Steve Wraith has given a rather positive update on the proposed takeover of Newcastle United.
As per his official Twitter page, the writer and Magpies fan claimed: “My understanding is this takeover could be resurrected.”
Indeed, this is a relatively big statement to make given that the Kingdom of Saudi Arabian (KSA) group have withdrawn their initial £300 million offer to Mike Ashley, but Wraith clearly thinks that the whole saga is not over yet.
He also went on to claim that all of the parties involved in the deal are still willing to make it happen if possible, and urged the Premier League to budge on their position.
My understanding is this takeover could be resurrected. Mike Ashley is still a willing seller. PIF PCP and Co are still willing buyers. The premier league need to budge on their position whatever it is #WeWantSaudi #NUFC Get the message to the @premierleague loud and clear pic.twitter.com/ieoRyydayl
— steve wraith (@stevewraith) July 30, 2020
Indeed, the prospective buyers pulled the plug on their own deal as they felt that the top flight and its chief executive Richard Masters were simply taking too long to make their final decision.
Perhaps this is understandable given that the 2020/21 season is set to resume only in a matter of weeks coupled up with the fact that the summer transfer window is officially open.
There would have arguably been too much uncertainty going into the new campaign and the market with the takeover noise still in the background, but at least Steve Bruce and his members of staff can now start planning properly ahead for the new term.
However, Wraith still believes that the switch could be turned back on at any given moment, but that will surely depend on England’s highest division and just how quickly they could come to a final decision, as for now, there will be no takeover by the Saudi consortium in the North East.
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