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Report offers encouraging update for Newcastle fans on Peter Kenyon’s takeover plans

Chelsea's Chief Executive Peter Kenyon adresses the media at Chelsea FC Training ground on July 15, 2009 in Cobham, Surrey. (Chelsea FC/Getty Images)
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Peter Kenyon could be lining up a move for Newcastle United.

Chelsea's Chief Executive Peter Kenyon adresses the media at Chelsea FC Training ground on July 15, 2009 in Cobham, Surrey.

According to The Northern Echo, Peter Kenyon has interest from two parties in forming a bid to take over Newcastle United – and is focusing on the Unites States for investment.

The Magpies have noticeably regressed in more than 10 years under Mike Ashley’s reign, and fans have been far from happy with his ownership of the club.

With two Premier League relegations under his ownership and a complete lack of backing to manager Rafael Benitez, Newcastle fans have been desperate to get shut of Ashley.

Last year, he did put the club up for sale, but a deal couldn’t be reached with Amanda Staveley at the beginning of the year, and there has been little interest since.

However, reports over the last week have suggested that Peter Kenyon is interested in a takeover, but doesn’t have the money to buy the club himself, and must find a partner to invest with.

Now, The Northern Echo report that Kenyon is targeting investment from the United States rather than the Middle East, believing there will be more interest across the pond.

Owner of Sports Direct and Newcastle United, Mike Ashley, arrives at the High Court on July 10, 2017 in London, England. Mr Ashley is defending himself against a lawsuit filed by former...

A deal isn’t yet thought to be close, but it’s an encouraging report for Newcastle fans, as Kenyon at least appears to have garnered interest from potential investors as he looks to mount a bid for the Magpies.

Kenyon, formerly of Chelsea and Manchester United, recently had a spell in the North East with Middlesbrough, and whilst he has been at the heart of some controversy over the years, would bring a much-needed new era to St James’ Park if he can secure an agreement.

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.