Mark Douglas has dropped a claim on whether relegation would affect a proposed takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) group.
Writing in his latest piece for The Chronicle, the sports journalist has claimed that the prospective £340m deal between Mike Ashley and the KSA consortium would likely survive relegation down to the EFL Championship.
Is the KSA takeover of Newcastle over?
He added that in briefings last year, the KSA’s Public Investment Fund (PIF) made it clear to the St. James’ Park faithful that they were still interested in the bid regardless of whether the Tyneside club got relegated or not.
However, Douglas also admitted that the £340m asking price by Ashley may become problematic if the Magpies went down a division, adding that it would be ‘inconceivable’ for the group to pay that kind of money if they were in the Championship.
Are Newcastle in a relegation fight?
Steve Bruce’s team are currently only seven points off of the relegation spots going into their game against Arsenal tomorrow night, and have also not won in their last six matches in the top flight (Sky Sports).
It is looking very bleak at the moment for the Toon, who need to start picking up a win or two otherwise they will start to be dragged further into trouble.
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