The British government have hope that the failed takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) consortium can be resurrected.
As per The Guardian, high-level intermediaries are believed to be engaged in ongoing efforts to negotiate a compromise following the disputes between the Premier League and the Tyneside club.
Are the Premier League to blame for the Newcastle takeover collapse?
Steve Bruce’s side made an official statement just a few days ago that confirmed that they have issued arbitration proceedings against England’s highest division, and it goes on to say that it is unclear as to when those proceedings would be resolved, given the approach of the English top flight and indeed its lawyers.
The Saudis reportedly remain as determined as ever in their pursuit to try and take the Magpies off of the hands of Mike Ashley, but it may not be as easy given the disputes between NUFC and the PL.
Can the Newcastle takeover be resurrected?
Indeed, there is still hope that the proposed takeover of Newcastle can be resurrected if their dispute with the league goes all the way to a court case.
If indeed they win that case, then the KSA group may decide to re-submit their bid, and thus grow closer to being the new owners at St. James’ Park.
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