Peter Kenyon is desperately searching for investors to help with his bid to buy Newcastle United, according to The Sun.
And that has not caught fans by surprise, with the Magpies faithful growing used to a media circus surrounding the club.
The report claims that Kenyon, previously a chief executive at Chelsea and Manchester United, is attempting to “crowd-fund” his bid to purchase the club.
Kenyon has reportedly offered Ashley the minimum buy-in of £1million, leaving him £299m short of the £300m needed to complete his purchase.
Check out the video below for Emma Conybeare’s rundown of which clubs need what in the January transfer window…
Ashley, however, has told Kenyon that he is happy to be paid in instalments, which would be staggered over the course of 2019.
Ashley has repeatedly talked of selling the club and placed it up for sale in 2017, though he claimed that he would only allow a buyer to take control of the Magpies if they could take them to the “next level”.
Newcastle fans have reacted to the news with little surprise, as Kenyon bids to finally end Ashley’s reign.
Wake up and log on to see what today’s negative story is. Oh Kenyon has started a crowd fund(sighs) logs off. Life of a #nufc fan.
— Highland Geordie (@NUFC_Oscar86_) January 11, 2019
Hearing Peter Kenyon is starting a gofundme page to raise more capital 😂😂😂#nufc
— Mike Ashley (@MoneyMikeAshley) January 11, 2019
And now Kenyon is struggling to find the money …… smoke screen begins to fade just in time for transfer deadline day. 52k still turn up #nufc
— NUFC Dave (@toondave2015) January 10, 2019
So far then
Kenyon is leading a consortium
Kenyon falls short of asking price by £100m
Kenyon is told that ball is in his court
Kenyon bid "not 100% dead"
Kenyon writes Mike a letter
Kenyon told to join forces with other consortium
Kenyon starts a Kickstarter
— Scott Daley (@ScottDaley26) January 10, 2019
Isn’t it high time Peter Kenyon went on the record and said what the hell he is playing at. End this nonsense. #nufc
— David Punton (@DavePunton) January 10, 2019
— Peter kitching NUFC (@pkitchingNUFC) January 10, 2019
If Kenyon struggles to come up with cash to buy #nufc, how will we ever buy players? Also he’d be relying on a consortium to ok spending on players, not dipping out of his own pocket himself. This a lack of control.
— Eamus Catuli (@Sports_Haver) January 11, 2019