Mark Douglas has dropped a claim from sources close to the Kingdom of Saudi Arabia (KSA) consortium on the potential takeover of Newcastle United.
Writing in his latest piece for The Chronicle, the football journalist has claimed that the consortium are continuing to wait the outcome of arbitration and that previous talk from James Pallotta about namechecking the St. James’ Park faithful after admitting that he wanted to buy a club in the Premier League was ‘best ignored’.
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Douglas adds that all parties involved in the proposed deal between Mike Ashley and the KSA group hope that a resolution will come into fruition soon, and that while Pallotta’s interest in taking over in the North East is ‘genuine’, he knows that there is ‘no prospect’ of anything happening on that front any time soon.
Newcastle takeover paused for now
It seems as if any talk of a potential takeover at the Tyneside club, whether that would be by the KSA consortium or Pallotta, is on pause for now until their fate is sealed in the top flight.
Steve Bruce’s team are not guaranteed to avoid relegation down to the EFL Championship just yet, despite Fulham’s latest 1-0 home loss at the hands of Wolves on Friday night.
Nonetheless, the Magpies absolutely must stay in the division come the end of the 2020/21 term, and then focus can be put on a potential takeover.
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