A ‘well-placed financial source’ has told Football Insider when they expect the potential takeover of Newcastle United to be completed.
As per the news outlet, there is ‘hope’ that the proposed deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) group could be completed ‘as early as July, or even June’.
Are the Premier League to blame for the Newcastle takeover collapse?
The St James’ Park club are ‘privately confident’ that they will be given the green light by the Premier League for the takeover to be completed, and in recent weeks there has been a ‘growing sense’ that the hostility of the governing body to the bid has ‘thawed’.
Newcastle takeover hope
If what the source is saying is true, then it very much offers a lot of hope that the takeover in the northeast by the KSA consortium can be completed.
Of course, the KSA’s Public Investment Fund (PIF) would have to come back onto the table, and Steve Bruce’s team would likely have to avoid being relegated from the Premier League at the end of the current campaign.
Nonetheless, the deal is certainly not dead in the water just yet, with an arbitration hearing between the Tyneside club and the Premier League still to be scheduled.
The results of that case could go a long way towards painting a picture of the direction in which the bid is heading, but for now there has definitely been some hope offered to the Toon Army.
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