Henry Winter has revealed that there is another interested party in a takeover of Newcastle United after the Kingdom of Saudi Arabian (KSA) Public Investment Fund (PIF) withdrew their £300 million bid.
As per a tweet from The Times journalist, he revealed that a long-standing bidding group in the United States has been weighing up the Tyneside club as well as another team, as he also added that they have the funds to complete it.
Henry Mauriss is also still in the picture as the American businessman has held talks with Mike Ashley recently.
PIF #NUFCTakeover withdrawal deeply frustrating for long-suffering #nufc fans desperate to get rid of Ashley. But other interested parties, inc two US. One long-standing bidding group (not Mauriss) weighing up Newcastle & another club. They have the funds. Newcastle prized. 1/3
— Henry Winter (@henrywinter) July 30, 2020
This may give some hope to members of the Toon Army that their club could still yet be taken over, but it will not be from the KSA group as it currently stands.
The consortium, which consisted of the Middle Eastern crown prince Mohammed bin Salman (MbS), his country’s Public Investment Fund (PIF), the businesswoman and head of PCP Capital Partners Amanda Staveley and the billionaire Reuben brothers, have now withdrawn from their original agreement with Ashley.
The whole process simply took too long, as they awaited for the final decision from the Premier League and its chief executive Richard Masters.
Are the Premier League to blame for the Newcastle takeover collapse?
With the 2020/21 season fast approaching, coupled up with the fact that the summer transfer window has officially opened, perhaps there was too much uncertainty at St. James’ Park to continue on with the saga.
Nevertheless, despite the collapse of the original deal with the Saudis, maybe there is a light at the end of the tunnel with the reported interest from the United States.
Geordies, are you encouraged by this news? Comment below!
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