Mike Ashley remains in talks with the Kingdom of Saudi Arabian (KSA) Public Investment Fund (PIF) and its partners about trying to get the proposed takeover of Newcastle United back on, according to Sky Sports.
As per the outlet, the chief executive of Sports Direct is understood to be trying to resolve the situation personally and is fully committed to to trying to find a way to resurrecting the £300m deal with the Saudi-led group.
Is the KSA takeover of Newcastle over?
Indeed, the prospective buyers, which consisted of PIF, the Middle Eastern crown prince Mohammed bin Salman (MbS), businesswoman/head of PCP Capital Partners Amanda Staveley and the billionaire London-based Reuben brothers, decided to withdraw their own bid as they grew increasingly impatient over the sheer length of time that it was taking the Premier League to make their final decision on whether or not to approve it.
With the 2020/21 season fast approaching, coupled up with the opening of the summer transfer window, perhaps it is unsurprising that the would-be owners made this decision.
Nevertheless, it seems as if the parties involved in the deal, including Ashley, are trying to get the takeover back on track, but they would surely need more cooperation from the Premier League and its CEO Richard Masters.
There has been added pressure from the likes of Independent Football Ombudsman (IFO) Professor Derek Fraser to try and seek more clarity from England’s highest division with regards to their whole takeover process, but ultimately, no matter what Ashley tries to do, the final decision still lies with the Premier League.
Geordies, do you still have hope in the takeover going through? Comment below with your views!
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