Luke Edwards has dropped a quite worrying claim on the potential takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) group.
The Daily Telegraph journalist tweeted: “I’m told this morning all #nufc takeover conversations have been halted by Justin Barnes and the club is, effectively, no longer for sale. Everything paused until relegation matters decided.”
Worry for potential Newcastle takeover
The fact that conversations to do with the potential takeover of the St. James’ Park faithful by the KSA consortium have been halted for now may be a big worry for some fans in the North East.
Are the Premier League to blame for the Newcastle takeover collapse?
As Edwards puts into perspective, the Tyneside club is effectively no longer for sale by Mike Ashley until Steve Bruce’s team know their fate at the end of the 2020/21 season in terms of possible relegation from the Premier League down to the EFL Championship.
The Magpies are currently only a mere three points outside of the drop zone on 26 points after 26 games (BBC Sport), and it is far from a guarantee that they will be safe come the end of the term.
If the Toon were to drop down a division, then the prospect of taking over a side down in the Championship may be a far less attractive one for the potential buyers, and Ashley may well have to drop a lot from his original asking price.
Nonetheless, NUFC will be aiming to stay up at least, which could well put the bid back on track.
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