Report outlines fresh twist in Peter Kenyon's attempted Newcastle takeover

Roger Taylor from Queen stands alongside former Chelsea Chief Executive Peter Kenyon

Newcastle United seem to be in disarray at the moment, both on and off the pitch.

Bruce Buck the chairman of Chelsea chats to Peter Kenyon on his last day of being the Chelsea Chief Executive | Location: Bolton, England, United Kingdom.

According to a report from the Sun, Peter Kenyon is getting desperate in his attempts to raise the £300 million needed to buy Newcastle, and is attempting to 'crowdfund' by appealing to potential investors with the opportunity of buying into the club for a minimum of £1 million.

Toon owner Mike Ashley has dug his heels in, and is reportedly not willing to drop his £300 million asking price - a fee that Kenyon and his consortium are struggling to match.


The Magpies' off-field troubles have been mirrored on the pitch, and with Rafa Benitez's side currently sitting in 15th spot in the Premier League table, just two points clear of the drop zone, their top flight safety is seriously under threat.

The Sun claims that Kenyon is not put off by that risk, however, and is still desperate to acquire the funds needed to complete a takeover at Newcastle.

Former Chief Executive Chelsea FC and Manchester United Peter Kenyon speaks during the Arabian Sponsorship Forum 2009 at the Emirates Palace on December 15, 2009 in Abu Dhabi, United Arab...

The British tabloid claims that Mike Ashley views Kenyon as the best fit to buy the club, but the former Manchester United and Chelsea Chief Executive would only be able to pay the current Newcastle owner in instalments, even if he is successful in his 'crowdfunding' attempts.

Whatever happens, something needs to be decided sooner rather than later, so the club can focus purely on playing football, and perhaps with no uncertainty in the background, the Toon can finally make strides to finally fulfil their massive potential.

Chelsea's Chief Executive Peter Kenyon at a press conference to announce another three extension to their Sponsorship,held at Chelsea FC Training ground on July 15, 2009 in Cobham, Surrey.

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