Joseph DaGrosa reveals takeover update after Newcastle United bid

Joseph DaGrosa has hinted that he is focusing his investment on the American market – having seen his bid for Newcastle United stall.

The American businessman, whose GACP Sports outlet were eyeing a move for the Magpies alongside Peter Kenyon earlier this year, was speaking at the annual Soccerex convention in Miami.

DaGrosa purchased Bordeaux last year and hinted that he was keen on taking control of an English side – with three companies formed to help facilitate a takeover of Newcastle United after an investment brochure was leaked to the press.

But with talks having seemingly stalled in recent weeks, DaGrosa has heavily suggested that he is eyeing investments in America.

Speaking to Eurosport, he said: "I believe that Europe wins in the short term, but the US will win in the long term, because the money is here, the economic power of the United States when it gets behind a project is virtually unstoppable.

“I think we will begin to see the effects in 10 years. Then, football in America will be a great and powerful number two."

As well as owning Bordeaux, DaGrosa is helping his native Miami in their bid to become a host city for the 2026 World Cup.

He is also playing an active role in helping to establish Major League Soccer side Inter Miami – with reports suggesting that a friendly with Bordeaux is likely in the summer thanks to DaGrosa’s connections.