A political development in the Middle East may excite Newcastle United fans amid speculation that the proposed £300m takeover of the St. James’ Park faithful by the Kingdom of Saudi Arabia (KSA) consortium may still happen.
As per NBC News, the KSA and Qatar are expected to reach an agreement within a matter of days that will help ease a standoff between the latter and other countries in the Gulf region, which has existed since 2017.
Are the Premier League to blame for the Newcastle takeover collapse?
The Chronicle have highlighted its potential relevance to the prospective deal between Mike Ashley and the KSA group, tweeting that the possible rapprochement is ‘being watched by takeover observers’.
In their corresponding article, the news outlet also highlighted the political dispute between the two countries involved added an extra element to the takeover debate, given that the Qatari broadcaster BeIN Sports were heavily against any KSA involvement with the Premier League.
The KSA consortium are also reportedly keeping their own eye on the political developments in the Middle East, and what it could mean for their chances of taking over the Tyneside club.
What does this mean for the Newcastle takeover?
This latest development may well excite members of the Toon Army given that the two countries seemingly have softened their disputes with each other, and this latest agreement could play a part as to whether the takeover of the Magpies could still go ahead, assuming that there are still any piracy issues that still need to be settled.
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