A representative of the Reuben brothers has given a big update on the proposed takeover of Newcastle United.
As per an exclusive interview on Sky Sports, Martin Cruddace, who is the chief executive of the Reuben brothers-owned Arena Racing Company, talked about what the brothers were planning to do if the prospective £300m deal with Mike Ashley were to go through:
“We were planning on creating one of the premier sporting hubs in the UK, undertaking development work that is vital for the region and enjoying valuable synergies with the Football Club. We continue to hope that those exciting plans are not in vain.”
He went on to say that they would welcome any resurrection of further talks with the Premier League and its chief executive Richard Masters and also that they would be fully supportive of any sort of deal going forward.
Andrew Musgrove had also recently revealed that they were contributing to the NUFC Fans Foodbank during the lockdown caused by the global pandemic outbreak.
It is clear to see that the Reubens would welcome any sort of possibility that the takeover could come back on, but this will surely be dependent on the Premier League and its CEO Masters.
Is the KSA takeover of Newcastle over?
The Kingdom of Saudi Arabian (KSA) group had pulled the plug on their original bid because they felt as if England’s highest division were simply taking far too long to come up with a final decision.
Indeed, with the 2020/21 season fast approaching, coupled up with the fact that the summer transfer window has officially opened, perhaps it is understandable that they pulled out given the growing uncertainty at St. James’ Park.
Nevertheless, it seems as if the Reuben brothers have not ruled out the possibility of the deal coming back on, providing that the Premier League cooperate adequately.
Geordies, do you still hold out hope of the takeover going through? Comment below with your views!
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