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Newcastle United: Takeover documents between Premier League and Foreign Office revealed

Newcastle United: Takeover documents between Premier League and Foreign Office revealed - Newcastle United News

Some documents sent between the Premier League and the Foreign Office (FO) to do with the proposed takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) consortium have been revealed.

As exclusively revealed by The Chronicle, the English top flight asked to meet with the Office in the Spring to make sure that they were ‘on the same page’ with regards to the timing of their decision as to whether to approve of the £300m deal between Mike Ashley and the KSA group or not.

Are the Premier League to blame for the Newcastle takeover collapse?

Yes

Yes

No

No

In the 24 pages, several meetings were held between England’s highest division and the FO, with the correspondence there for the EPL to keep the Office up to date with any sort of developments.

It may come as a shock to the Toon Army that around the time back in May that the documents were being sent, confidence was growing that the takeover could be done, considering the eventual failure.

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Newcastle takeover eventually rejected

Unfortunately for fans in the North East, the prospective bid was eventually rejected by the league, but there is still hope that the takeover can be resurrected, with the would-be buyers reportedly optimistic that it can be sorted as early as January next month in what would be a huge boost to the Tyneside club.

In other news, find out the investment in the city that a Middle Eastern fund has made here!


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Article title: Newcastle United: Takeover documents between Premier League and Foreign Office revealed

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