A journalist has shared a very simple but promising two-word stance from inside sources on whether the potential takeover of Newcastle United can still happen.
Writing in his latest piece for The Independent, Tony Evans has shared that sources close to the £300m deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) group remain ‘cautiously optimistic’ that the prospective takeover of the St. James’ Park faithful can still go through despite the failed original bid from the consortium.
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Still hope for Newcastle takeover
Despite the failed bit, there seems to still be some hope, at least from those parties close to the deal, that the proposed takeover of the Tyneside club can still go through – Liam Kennedy reported something similar not too long ago, saying both sides remain hopeful.
However, for the original deal to get back on track, the KSA’s Public Investment Fund (PIF) would have to come back onto the table first of all.
There is also an arbitration case between the Magpies and the Premier League that still needs to be sorted out as well to settle the legal disputes between them in front of a court judge.
Nobody really knows how long the whole takeover saga will play out for, given that there are still so many factors that need to be sorted out first, but the fact that those involved in the bid remain ‘cautiously optimistic’ should surely give some members of the Toon Army a form of encouragement as they wait for more developments.
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