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Newcastle United: Insight shared on takeover consortium

Newcastle United: Insight shared on takeover consortium - Newcastle United News

Some interesting insight has been shared on the Kingdom of Saudi Arabia (KSA) consortium looking to complete a takeover of Newcastle United.

Speaking to Spanish newspaper MARCA (via The Chronicle), former marketing director at Valencia, Damia Vidagany, has said that former general director at the La Liga club, Mateu Alemany, was approached by the KSA group to become the St. James’ Park faithful’s new Director of Football (DoF) before the deal with Mike Ashley fell through.

Vidagany was quoted as telling the newspaper:

“There was a moment when the Saudi Arabian sovereign wealth fund was going to buy Newcastle, and the person totally responsible if this operation was carried out, was Mateu Alemany.

“He was the person they had chosen to take the club forward. He has always been clear that he wanted a sporting project.

“Going to Barça will be for him like touching Everest. Along with Real Madrid, they are the two biggest clubs in the world, and it is a tremendous challenge.

“The operation was not done because the Premier League vetoed it.”

Interesting Newcastle takeover insight

It is very interesting to hear that the KSA consortium were looking at hiring a new DoF at the North East club to try and take them forward into a new era, before their bid eventually collapsed.

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There is still a possibility that the takeover can be revived, if the KSA’s Public Investment Fund (PIF) were to bring themselves back to the table.

An arbitration hearing between the Tyneside club and the Premier League is also pending, which would give a much clearer insight into whether or not the deal can be resurrected.

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Nonetheless, it will no doubt be interesting to see as to whether the group would approach Alemany again should the bid have a second chance of going through.

In other news, find out what takeover revelation has been shared by Alan Shearer here!

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Article title: Newcastle United: Insight shared on takeover consortium

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