Some Newcastle United fans are overjoyed by an update on the prospective takeover in the North East as a snippet of an article from ChronicleLive was relayed by NUFC 360 on their official Twitter page.
As per the report, chiefs from the Premier League are not believed to have contacted the would-be owners of the Tyneside club to alert them of any complications regarding the proposal.
Do you think the takeover will still go through?
It is understood that the process with the top flight remains in the latter stages and Amanda Staveley, the Reuben brothers and Saudi Arabia’s Public Investment Fund (PIF) are still hoping for approval.
The ongoing Project Restart situation has slowed down the Magpies’ takeover process in recent weeks.
Bosses in England’s highest division have been well briefed of all the factors surrounding the bid from the get-go, and no red flags have emerged from the relevant criteria of the owner’s and director’s test which is still ongoing.
The process is thought to be at the closing stages but the league must consider every angle of the proposed deal.
These members of the Toon faithful seemed overjoyed upon reading the update and understandably so, given that they are desperate for the deal to go through in order to get rid of Mike Ashley, whom they have a strained relationship with…
— Mark Scott (@MJScott2) May 27, 2020
Just get it done Min. #cans
— GreigSw (@ScottishGreig) May 27, 2020
Just announce it then!!!
— GP (@GP18089407) May 27, 2020
Which one of the proposed directors would fail the test? If you google PL Director’s test you can see the ‘Disqualifying Events’ (Section F1) and these only relate to the Directors …
Amanda Staveley, Yasir al-Rumayyan, Reuben Brothers
I doubt any of these are named by WTO 👍
— ⭐️ King of Northumbria ⭐️ (@Sandancer1977) May 27, 2020
Geordies, what do you make of the update? Comment below!
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