Exciting times ahead for Newport County! The club is on the verge of a major shake-up as 33-year-old entrepreneur, and former soldier, Nick Beddis is closing in on a deal to take over a majority shareholding. Beddis, who once played in Newport’s academy, is aiming to take over from Huw Jenkins, the ex-Swansea City chief who currently owns 52%. With the deal now seeking approval from the Independent Football Regulator, it could mark the start of a thrilling new era for the club!
Jenkins took control back in January 2024, but Newport has faced challenges under his leadership, just narrowly avoiding relegation and finishing 22nd and 20th in the past two League Two seasons. Despite his £3m investment, the club has actively been on the hunt for additional funding. Beddis’s potential takeover could bring the fresh energy and investment Newport have been striving for.
While sources hint the deal could fall between £5m-10m, County insiders say finalisation isn’t imminent just yet. However, if all goes to plan, Newport County fans can expect some exciting developments, including a possible pre-season tour of Miami next month and additional funds for transfers.
Beddis, founder of AGS Capital, brings a wealth of experience from Dubai real estate and private equity to the table. Determined to transform Newport both on and off the pitch, he seems ready to charge into the world of football ownership.
Will this be the dawn of a new chapter filled with progress and potential? Stay tuned to see if this deal ushers in exciting times for Newport County! ⚽🎉