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Newcastle United: Mark Douglas reveals takeover consortium insight

Newcastle United: Mark Douglas reveals takeover consortium insight - Newcastle United News

Mark Douglas has revealed some insight about the consortium proposing the £300m takeover of Newcastle United.

Writing in his latest piece for The Chronicle, the football journalist revealed that the Kingdom of Saudi Arabia (KSA) group are closely monitoring what the recent diplomatic ties between the Kingdom and Qatar in the Gulf Cooperation Council (GCC) summit will mean in terms of the prospective deal between Mike Ashley and the consortium.

Is the KSA takeover of Newcastle over?

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Yes

No

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Douglas also revealed that beIN are also closely monitoring the situation as there may now be a chance of the Saudis deciding to give access to the Qatari broadcaster to their residents.

The view among some knowledgeable observers is that beIN will now need to be switched on as well as the dropping of legal actions for any more progress to be made on the takeover bid.

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Douglas concluded that the path to a deal being pushed through at least seems to be a bit clearer now, more so than what it looked like before the GCC summit took place.

Nonetheless, as is the view of some knowledgeable observers, the Saudis may be forced into unbanning access to beIN for their citizens if they would like the bid to be progressed further.

Still, the recent diplomatic talks between the two Gulf countries is certainly a step in the right direction with regards to getting the takeover at St. James’ Park back on track.

In other news, find out what big takeover update involving the KSA Luke Edwards has dropped here!


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Article title: Newcastle United: Mark Douglas reveals takeover consortium insight

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