The likelihood that the prospective £300m takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) group has increased with the latest proposed intervention by the government.
As per The Shields Gazette, the government are set to step in and take control of the debate around the governance of the English game after the Premier League and the EFL demonstrated a failure to self-regulate and agree a bailout package for struggling teams in the lower leagues.
Are the Premier League to blame for the Newcastle takeover collapse?
What does this mean for the Newcastle takeover?
One of the key components of Project Big Picture was that power would shift to the top six, plus three others, giving them the ability to make rules and dictate the future direction of the English game.
These proposals included the ability to block any possible takeover of clubs outside of that elite group, but the new government interventions would put a stop to this, meaning that the St. James’ Park faithful would not have to finish in the top six if they would like the takeover to happen.
Keith Patterson of the Newcastle Consortium Supporters Ltd (NCSL) said that it will come as a “great relief” to any concerned football supporters that the government are having to step forward to regulate the beautiful game.
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