MX23RW : Friday, September 18 07:32:22| >> :120:46831:46831:

American company confirms interest in Newcastle takeover

American company confirms interest in Newcastle takeover
© Reuters
The group is one of a series to be linked with the Magpies.

An American company linked with a takeover bid for Newcastle is unlikely to push home its interest.

Joseph DaGrosa, chairman and chief executive officer of Great American Capital Partners (GACP), has confirmed talks with the Mile Ashley regime at St James’ Park have taken place and are ongoing, but has indicated they may not reach a successful conclusion.

In a telephone interview, DaGrosa told NBC Sports: “I can certainly confirm interest. I will confirm that I’ve had conversations with Mike Ashley’s top representative. I would describe those conversations as very positive.

 Great American Capital Partners has an interest in buying the St James' Park club
Great American Capital Partners has an interest in buying the St James’ Park club (Richard Sellers/PA)

“I would say Mike Ashley and his team are a lot easier and a lot friendlier and business savvy than anyone gives them credit for.

“We’re still talking. I’m not sure we’re going to reach an agreement, but that’s certainly not because of either side’s intractability or unwillingness to move forward.”

Speculation that GACP could make a decisive move for the Tyneside club mounted earlier this month when the group sold its stake in French side Bordeaux, although DaGrosa insisted that decision was the result of a difference of management styles.

I’m not sure we’re going to reach an agreement, but that’s certainly not because of either side’s intractability or unwillingness to move forward.”

The American company is one of a series of potential buyers to make contact with Ashley as he continues his attempts to offload the business he bought in April 2007, with its involvement coming to light as former Manchester United and Chelsea chief executive Peter Kenyon sought to put together a consortium.

Kenyon and Amanda Staveley’s PCP Capital Partners have been the most high profile, although no prospective new owner has yet managed to strike a deal with Ashley.

Newcastle currently sit in ninth place in the Premier League after taking 25 points from their first 18 Premier League games of the season under new head coach Steve Bruce.

ID:383925:

Click here for more stories about Mike Ashley

Click here for more stories about Newcastle United

Share this article now:
Did you know...?
Latest Sports Video
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free match previews newsletter! Updates are sent twice a week.
Read more about Mike Ashley Football

rhs 2.0
Europa League
Championship
Bundesliga
Ligue 1
Eredivisie
Primeira Liga
Turkish Super Lig
Belgian Pro League
Greek Superleague
Russian Premier League
Ukrainian Premier League
League of Ireland Premier
Welsh Premier League
Belarusian Premier League
Segunda Division
2.Bundesliga
Eerste Divisie
Copa Libertadores
AFC Champions League
Chinese Super League
Premier League 2 - Div 1
Premier League 2 - Div 2
European Challenge Cup
Challenge Cup
NFL
Tables

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!