Liam Kennedy has issued a very exciting update on the proposed £300m takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) consortium.
“The Newcastle United takeover turkey is close to being cooked – there is a real confidence from all sides the not too distant future could prove plentiful.”
Kennedy says that all of the respective parties involved in the prospective deal, including Mike Ashley and the KSA group, are really confident that the not too distant future could prove plentiful in terms of trying to get the bid over the line.
Is the KSA takeover of Newcastle over?
He also adds in his article that nobody is working harder than Ashley in trying to push the takeover through, but warns that relegation is still a distinct possibility given that they are currently eight points outside of the relegation zone but may face the next three games with a depleted squad following an outbreak of the global pandemic in the St. James’ Park camp.
Is the Newcastle takeover still possible?
Given the confidence that all of the parties involved in the deal still have, the takeover in the North East is still possible.
However, it is likely that an arbitration hearing will have to take place in order to settle the legal disputes between the Tyneside club and the Premier League, with the possible outcome of that being anyone’s guess at this moment in time.
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