Mark Douglas has shared a promising revelation on the potential takeover of Newcastle United.
Replying to a fan of the St. James’ Park faithful in a Q and A session for The Chronicle, the journalist has claimed that the Kingdom of Saudi Arabia’s (KSA) Public Investment Fund (PIF) have been ‘totally committed’ to their proposed deal with Mike Ashley for more than a year and he has spoken to them on this subject.
Is the KSA takeover of Newcastle over?
However, they do not want to be involved in the legal side of things, and would much rather leave that to Ashley and his team.
Newcastle takeover reassurance
It will certainly come as a relief to many members of the Toon Army that the PIF remain committed to the deal, given that they are currently not at the negotiating table due to the ongoing arbitration between the club and the Premier League.
A positive result for the North East club in their pending case against the top flight should be a step in the right direction, and may well clear a pathway for them to come back.
Given that the Tyneside club are almost certainly safe from being relegated from the top flight down to the EFL Championship as well, that should not be a problem either, and so there is still hope that the bid can still be revived, providing that the right pieces of the jigsaw puzzle all link together.
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