The would-be buyers of Newcastle United are reportedly optimistic that a takeover of the St. James’ Park faithful can be sorted in time for the January transfer window.
According to The Chronicle, they are continuing to work on possible plans for the Tyneside club in the event that the ‘takeover logjam can be cracked’ in time for the window to officially open.
Are the Premier League to blame for the Newcastle takeover collapse?
The proposed £300m deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) consortium is now in the litigation phase, and so the lawyers of both the chief executive of Sports Direct and the Premier League are now in battle over the possibility of arbitration, but no prospective date has been set as of yet.
What are the buyers thinking about the Newcastle takeover?
There is apparently still a feeling from the would-be buyers that the political pressure surrounding the initially failed takeover attempt will get a result.
For everything to be sorted in January is optimistic, but talks with agents who were spoken to during the summer are going ahead again.
Nonetheless, it seems as if the would-be buyers have not given up their hope just yet that the takeover of the Magpies can be resurrected, but whether any deal can be sorted by January is all up in the air for now.
Click here to comment on this articleor
Give us feedback on your Football Transfer Tavern experience