Mark Douglas has revealed some details of contact that took place last Friday between the buying side of the proposed takeover of Newcastle United and the Premier League.
As per his piece for The Chronicle, the journalist reveals that the Kingdom of Saudi Arabian (KSA) group answered the final questions from the English top flight in writing on Friday and claimed that they have subsequently retained their confidence.
The consortium believe that there is nothing that they have not answered to the full satisfaction of the authorities and were apparently hopeful of a breakthrough earlier in the week.
Douglas also claimed that it is unlikely that they would have taken the talk of a potential takeover by Henry Mauriss seriously and added that there has been no feedback from lawyers of the Premier League that has pointed to a possible rejection.
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 still yet to hear the official results of the Owners’ and Directors’ Test (ODT) set out by the Premier League, which could be a pivotal factor as to whether or not the £300m deal with Mike Ashley is approved.
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Nevertheless, the update from Douglas should be taken in a positive manner by the members of the Toon Army, as there still remains confidence that the bid will eventually be given the green light.
Geordies, are you confident that the takeover will be approved? Comment below with your views!
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