A source from Newcastle United has dropped some promising insight on the parties involved in the potential takeover at St. James’ Park.
The Lowdown: Arbitration date set
The arbitration case between the North East club and the Premier League has been set for July, with the results of it likely to 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.
Is the KSA takeover of Newcastle over?
However, with the opening of the summer transfer window and the start of the new season on the horizon around the same time, it would be ideal for the Tyneside club to know their fate as soon as possible so they can go into it as best prepared as they can.
The Latest: Newcastle source drops insight
As per Football Insider, a Magpies source has shared that all parties involved in the bid are still committed and that there is growing hope that it will be concluded by the end of July, a very promising timeline indeed.
The Toon are privately confident that the top flight will approve the takeover after the arbitration hearing takes place, suggesting that they think that the results will go in their favour.
The Verdict: Promising for potential takeover
The voices coming out of NUFC are certainly promising with regards to the potential revival of the takeover.
However, a lot will hinge on the results of the arbitration proceedings, which despite Newcastle’s confidence, can go either way.
The Magpies will be hoping that whatever the result, they will know their fate before the new season kicks off, so that they can plan ahead with regards to player recruitment among other targets.
Nonetheless, the fact that all of the parties involved in the deal are still committed is a good sign, and if all goes well in arbitration, it is possible that the Toon Army could well see a takeover of their beloved club by the end of July.
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