Liam Kennedy has now dropped some reassuring insight on the potential takeover of Newcastle United after a rumour emerged involving Mukesh Ambani.
The Lowdown: Ambani rumour
As per The Shields Gazette, the name Mukesh Ambani has recently been trending amid rumours that he may revisit a possible takeover at St. James’ Park having previously bene linked with one back in 2008 and 2011.
Are the Premier League to blame for the Newcastle takeover collapse?
This comes as the North East club await the Competition Appeal Tribunal (CAT) case over the stalled takeover deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) group, which is set to take place this month after a delay in proceedings, according to The Chronicle.
The Latest: Kennedy on rumour
Writing in his latest piece for Newcastle World, Kennedy has claimed that the Toon Army should be sceptical over the latest link, but did reassure them with some insight from parties involved in the potential deal with the KSA consortium.
The journalist says that there ‘remains a confidence’ from all parties involved in the bid that a deal can still be done.
The Verdict: Reassuring
It is certainly reassuring to hear that all parties remain confident in the deal, given the constant delays that have been happening with cases.
The arbitration hearing between the Tyneside outfit and the Premier League is not set to take place until early next year now, and so the fight goes on to get a takeover over the line.
Nonetheless, with rumours with regards to Ambani seemingly squashed by Kennedy for now, there is at least still some hope from the KSA consortium.
Click here to comment on this articleor
Give us feedback on your Football Transfer Tavern experience