Newcastle Utd News

Reports suggest intriguing twist in takeover talks

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The consortium that had been in talks to take over Newcastle United are now reportedly switching their attention to West Ham.

According to Football Insider, the Saudi Arabian-backed group could now target a takeover of West Ham instead of the club on Tyneside.

The consortium – with its main source of funding coming from the Saudi sovereign wealth fund – were in talks to sign Newcastle for £340m, however, no deal has been agreed and it seems as if talks have cooled.

Football Insider claims that sources have told the outlet there are ‘whispers’ about a potential move for the Hammers.

With David Sullivan and David Gold facing increasing pressure from fans, there could be an option for them to get out by selling to this consortium.

The pair own around 86 per cent of the club after taking over in 2010.

Considering that the London Stadium has the third-highest average attendance in the whole of the Premier League (59,891), there is clearly huge potential with the club to take them to another level.

Mike Ashley has made it clear that he is willing to sell the Magpies, but he wants £340m in order to part ways with the club.

Will Ashley sell the club this season?

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Yes

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Fans have understandably been growing increasingly frustrated with the owner not being able to finalise a deal, even with the consortium allegedly stumping up the cash he demands to sell.

This could end up being a real kick in the teeth for the club if the Saudi Arabian-backed consortium ends up preferring to go after the East London club.

They already had one of their long term targets of Jarrod Bowen go to West Ham instead of the club, so this could be a double whammy of hurt for fans.

Alternatively, for those who don’t want to see the club get sold to a group which is backed by public Saudi Arabian money, then this could be some good news.

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