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Gossip: Peter Kenyon linked to Bolton Wanderers takeover

The former Chelsea & Manchester United man has been linked to Wanderers

Champions League Draw Photo by John Gichigi/Getty Images

According to reports from Alan Nixon of The Sun, Peter Kenyon, the former chief executive of Chelsea and Manchester United, is fronting a bid to takeover Bolton Wanderers.

Nixon states:

”POWER broker Peter Kenyon is making a last minute bid to buy crisis club Bolton Wanderers.

The former Manchester United and Chelsea supremo, 65, has stepped in with a late move for Wanderers - just days after seeing a bid for Newcastle United collapse.

Kenyon’s attempt to land Bolton could be perfectly timed as Cheshire-born Parminder Basran’s group run into problems buying from owner Ken Anderson.

Basran has provisionally agreed a £27 million purchase but they found extras and other financial snags that made them draw back.

Kenyon will still have to offer a price that Anderson accepts and also hope that the major creditor, the family of late owner Eddie Davies, also accept.

The Davies family want the £5 million loan to the club repaid and are also looking for a settlement on other cash now and in the future that they think they are owed.

There is no word on where deal-maker Kenyon has found the funds.

He was working with Americans to buy Newcastlebut also has contacts in the Middle East and Asia.”

Peter Kenyon has been linked with a takeover of Newcastle for months now & it was only in the last few days that negotiations apparently fell apart.

It was reported in the Newcastle chronicle that Kenyon had “failed to produce a package worth over £300million to Mike Ashley and it is believed he did not satisfy the club’s other request of proving they could take the club forward in future years.”