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Newcastle United: Henry Mauriss takeover may still happen

Newcastle United: Henry Mauriss takeover may still happen - Newcastle United News

A takeover of Newcastle United may still happen as Henry Mauriss now believes that he is in pole position to buy the Tyneside club, according to the Daily Telegraph.

Indeed, the Kingdom of Saudi Arabian (KSA) group that had originally agreed a £300 million deal with Mike Ashley to buy the Tyneside club have pulled the plug on their bid, which means that the American businessman could potentially swoop in with an offer of his own.

Is the KSA takeover of Newcastle over?





A relatively recent report from the outlet had previously claimed that he had stepped up his efforts to try and buy the Magpies in an attempt to shake off the Saudi Arabian consortium.

Mauriss was even planning to let Steve Bruce stay on as manager which would have gone down very well with the former Premier League title winner with Manchester United.

However, he would have to go through the Owners and Directors Test (ODT) set out by the top flight first, which may take a long time to complete given that the Saudis have not yet received the results of the checks that they took some four months ago now.

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The buying side, which was led by the businesswoman and head of PCP Capital Partners Amanda Staveley, blamed England’s highest division for taking too long to come to their final decision, and so Mauriss may feel the same frustration if he was to get involved with the league.

Nevertheless, he clearly feels that he is now in the front seat, but there would still be plenty left to do if he comes to an agreement with Ashley.

Geordies, would you welcome Mauriss as your  new owner? Comment below!

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Article title: Newcastle United: Henry Mauriss takeover may still happen

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