Some details have emerged of an attempted takeover of Newcastle United by MSD Partners, before they were approached by Sunderland.
According to the Financial Times, MSD’s push into English football began with the St. James’ Park faithful, but the possibility of a transaction involving them fell through, and so MSD were approached by the Black Cats after.
[freshpress-quiz id=”343794″]
They decided to opt against a deal with the Tyneside club’s local rivals in the end, but it’s no doubt interesting to hear of their takeover involvement with the Magpies given the more recent failed takeover bid by the Kingdom of Saudi Arabia (KSA) consortium.
Is a potential Newcastle takeover still on?
While the KSA group did originally fail with their deal with Mike Ashley, if the Kingdom’s Public Investment Fund (PIF) were to get themselves back on the table, then the proposed takeover in the North East could still well be revived.
[freshpress-poll id=”311952″]
However, there is still an arbitration case between the Toon and the Premier League that still needs to be sorted out first of all, so any hopes of the takeover happening may still seem a long way away as of yet.
Nonetheless, if the prospective deal with the KSA group were to completely collapse, then who knows whether Ashley would have his attention turned back to MSD Partners in the future.
In other news, find out which NUFC ace has dealt a big injury blow to the club here!
