Peter Kenyon's surprising Newcastle United takeover timetable revealed by report

Kenyon, working with Florida-based GACP Sports, is trying to put together funding for a £300million deal for the Premier League club, which takes on Wolverhampton Wanderers at St James’s Park this afternoon.

A source told The Mirror: “They’re hoping it’ll happen. They’re doing due diligence. They want to get the takeover done before the January window, and then get some players in."

However, United owner Mike Ashley – who put the club up for sale two years ago – remains sceptical about the likelihood of Kenyon raising enough money to buy the club. Kenyon was previously chief executive of Chelsea and Manchester United.

The Gazette has revealed how GACP Sports have set up a number of companies ahead of a deal.