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Newcastle United: Premier League CEO Richard Masters gives hope that takeover can be resurrected

Newcastle United: Premier League CEO Richard Masters gives hope that takeover can be resurrected - Newcastle United News

The chief executive of the Premier League has given some hope that the proposed takeover of Newcastle United by the Kingdom of Saudi Arabian (KSA) group can be resurrected.

As per The Chronicle, the top flight CEO participated in a 30-minute question and answer session with the Newcastle United Supporters Trust (NUST).

In this session, Masters claimed that the door remains open for the Saudi-led consortium should they wish to come back to the table.

Is the Saudi takeover of Newcastle saga over?

Yes

Yes

No

No

Indeed, the would-be owners, which consisted of the Middle Eastern crown prince Mohammed bin Salman (MbS), his country’s Public Investment Fund (PIF), the businesswoman and head of PCP Capital Partners Amanda Staveley and the billionaire London-based Reuben brothers, decided to withdraw their own £300 million bid to buy out Mike Ashley as they grew too frustrated with just how long it was taking the top flight and Masters himself to come up with their final decision as to whether to approve of the deal or not.

With the new 2020/21 season just around the corner, coupled up with the fact that the summer transfer window has officially opened, perhaps it is understandable that the buying side took this stance.

1 of 20

Let us start with the 10th most expensive, how much was Jonjo Shelvey?

Nevertheless, it seems as if the prospective takeover in the North East is not entirely dead just yet as Masters has offered the buyers a route back into it.

This would likely be pending to if England’s highest division can speed up the process, and whether all of the parties involved are fully committed to getting it back on.

Either way, all hope is not lost for some members of the Toon Army.

Geordies, do you have hope that the takeover can be resurrected? Comment below!


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Article title: Newcastle United: Premier League CEO Richard Masters gives hope that takeover can be resurrected

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