The prospective buyers have made their intent clear with regards to the proposed takeover of Newcastle United, according to The Shields Gazette.
As per the outlet, the message from the buying side is that “the fight must go on” with regards to getting their £300m deal with Mike Ashley over the line.
Is the KSA takeover of Newcastle over?
Talks between the Kingdom of Saudi Arabian (KSA) group and Mike Ashley are reportedly ongoing, with conversations taking place on a daily basis to discuss the bid going forward. Legal action is also thought to be an option for all of the parties involved, depending on whether the Premier League decide to give more clarity on the whole situation.
Indeed, even Prime Minister Boris Johnson has urged the top flight and its chief executive Richard Masters to come out and give some more clarity on their takeover process.
The Saudi-led consortium, which consisted of the Middle Eastern crown prince Mohammed bin Salman (MbS), the country’s Public investment Fund (PIF), businesswoman/head of PCP Capital Partners Amanda Staveley and the billionaire London-based Reuben brothers, grew too tired of playing the waiting game with both the Premier League and its CEO with regards to them making their final decision as to whether to approve or reject the takeover bid.
As a result, the would-be owners decided to withdraw their own bid, although their latest statement is one of intent as it seems as if they are fighting to get the takeover back on.
However, this will surely depend on the cooperation of the Premier League, as they continue to remain silent.
Geordies, can you see the takeover being resurrected? Comment below with your views!
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