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Newcastle United: Danny Mills makes big takeover claim

Newcastle United: Danny Mills makes big takeover claim - Newcastle United News

Former Leeds United, Manchester City and England player Danny Mills has made a rather big claim on the proposed takeover of Newcastle United.

Speaking to Football Insider, the pundit believes that the prospective £300 million deal between Mike Ashley and the Kingdom of Saudi Arabian (KSA) group had already effectively collapsed before the Saudi-led consortium decided to officially pull the plug on their own bid:

“It appears that the Saudis pulled out before they were thrown out. That is how it looks on the surface of it.

“It leaves Newcastle in a very difficult and awkward predicament now.

“They would have had an inkling. Top lawyers would have been dealing with the situation because they are very smart people. They must have an idea of what is on the cards and what is coming next.

“You assume that they got wind of a problem. It is like when a manager resigns before he gets sacked.”

Indeed, given that the whole process was going on for four months as the results of the Owners and Directors Test (ODT) set out by the Premier League had still not yet been disclosed, the doubts over whether the deal would actually be completed seemed to be growing.

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

Yes

Yes

No

No

The Saudi-led consortium perhaps grew doubts of their own as they decided to cut the wire on their own bid as they grew increasingly frustrated with just how long the top flight were taking to come up with their final decision.

Given that the new 2020/21 season is fast approaching now, coupled up with the fact that the summer transfer window has officially opened, perhaps it is unsurprising that they decided to pull the plug eventually given the growing uncertainty that was swarming around St. James’ Park.

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Mills argues that top lawyers would have had some sort of idea of what was to come and perhaps knew about any potential problems before they started to develop in the public eye.

Nevertheless, everything is all speculation up until this point in time, but for now it looks like the takeover will not be resurrected unless the buying side could come to a quick agreement with England’s highest division.

Geordies, do you agree with Mills? Comment below!


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Article title: Newcastle United: Danny Mills makes big takeover claim

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