Lee Ryder has suggested in his piece for The Chronicle that the proposed takeover of Newcastle United is in danger of collapse as there are still plenty of questions still yet to be answered on the prospective bid.
Indeed, the journalist points out that the results of the Owners’ and Directors’ Test (ODT) set out by the Premier League have still yet to be concluded, as well as the uncertainty surrounding whether the buying side have done enough in order to meet the demands of the top flight.
The whole saga has been going on for four months now as Ryder says, but nobody as of yet have been able to answer these questions on record, leaving lots of members of the Toon faithful increasingly frustrated.
Will the takeover of Newcastle fall through?
There is perhaps also frustration with the parties involved, as Mike Ashley waits to see if his £300 million sale of the Tyneside club will eventually be approved by England’s highest division.
On the buying side, the Kingdom of Saudi Arabian (KSA) Crown Prince Mohammed bin Salman (MbS), his country’s Public Investment Fund (PIF), businesswoman and head of PCP Capital Partners Amanda Staveley and the billionaire Reuben brothers, who are originally from India but are currently based in London, all await to see if they will take their respective shares at St. James’ Park.
Nevertheless, everyone has still been made to wait by the league for their final decision, and is still yet unclear as to when an official announcement will be made by them.
Geordies, does the Prem need to make an announcement soon? Comment below!
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