Luke Edwards has dropped a claim on a potential takeover of Newcastle United after replying to a question from a fan of the St James’ Park faithful.
As per a tweet from the Daily Telegraph journalist, any other party other than the Kingdom of Saudi Arabia (KSA) group who may be interested in taking over in the northeast ‘can’t get anywhere’ with Mike Ashley until the Tyneside club’s relegation fate is known.
Other potential Newcastle buyers?
Given that the KSA’s Public Investment Fund (PIF) are yet to put themselves back onto the table, there is a question mark over whether the original deal between the consortium and Ashley can still be revived.
Should Newcastle fans be grateful for the money that Ashley has put into the club?
This may invite other potential buyers to submit their own bids, but a lot will be decided come the end of the 2020/21 season, when Steve Bruce’s team know their fate in terms of possible relegation.
If the worst were to happen and the Magpies found themselves going down from the Premier League to the Championship, then the prospect of taking over at Newcastle would be far less attractive to PIF, and Ashley would not be able to demand as high of an asking price.
Still, this may invite other potential buyers who would not mind taking over at a club in the lower division to come in with their own bids, and it would then be up to Ashley if he still wants to sell.
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