GACP Sports, the group fronted by Peter Kenyon, have reportedly been interested in buying Newcastle for a while now, and a Chronicle report on Saturday claims they are still hopeful.
A 46-page brochure, outlining the group’s plans for Newcastle was leaked to the media in September, although was ridiculed by some fans, due to some of the outdated details contained in it.
Interest seemed to step up further, with new companies – both in America and the Cayman Islands – being set up, to be used to facilitate a potential deal for Newcastle.
Although things had quietened down somewhat, the set-up of those companies showed their interest remained.
Joe DaGrosa, CEO of GACP Sports, was speaking at a Soccerex event in Miami and was talking about football and American investment in the game, but would not speak about Newcastle directly.
According to the Chronicle, sources close to DaGrosa said his refusal to talk abouth anything Magpies-related was because “the interest is ongoing and he doesn’t want to ruin ongoing talks with United”.
And in another snippet from the report, that should give some hope to Newcastle fans desperated to see the back of Mike Ashley, it claimed, although the financing for an immediate deal is not yet there, it adds “the optimism that the group expressed originally has not dimmed”.
Speculation surrounding GACP persists
Although the club remains firmly in the hands of Ashley, the talk and speculation surrounding GACP will not go away, and it could be that they are the group most likely to formulate an actual takeover attempt.
It could leave fans in a strange position, bizarrely. With the vast majority of them desperate to see Ashley sell the club, many are underwhelmed and unenthused about Kenyon and GACP’s vision for the club.
So they could be torn between having anyone other than Ashley at the helm of the club, despite their concerns over GACP’s future plans; or hoping negotiations are prolonged, thus smoking out possible interest from other, wealthier groups, but leaving a chance of GACP walking away, and no deal happening at all.
Time will tell whether a deal will eventually take place, but the rumour and speculation is not dissipating, as it has on previous occasions.
Certainly, as long as results keep coming for Newcastle, and they continue to steer clear of relegation trouble, the club will look a better investment now, than they have in the past.