Ashley fears Kenyon does not have funds for Newcastle takeover

Mike Ashley does not know if Peter Kenyon has the funds to complete a takeover of Newcastle United
, Sportsmail
has been told.
Sources close to the Magpies owner say the former Manchester United
and Chelsea chief executive has been 'rowing his own boat' and they are yet to see evidence of the financial support he would need to see through a deal of around £300million.
However, given Kenyon's standing within the game and knowing he has been working to secure investors in the US, he has been given access to the club's detailed accounts.
It is thought the consortium Kenyon has been putting together could firm up their backing following analysis of Newcastle's finances, and Ashley is hoping this proves to be the case.
Sources also insist there are three other parties who have agreed to meet the valuation in excess of £300m, although their identity remains unknown.
Ashley, it is said, remains optimistic of a sale going through before the end of the month, but that still needs Kenyon - or another group - to return with a firm offer having completed due diligence.
Were Kenyon's takeover bid to prove successful, it is thought he would install himself as chief executive at St James' Park.

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