Miles Starforth has relayed what some sources have been saying about the proposed takeover of Newcastle United in his latest piece for The Shields Gazette.
As per the journalist, some sources are saying that ‘this isn’t over’ with regards to the prospective £300m deal between Mike Ashley and the Kingdom of Saudi Arabian (KSA) group after the latter decided to withdraw their own bid in growing increasingly frustrated with how long it was taking the English Premier League (EPL) and its chief executive Richard Masters to come up with their final decision.
However, there has been increasing pressure on the EPL and its CEO to give an explanation as to why their decision has taken so long, with some members of the Toon Army even hoping that it could lead to the deal being resurrected.
More than 100,000 people have now signed an online petition to investigate into the takeover process from the league, with even the Prime Minister Boris Johnson urging the EPL to give more clarity to the Newcastle fans.
Is the KSA takeover of Newcastle over?
The Saudi Arabian Public Investment Fund (PIF), who were part of the Middle Eastern consortium looking to buy the Magpies, are also set to pile on the pressure themselves despite officially withdrawing their bid.
Whether the Premier League will actually feel pressured enough to come out and make a statement on the takeover collapse is another question, but Starforth’s claim that some sources insist it is not over should offer hope that it could be back on the cards.
If sufficient pressure is put on the EPL and Masters, maybe it could lead to the deal being back on the table, providing that all parties involved in the matter cooperate with one another.
Geordies, is the takeover saga over for you? Comment below with your views!
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