Mark Douglas has dropped a quite exciting claim on the proposed £300m takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) group.
Writing in his latest piece for The Chronicle, the football journalist has claimed that an opportunity to possibly resurrect the prospective deal between Mike Ashley and the KSA consortium ‘may yet present itself’ after a major development broke through involving the Kingdom.
Are the Premier League to blame for the Newcastle takeover collapse?
An agreement between the country and its neighbours Qatar has been reached in order to end the hostility between the two countries that has been going on since 2017.
The embargo on Qatar has since been lifted in the Gulf Cooperation Council (GCC) summit by the Saudis along with their Gulf neighbours in the United Arab Emirates, Egypt and Bahrain.
Is there more optimism for the Newcastle takeover?
While this agreement between the two countries will not directly affect the KSA’s takeover bid, fans of the Tyneside club could well feel cautiously optimistic that it could still be revived.
The major disputes between the Kingdom and Qatar over the banning of beIN and the illegal streaming of games from the Premier League may still need to be settled in order to see a potential resurrection of the deal, but this agreement between the two countries could certainly be a step in the right direction as Douglas suggests.
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