Lee Ryder has dropped the latest insight from the Reuben brothers on the potential takeover of Newcastle United.
The Lowdown: Reubens part of takeover consortium
The Reuben brothers are part of the Kingdom of Saudi Arabia (KSA) consortium looking to take over at St. James’ Park from Mike Ashley, along with KSA crown prince Mohammed bin Salman (MBS), the country’s Public Investment Fund (PIF) and businesswoman and head of PCP Capital Partners Amanda Staveley.
Is the KSA takeover of Newcastle over?
Ashley has launched two separate claims against the Premier League over the failed deal between him and the group, an arbitration case that is set to take place over the course of the coming months, as well as an anti-competition lawsuit.
The Latest: Reubens insight
Writing in his latest piece for The Chronicle, Ryder has shared that the Reuben brothers are patiently waiting on developments in Ashley’s legal battle with the English top flight, just like PIF and Staveley.
A positive result in the forthcoming arbitration hearing could persuade them to come back to the table along with the rest of the consortium, while a negative one may well end all interest.
The Verdict: Arbitration key to Newcastle’s future
The results of the arbitration proceedings are certainly key in terms of the direction that the takeover bid is heading, and thus the entire future of the Toon Army.
While the timing of the case is certainty not ideal for the Magpies, given that the summer transfer window has already begun and the new season is set to start in August, a positive result could accelerate the whole takeover process.
If this is the case, then the North East club could be quietly optimistic that a deal could be pushed through soon after the hearing, which would come as a delight to the Toon Army.
Nonetheless, the Reuben Brothers, along with the rest of the KSA group, will be keeping a close eye on the proceedings.
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