Newcastle United fans may breathe a slight sign of relief as the Daily Mail have reported that the prospective takeover in the northeast would not be affected by the possible relegation from the Premier League this season.
Indeed, the Tyneside club are relatively comfortable in 13th place in the table at the moment on 35 points, eight above the dreaded drop zone with nine games left to play. Whilst the Magpies could see themselves as reasonably safe currently, it is still a mathematical possibility that they could eventually be relegated.
However, if the worst case scenario was to happen, then it would perhaps not be all doom and gloom at St. James’ Park, as the proposed deal between Mike Ashley and Amanda Staveley’s Saudi Arabia-led consortium would reportedly not be affected by this situation.
The Daily Mail understands that the £300m bid does not include any clauses which relate to the possibility of relegation or, equally, European qualification. As per the report, the terms of the buyout were struck in early April and are locked in at £300m, with a non-refundable £17m deposit having already been paid to Ashley.
There is also the possibility of the agreed price taking on added value, were Steve Bruce to lead his team to FA Cup glory and continental competition for the 2020/21 season.
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However, according to the Daily Mail, the only two things that can now scupper the takeover are the Premier League blocking it or, if it is approved, the buyers not producing the money. This can be seen as another encouraging sign towards the deal finally being completed.
Geordies, will the Premier League block the takeover or are you confident that it will go through? Comment below with your views!
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