A takeover of Newcastle United may still be on as Tuttomercatoweb revealed that James Pallotta has been talked about as a possible buyer of the Tyneside club if he can get his proposed sale of AS Roma over the line.
According to the outlet, the sale of the Italian club is getting closer, as the co-owner and chairman Pallotta is looking around to potentially invest in a new team for the future.
He was associated with the Magpies at the start of the year but categorically denied this himself, however, it seems as if the old rumours are creeping back in again as he emerges as a potential new candidate to take over from Mike Ashley.
Indeed, the Kingdom of Saudi Arabian (KSA) group, 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 Reuben brothers, who are originally from India but are now based in London, have pulled the plug on their own £300 million deal with the chief executive of Sports Direct.
The Saudi-led consortium felt as if the Premier League were simply taking too long to approve of their bid, which is perhaps understandable given that the new 2020/21 season is fast approaching, coupled up with the fact that the summer transfer window has officially opened.
Are the Premier League to blame for the Newcastle takeover collapse?
Nevertheless, Pallotta may step forward as a possible new buyer at St. James’ Park, but this will solely depend on whether he can sell Roma first.
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