Mark Douglas has dropped some insight from those close to the potential takeover of Newcastle United on the summer transfer window.
The Lowdown: Arbitration looming
The arbitration case between the St. James’ Park faithful and the Premier League is set to take place in July, as the separate anti-competition lawsuit could also be launched after, depending on the results of the hearing.
Are the Premier League to blame for the Newcastle takeover collapse?
It should give a much clearer picture over the direction of where the proposed deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) group is heading, but until the results are found out there is still uncertainty surrounding the North East, especially considering its timing in relation to the transfer window and the start of the new season.
The Latest: Insight from sources close to takeover
Writing in his latest piece for The Chronicle, Douglas has shared that close sources to the takeover bid who are familiar with the approach to the Tyneside club think that there is little prospect of anything happening in time to impact the transfer window.
The journalist adds that even with a successful separation argument, it could lead into further questions from the top flight, which could delay the deal even further.
The Verdict: Transfer window blow
It would certainly be a blow if nothing on the takeover front could be completed in time for it to have an impact on the Magpies’ business in the transfer window.
The Toon would have likely be hoping for a quick spike in cash at their disposal should their arbitration case prove successful, but it looks as if they may have to deal with a tight budget once more, especially due to the financial impact that the global pandemic has had.
Nonetheless, if a takeover is completed over the next few months, then it may be January that we could see NUFC looking at buying a much higher calibre of player, and then next summer where we would likely see some very interesting business being done.
Click here to comment on this articleor
Give us feedback on your Football Transfer Tavern experience