Newcastle United’s prospective £300m takeover continues to hang in the balance with the decision firmly in the hands of the Premier League, who have mulled over their owners and directors test for two months now.
And this week an executive from a “top Premier League team” has rated their chances of approval at 50/50 or as they describe – “a flip of a coin”.
This was revealed in an article posted by Forbes earlier today, which stated:
“The sale of Newcastle United by Michael Ashley to a group financed by Saudi Arabia’s Public Investment Fund and fronted by PCP Capital Partners for $375 million (£300 million) is 50-50 at the moment.
“If you’re asking me which way the vote will go with the owners and directors of the Premier League it’s a flip of a coin,” according to an executive at a top Premier League team I discussed the deal with this morning.”
This comes as a cause for concern as someone with a little more knowledge on how this process might work only rates our chances as 50/50, meaning it could go either way at this stage.
That combined with the fact that this entire situation has already dragged into a third month is no wonder why a lot of us at St James’ Park are starting to feel a little anxious.
We can only hope that the Premier League call comes down in favour of the Saudis taking charge at United.