DaGrosa camp tight-lipped on renewed Newcastle United takeover claims

Talk of American businessman Joe DaGrosa’s interest in a deal to buy Newcastle United has resurfaced – should a Southampton takeover attempt fail.
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But, at this stage, it is understood any renewed United push would prove futile with Mike Ashley and Justin Barnes’ eyes set firmly on pushing through the PCP Capital Partners deal, which remains precariously intertwined in legal tape.

Reports in the Athletic suggest DaGrosa could turn his attentions to United, Crystal Palace or West Ham should Southampton owner Gao Jinsheng not lower his asking price of £200million for the Saints.

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However, Ashley remains committed to the £300million-plus deal agreed with PCP, largely financed by the Public Investment Fund of Saudi Arabia, having failed to come to an agreement with DaGrosa, and Peter Kenyon, in 2019.

LISBON, PORTUGAL - SEPTEMBER 05: Joe DaGrosa CEO of GACP Sports talks during the opening session of Day 1 of Soccerex Europe Convention at Tagus Park on September 5, 2019 in Lisbon, Portugal. (Photo by Gualter Fatia/Getty Images)LISBON, PORTUGAL - SEPTEMBER 05: Joe DaGrosa CEO of GACP Sports talks during the opening session of Day 1 of Soccerex Europe Convention at Tagus Park on September 5, 2019 in Lisbon, Portugal. (Photo by Gualter Fatia/Getty Images)
LISBON, PORTUGAL - SEPTEMBER 05: Joe DaGrosa CEO of GACP Sports talks during the opening session of Day 1 of Soccerex Europe Convention at Tagus Park on September 5, 2019 in Lisbon, Portugal. (Photo by Gualter Fatia/Getty Images)

Speaking exclusively to the Gazette about a possible Magpies deal in May 2020, DaGrosa said: “We were actually a bit further along than most people realised. We spent a lot of our resources, internally as well as externally – we had hired KPMG to work with us – and we did a lot of homework on the team and on the league.

“Newcastle is the profile of club that we’d like to buy. There are a few others out there that are in our sights, but that’s exactly the type of club that we’re looking for.

“We’re not looking at a big six club at this point, purely from a cost point of view, but there’s a few others out there that look very interesting.”

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When the Gazette reached out to DaGrosa’s people they were unavailable for comment.

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