Liam Kennedy has dropped a reassuring claim on the potential takeover of Newcastle United after a fan questioned him on Twitter.
The Shields Gazette journalist has claimed that the £300m deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) group is ‘still live, and possible’ in what may come as a much welcome relief to some members of the St. James’ Park faithful.
What next for the potential Newcastle takeover?
The KSA’s Public Investment Fund (PIF) still need to come back onto the table if the original bid from the consortium is to be revived.
Are the Premier League to blame for the Newcastle takeover collapse?
There is also the issue of a pending arbitration hearing between the North East club and the Premier League in order to settle their legal disputes, which if the Tyneside club were to get the better of could spark a kickstart back into the proposed takeover.
However, there are some fears that relegation from the English top flight could end up scuppering the deal, as the Magpies would surely not be seen as much of an attractive club if they were down in the EFL Championship.
Steve Bruce’s team are currently a mere six points ahead of the dreaded drop zone in 17th spot in the table (BBC Sport), and relegation may dent the Toon Army’s takeover hopes.
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