The Newcastle Consortium Supporters Ltd (NCSL) have dropped a relegation claim on the potential takeover of Newcastle United.
Replying to a fan’s query about whether the Kingdom of Saudi Arabia (KSA) group would still be interested in a potential deal with Mike Ashley should the North East club be relegated from the Premier League down to the EFL Championship, the NCSL claimed: “I’m told the value would drop “£150 million” so I don’t see MA taking that kind of hit.”
Would relegation stop the potential Newcastle takeover?
It is unclear yet as to whether the KSA consortium would still be interested in taking over on Tyneside should they be relegated from the English top flight.
Are the Premier League to blame for the Newcastle takeover collapse?
Steve Bruce’s men are currently sitting a mere three points off of the drop zone after just 24 games played, albeit that they have a game in hand on Fulham in 18th spot (Sky Sports).
For any revival of any bid from the consortium, the KSA’s Public Investment Fund (PIF) would have to come back onto the table, but if the Magpies were to be relegated down into the Championship, then suddenly they are not as much of an attractive project, and Ashley may well lose a lot of value in his asking price.
Nonetheless, the Toon Army will be hoping to avoid relegation in order to give them a much better chance of the takeover eventually going through.
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