Liam Kennedy has given an update on the proposed £300m takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) group.
Replying to a fan of the Tyneside club on Twitter, The Shields Gazette journalist was asked about the possible arbitration hearing involving the Magpies and the Premier League to settle their legal disputes over the failed deal between Mike Ashley and the consortium.
Is the KSA takeover of Newcastle over?
The Magpies supporter asked him if a chair has been agreed or if the top flight are stalling for time, to which Kennedy said: “Things aren’t quite that black and white“.
He also went on to say that any thaw in terms of relations between the Saudis and Qatar may well have implications in terms of a legitimate reason for rejecting any form of bid.
What next for the Newcastle takeover?
Mark Douglas believes that the summit in the Kingdom on January 5th may well be the next point of hope for the takeover to possibly be revived, where the first meeting of the Gulf Cooperation Council (GCC) of the new year will take place, when it is expected that steps will be taken to end the political disputes between Qatar and the KSA.
It could well be something to come back on to if and when the arbitration hearing does takes place, which could give more hope to fans in the North East that the takeover can be resurrected.
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