Newcastle United’s takeover saga continues to rumble on well into July, which means we’re on the horizon of a fifth month of proceedings.
The Premier League hold all the keys to whether a Saudi Arabian-backed consortium will be able to purchase the northeast giants from Mike Ashley for £300m.
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They have been faced with plenty of twists and turns throughout the process with the latest being that beIN bombshell that has seen the Qatari sports broadcasters banned from the Middle Eastern state.
ChronicleLive’s Mark Douglas has delivered an update into the situation after being asked about the buyers’ confidence by one supporter on Twitter, he said:
Coming from someone connected to it, so don't worry about that. But the confidence line has been used so much that it has lost much of its weight. We have to wait and see now, frustrating as that may be.
— Mark Douglas (@MsiDouglas) July 20, 2020
The reliable Toon reporter still claims that the word is of confidence from within the consortium’s camp, but as that line has been used so much throughout the last 17 weeks or so, it has lost its weight.
All we can really do it wait and see how the PL will rule – as excruciating as that is.
When – and if – the takeover goes through, it will have undoubtedly lost a bit of the gloss and excitement that should’ve come with it but that should soon change when the Saudi’s start implementing their ideas and finances at the club.
We can only hope that a decision is made before it’s too late to make such an impact.