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Newcastle United: Ben Jacobs drops takeover claim as update emerges

Newcastle United: Ben Jacobs drops takeover claim as update emerges - Newcastle United News

Ben Jacobs has dropped a claim on the potential takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) group.

As per a tweet from the sport journalist, BC Partners are no longer actively pursuing a purchase of Inter Milan, an investment that the KSA’s Public Investment Fund (PIF) have previously been linked with.

Are the Premier League to blame for the Newcastle takeover collapse?

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Yes

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No

Adding to his update, Jacobs also tweeted that PIF still see no value in buying the Serie A club and ‘PIF are waiting’ to see whether the St. James’ Park faithful’s legal cases clear the way for them to buy the North East club instead.

Newcastle takeover hopes rely on PIF

If the original deal between Mike Ashley and the KSA consortium has any chance of coming back into fruition, then PIF need to be back at the table.

The fact that they have shown interest in buying Inter may worry a lot of the Toon Army, but Jacobs’ latest update should calm fans down a little.

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It seems as if they would still be interested in reviving the deal if a path was made clear for them to come back, and that may be made if the results of the Magpies’ legal case is positive.

Nonetheless, NUFC supporters now face an anxious wait in finding out those results and subsequently what they mean in terms of the potential resurrection of the bid.

In other news, find out which Newcastle star has been slammed after a fresh development here!


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Article title: Newcastle United: Ben Jacobs drops takeover claim as update emerges

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