Forget Newcastle - Now It's Bolton!

Last updated : 06 March 2019 By Footy Mad - Editor

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Peter Kenyon is making a last-minute bid for Bolton Wanderers after a proposed takeover of Newcastle United fell through, according to reports.

The former Manchester United and Chelsea chief executive has been targeting a return to the frontline for some time now and dreamt of again assuming a high-power position with a Premier League club.

Kenyon has acted as an adviser to Middlesbrough, among other clubs, since leaving Chelsea in 2009 but felt he had 'one last challenge' in him.

A decade later, the 65-year-old attempted to raise funds to match Mike Ashley's asking price for Newcastle but, despite a six-figure sum being spent on due diligence of the club's books, he could not source the money required for his US-based consortium.

ChronicleLive previously reported Kenyon had been 'quite guarded' about his takeover plans and 'how heavily involved he would be' at Newcastle - even in conversations with trusted former colleagues before Christmas.

Ashley has since pulled the plug on talks and the Sun claim that Kenyon has now made a bid for Bolton after the Football Ventures consortium walked away from a £27m deal for the club.

The report notes 'there is no word on where deal-maker Kenyon has found the funds' - which will ring a bell with some Newcastle fans.

The Magpies remain up for sale and have been since October, 2017, with Amanda Staveley and Kenyon both failing to get takeover bids off the ground in that time.