Liam Kennedy has dropped a quite promising claim on any possible takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) group.
Writing in his latest piece for The Shields Gazette, the football journalist claimed that there is a ‘growing optimism’ from both the buyers and the seller in terms of trying to get the proposed £300m deal between Mike Ashley and the KSA consortium back on track.
Are the Premier League to blame for the Newcastle takeover collapse?
It would of course require the KSA’s Public Investment Fund (PIF) to come back to the table to revive the original bid, but such optimism on both sides of the deal can only be seen as massively encouraging news.
What next for the potential Newcastle takeover?
The arbitration hearing between the St. James’ Park faithful and the Premier League is yet to take place over their legal disputes over the previous failed takeover bid, but the result of that will surely give a better idea as to what the next steps are with regards to its possible resurrection.
Still, the ‘growing optimism’ in both camps should give some members of the Toon Army at least some form of hope that it can eventually go through, providing that all of the pieces of the jigsaw are carefully put in place.
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