An Inside Arabia journalist has revealed what the Kingdom of Saudi Arabia (KSA) crown prince Mohammed bin Salman (MBS) has said about his attempt to take over Newcastle United.
Will the Newcastle takeover go through?
As per the writer, MBS is looking for an affordable deal in a time of economic downturn following the global pandemic outbreak, as his Public Investment Fund (PIF) have already agreed a £300 million price with Mike Ashley.
He has also apparently looked at the opportunity to buy Manchester United, but has decided that the Magpies are the club that he would like to purchase, as he thinks that the takeover of the Tyneside club would be more feasible and easier to push through.
However, the bid has been delayed by various obstacles in recent weeks that has meant that the whole process has been delayed, complicated further by Project Restart.
The Premier League are yet to decide as to whether they will approve of the prospective takeover, as they have insisted that the buying side must pass their Owners’ and Directors’ Test (ODT) in order to have any chance of approving the bid.
Yet they have arguably been too busy making sure that the top flight has been resuming smoothly and so have not been able to deal with the takeover, partly causing the delay.
There have also been various oppositions to the bid, but the members of the Toon faithful will be hoping that they are brushed aside.
Nevertheless, MBS seems to believe that a deal could be pushed through, but only time will tell.
Geordies, will MBS be the new owner of NUFC? Comment below!
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