Former Chelsea and Manchester United chief executive Peter Kenyon is aiming to complete a £300m takeover of Newcastle United by the end of this year.
Currently working with American investment firm subsidiary GACP Sports, Kenyon has concocted a four-part payment plan in an attempt to takeover the Tyneside club and current owner Mike Ashley may be willing to sell in time for the January transfer window if all goes to plan.
The Florida-based company, who also own Ligue 1 team Bordeaux, have secured legitimate funds from investors which satisfy Mike Ashley's £300m asking price.