Newcastle United’s takeover proposal has made it through the latest round of the Premier League’s owner’s and director’s test with no complications, as per ChronicleLive.
The outlet understands that the thorough examination of the takeover approach by businesswoman Amanda Staveley, the billionaire Reuben brothers and Saudi Arabia’s Public Investment Fund (PIF) is now in the final stages and there have been no hiccups so far.
The good news for members of the Toon faithful is that the process remains on course for the Magpies to have a new owner and there have been no red flags, despite talk of fresh opposition from other clubs in the top flight and further complaints about the deal.
Do you think that the would-be owners will pass all of the Premier League checks?
Sources in the Middle East are now suggesting there is a real air of confidence that the prospective deal will have the result several NUFC supporters are praying for.
The bid has now reached the point where confirmation from England’s highest division comes next which would then be followed by the final transfer of funds from the Saudi-led consortium into current owner Mike Ashley’s bank account.
The CEO of Sports Direct has stayed silent on the situation throughout the global pandemic that has swept across the footballing world, but it is believed that the 55-year old is awaiting a call from the league, via his legal team and close aides, and he could remain in the United States of America until everything is completed.
Whilst the takeover is not quite over the dotted line yet, this will surely boost the confidence of some of the fans.
Geordies, are you feeling more confident after reading this report? Comment below!
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