Jason Burt has claimed in his latest piece for the Daily Telegraph that the proposed takeover of Newcastle United by the Kingdom of Saudi Arabian (KSA) group is not dead.
According to the football journalist, Mike Ashley is still fully committed to selling to the Saudi-led consortium despite the Premier League rejecting their £300 million deal.
Is the KSA takeover of Newcastle over?
However, Burt also claimed that another bid would probably have to emerge in a different form to have any chance of success this time around, despite the threat of legal action by the Tyneside club against the top flight and Richard Masters.
As per the writer, it is understood that last week there was a meeting between the bid team and England’s highest division with the UK Government also understood to have been involved at some level.
However, there was no resolution, which prompted a rather brutal statement to be released by the Magpies.
Burt also pointed out that the latest move appears to point to, eventually, a re-constituted offer from the Saudis, potentially once the global pandemic crisis has finally passed, and a continuing commitment from Ashley to try and sell to them.
Indeed, this news may come as a source of hope to some members of the Toon Army, as it seems as if the prospective takeover in the North East is not quite dead in the water just year.
Following a potentially successful court case, fans may still have the opportunity to see a takeover happen at NUFC, but there is still a long way to go as of yet.
Geordies, do you still have hope for the takeover? Comment below!
Click here to comment on this articleor
Give us feedback on your Football Transfer Tavern experience