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Newcastle United: Duncan Castles gives takeover update

Newcastle United: Duncan Castles gives takeover update - Newcastle United News

Duncan Castles has given an update on the proposed takeover of Newcastle United as some of his comments on The Transfer Window podcast were transcribed by The Chronicle.

As per the outlet, the journalist claimed that he has “been talking to someone involved in the process and the guidance is quite interesting” with regards to the prospective takeover in the northeast.

However, Castles admitted that there has been more doubt creeping in as to whether the Premier League will approve of the £300m deal between Mike Ashley and the Kingdom of Saudi Arabian (KSA) group.

Will the Premier League approve the takeover of Newcastle?

Yes

Yes

No

No

While he suggests that his source still expects the bid to go through and that they remain confident, there are still question marks over whether the Premier League will give it the green light, but adds that these questions are not over piracy issues in the KSA.

Nevertheless, the fact that there are now more doubts may worry some members of the Toon Army. The whole saga has been going on for months now and, as the days drag on, it is perhaps becoming more and more unlikely that the takeover will be approved by England’s highest division.

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The buying side, which consists of the KSA crown prince Mohammed bin Salman (MbS), his country’s Public Investment Fund (PIF), the businesswoman and head of PCP Capital Partners Amanda Staveley and the billionaire Reuben brothers, are also yet to hear the official results of the Owners’ and Directors’ Test (ODT) set out by the Premier League.

Whether they are all deemed fit and proper owners is another question, but more clarity is surely needed before a final decision is made.

Geordies, are you beginning to doubt that the takeover will happen? Comment below with your views!


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Article title: Newcastle United: Duncan Castles gives takeover update

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