Former Crystal Palace owner Simon Jordan has made a rather big claim on the proposed takeover of Newcastle United.
Speaking on talkSPORT, Jordan was asked as to whether he thinks that the prospective £300 million deal between Mike Ashley and the Kingdom of Saudi Arabian (KSA) group was over now, to which he replied:
“Is it over? I don’t think so.”
He also commented on the accordance of the deal between the buyers and the sellers, as he is unsure as to how exactly the bid broke down.
“Is it over? I don’t think so.” ❌
— talkSPORT (@talkSPORT) August 5, 2020
Indeed, the Saudi-led consortium decided to cut the wire on their own deal as they thought that the Premier League and its chief executive Richard Masters were simply taking too much time to make their final decision as to whether to approve of the bid or not.
With the new 2020/21 season fast approaching, coupled up with the fact that the summer transfer window has officially opened, perhaps it is unsurprising that the would-be owners pulled the plug.
However, there is still a chance that it could be resurrected if the top flight and its CEO cooperate with the buying side, but the whole process would surely have to be sped up.
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 Reuben brothers have also still yet to hear the results of the Owners and Directors Test (ODT) set out by England’s highest division, a further delay in the process.
Nevertheless, Jordan believes that the takeover saga is not over yet, but only time will tell if he is right.
Is the KSA takeover of Newcastle over?
Geordies, do you agree with Jordan? Comment below!
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