United above them. Currently unaware on who's putting them there but one appeared on Ashley's house. I think Newcastle United fans are actually starting to assist in the damage to his brand.
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The sports direct advertising is a red herring it's peanuts to a firm to put that up and Gary Cook talked sheikh mansoor out of buying Newcastle to buy city iirc