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Newcastle United: Mike Ashley’s takeover approach revealed

Newcastle United: Mike Ashley’s takeover approach revealed - Newcastle United News

The approach that Mike Ashley has taken regarding a proposed takeover of Newcastle United has been revealed by The Chronicle.

As per the news outlet, the approach of the chief executive of Sports Direct now appears to lie firmly on the Kingdom of Saudi Arabian (KSA) consortium, according to those who are familiar with the whole takeover process.

Are the Premier League to blame for the Newcastle takeover collapse?

Yes

Yes

No

No

Ashley returned to frontline business at the St. James’ Park faithful this week, releasing his incendiary statement on pay-per-view (PPV) prices and signing off on season ticket refund plans.

Further claims have been made this week suggesting that his inner circle are now proving harder to contact over alternative proposals to the prospective £300 million deal between Ashley and the KSA group.

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One intermediary believes that the efforts centred on the Saudi-led bid are putting off alternative groups.

Who else has held an interest in a Newcastle takeover?

James Pallotta was rumoured to be interested in a takeover in the North East after he agreed to sell AS Roma to The Friedkin Group.

The Bellagraph Nova (BN) Group, led by former Magpies striker Michael Chopra and co-founded by businesswoman Evangeline Shen and the Singaporean cousins Nelson and Terence Loh, had also tabled a bid worth £280 million.

Henry Mauriss, a businessman from the United States of America had also reportedly had his lawyers talking to Ashley to try and get a takeover deal over the line.

Is a Newcastle takeover by the KSA consortium still possible?

Indeed, there are question marks as to whether a takeover of the Toon by the KSA consortium is still possible, as it may well still come down to a legal battle with the Premier League.

In other news, find out what a former PL owner has said about the takeover here!


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Article title: Newcastle United: Mike Ashley’s takeover approach revealed

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