Lee Ryder has shared a quite interesting theory on the proposed takeover of Newcastle United in his latest article for Chronicle Live.
The football journalist was writing following the news that Sheikh Khaled bin Saqr Zayed al-Nayhan is reportedly set to buy Derby County after holding previous interest in taking over from Mike Ashley at St. James’ Park.
Are the Premier League to blame for the Newcastle takeover collapse?
This prompted Ryder to share the theory that if the Tyneside club were in the EFL Championship like the Rams are now, there may already have been new owners in the North East.
This is because the Owners’ and Directors’ Test (ODT) for the EFL is different to that of the Premier League, and so if the Kingdom of Saudi Arabian’s (KSA) Public Investment Fund (PIF) attempted to buy the Magpies in the Championship, then they may well have been successful.
However, PIF did not have success in their £300m bid to take over from Ashley at the Toon, but an opportunity to return with another deal in the future has not yet been ruled out.
Is a Newcastle takeover still possible?
Indeed, while PIF did fail in their attempts to take over at NUFC, the possibility of a takeover has still not yet been ruled out.
A court case may well occur between the club, specifically Ashley and his lawyers, and the top flight, including its chief executive Richard Masters, if the matter cannot be resolved.
Still, supporters will still want to hold on to any last bit of hope that they can have in seeing a takeover happen for their beloved team.
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