Plenty of Newcastle United fans are buzzing as there has been a key takeover update involving Saudi Arabia’s Public Investment Fund (PIF) emerging on Twitter.
As per The Hollywood Reporter, the Saudi PIF are ‘about to close’ a 380 million-euro deal to buy the Tyneside club as the writer adds that they are also eyeing up the Warner Music Group.
Saudi Arabia, led by the country’s crown prince Mohammed Bin Salman (MBS), boasts a 300 billion-euros fund that remains interested in the entertainment and sports sector.
With MBS looking at potential new investments, perhaps one could take it that the deal at St. James’ Park is almost at completion if he is looking elsewhere.
On the other hand, a cynic could say that the consortium are becoming increasingly more impatient as they wait for the approval of the Premier League, and thus have turned their attentions to other forms of business.
Are you happy for your prospective owner to invest in new businesses?
Nevertheless, these members of the Toon faithful buzzed when they heard the news:
— Kunoglessi (@kunoglessi) May 7, 2020
When are we signing Coutinho & Poch? 🙌🏻
— Andrew Daly (@Andrew_Fryday) May 7, 2020
Music 🎶 to my ears 🎧
— Happy 😀 (@toontoonbarmy) May 7, 2020
— Aaron Glover (@AaronLGlover) May 7, 2020
@TatianaSiegel27 fancy joining us on the cans when it goes through? ⚫⚪⚫⚪
— Hammy (@H4mmy14) May 7, 2020
— James Bolam (@James_Bolam) May 7, 2020
Geordies, do you think the deal could be done by the end of the week? Comment below!
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