A senior source at St. James’ Park has told The Athletic that the proposed takeover of Newcastle United is ‘like a boa constrictor around our necks’, graphically portraying how frustrating the whole process has been for several members of the Toon Army.
Indeed, both Chris Waugh and George Caulkin have combined to write a piece for the outlet that echoes this frustration, as they are seemingly no further closer as to finding out whether the Premier League will approve of the prospective £300 million deal between Mike Ashley and the Kingdom of Saudi Arabian (KSA) group.
The consortium consists of the KSA 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, who are originally from India but are now based in London.
They too are yet to find out the results of the Owners’ and Directors’ Test (ODT) set out by the English top flight, which determines as to whether the buying side are all fit and proper people to be taking over the Tyneside club.
Will Newcastle takeover leader MbS pass the ODT set out by the Premier League?
However, it has been months since these checks were first spoken of in relation to whether the bid would be accepted or not and perhaps it is understandable that frustration has grown among Magpies.
A positive result would surely be one step closer to the approval of the takeover by England’s highest division, but a negative one would likely cast more doubt over the final decision, as NUFC fans still await anxiously for an official announcement by the league themselves.
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