Independent Football Ombudsman (IFO) Professor Derek Fraser has given an update on the Newcastle United takeover saga.
Speaking to The Chronicle, Fraser claimed that the letter of reply due by the chief executive of the Premier League Richard Masters as well as the proposed meeting with the top flight “should meet the supporters’ request for clarification” with regards as to why the prospective £300 million deal between the Kingdom of Saudi Arabian (KSA) group and Mike Ashley indeed collapsed.
Is the Saudi takeover of Newcastle saga over?
The Saudi Public Investment Fund (PIF) decided to withdraw from the process as they grew too frustrated with just how much time it was taking England’s highest division and its CEO to make a final decision as to whether to approve of the bid or not.
Indeed, with the new 2020/21 season just around the corner from now, coupled up with the fact that the summer transfer window has officially opened, perhaps this was unsurprising.
This led to Fraser reportedly contacting the EPL with regards to this matter, but it is believed that he has not yet received a letter of reply nor had a meeting with the league to discuss it.
Nevertheless, the IFO is adamant that he should receive some more clarity on the whole process at the request of the NUFC fans as to how exactly the takeover came to collapse.
It will be interesting to see what the response is and indeed supporters of the Tyneside club will be wondering as to whether there is any chance at all of the deal between Ashley and the Saudi-led consortium being resurrected.
Geordies, can you see the takeover being resurrected? Comment below!
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