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KK meeting with consortia?

KK meeting with consortia?

This morning`s Currant Bun runs with the story KK has met three consortiums bidding to take control of Newcastle for talks about a sensational comeback. The paper speculates however that his monster £8m compo claim for constructive dismissal v Ashley & co could hamper any potential return to the club. The Sun wrote:

"SunSport understands a South African group, the Nigerians and an unnamed consortium held discussions with former boss Keegan this week. However, Keegan`s ongoing £8million legal action against his employers for constructive dismissal is complicating a return. Keegan will not drop the action and any new owners do not want the problem hanging round their necks once they take over.

Keegan has made it clear he would love to return under the right circumstances but has now admitted it may not be possible. Both the South Africans and Nigerians have made outline offers for the club, with the South Africans ready to go to £280m in staged payments and the Nigerians putting in £200m up front. But Seymour Pierce, who are acting for Toon owner Mike Ashley, want official documentation to be completed before any formal bids are considered.

This would include proper proof that funds are in place to complete a takeover. SunSport understands the Nigerians have already done this through reputable lawyers. A friend of Keegan`s said: "Kevin`s return as manager is a key issue for some of the bidders. They want Kevin to be back in charge otherwise they might not continue their interest."

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Writer:Ross Molyneux
Date:Thursday October 2 2008
Time: 9:47AM

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Comments

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the worst thing that may come out of this, is that whoever buys you doesnt have extra funds to invest, so you cant buy anyone to improve the team, which is what you need really........so you could end up two steps forward...but three back.....
lincolnblue
06/10/2008 12:07:00
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