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Newcastle United: Sheffield United owner says Magpies takeover will not happen

Newcastle United: Sheffield United owner says Magpies takeover will not happen - Newcastle United News

The owner of Sheffield United has made a rather big claim on the possibility of a takeover at Newcastle United.

Speaking to talkSPORT, Prince Abdullah from the Kingdom of Saudi Arabia (KSA) claimed:

“I’d say the odds are that it will not happen.

“I think there’s a little chance. I’m only speculating.”

Indeed, the KSA prince has massively played down the chances of the Saudi-led group eventually taking over at the Tyneside club.

The consortium – which consisted of the Middle Eastern Crown Prince Mohammed bin Salman (MbS), his country’s Public Investment Fund (PIF), businesswoman/head of PCP Capital Partners Amanda Staveley and the billionaire Reuben brothers, originally from India but now based in London – officially decided to withdraw their proposed £300m deal with Mike Ashley as they felt that the Premier League and its chief executive Richard Masters were taking far too long to decide whether or not to approve the bid.

Is the KSA takeover of Newcastle over?

Yes

Yes

No

No

With the new season just around the corner, coupled with the summer transfer window being open for another four weeks, perhaps it is unsurprising that the buying side took this stance. Nonetheless, any hopes of the takeover being resurrected seem to have ended following the comments from Prince Abdullah.

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It now means that fans at St. James’ Park will likely have to wait a while longer before they will be able to experience a takeover happening in the northeast, with the owner of the Blades seemingly putting any such hopes to bed for now.

Geordies, do you still have hopes for a takeover? Comment below with your views!


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Article title: Newcastle United: Sheffield United owner says Magpies takeover will not happen

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