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Newcastle United: Luke Edwards drops worrying claim on potential takeover

Newcastle United: Luke Edwards drops worrying claim on potential takeover - Newcastle United News

Luke Edwards has dropped a very worrying claim on the potential takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) group.

Replying to a fan of the St. James’ Park faithful on Twitter, the Daily Telegraph journalist has claimed with regards to the proposed deal between Mike Ashley and the KSA consortium: “I’d have written it if I could prove it 100%. There are legal restrictions. But verbally I’ve been told something that ends this for good. But without being able to prove it is absolutely correct I can’t write it. Let’s wait and see”.

Newcastle takeover worry

If what Edwards is claiming is true, then there could be a major stumbling block in terms of trying to get the bid over the line.

Are the Premier League to blame for the Newcastle takeover collapse?

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Yes

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The pending arbitration case between the North East club and the Premier League is likely to make a lot of things more clear, but there may be an underlining issue that stops the takeover from being revived. The journalist is clearly not certain yet, but last time we checked, the words ‘ends this for good’ don’t tend to offer much optimism.

The KSA’s Public Investment Fund (PIF) are not at the table at the moment, and they would need to see a positive result in the arbitration case and then return to negotiations to have any hope of the original deal being resurrected.

Nonetheless, the Tyneside club can still plan for the future without a takeover, as they can look to raise funds by selling the likes of under-performing Joelinton and getting players like Andy Carroll off of the wage bill.

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Still, the news that Edwards has been told could well be very damaging for the Magpies’ future.

In other news, find out what European Super League claim Liam Kennedy has dropped on the potential takeover here!


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Article title: Newcastle United: Luke Edwards drops worrying claim on potential takeover

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