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New report reveals reasons why Mike Ashley can't sell Newcastle United, and says Kenyon talks 'broken down'

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A new report in Bloomberg has attempted to lift the lid on why Mike Ashley has again failed to sell Newcastle United.

They quote two interested parties saying he is “difficult to negotiate with” and – as reported in the Chronicle – report talks have broken down with Peter Kenyon recently, which extinguishes any hope of the sale that Ashley spoke about before Christmas.

He wrote to Ashley later in that month revealing Ashley saw his as the “best fit” and hoping that quick progress would be made in the new year – and the letter was released in January as an attempt by the Newcastle owner to prove that there was substance to the takeover talks.

Bloomberg say “the bid was backed by American funds and debt”.

He says of Ashley: “He’s very single-minded and an aggressive buyer of business assets, not all of which have succeeded.

“Would-be buyers say he’s tricky to negotiate with, mainly because he’s suspicious about the terms of the offers, according to two people involved in potential purchases over the past couple of years,” it reports.

Although the club will not be drawn on the sale talk, sources at United have indicated that Ashley is a willing selling who would accept staggered payments.
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