Newcastle given positive takeover update

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Newcastle United’s prospective new owners still believe the takeover will go through, according to journalist Paul Smith.

The reporter, formerly of the Daily Mirror, has been tracking the prospective deal that would see the Saudi Arabia-backed Public Investment Fund pay £300 million to buy the club.

And he tweeted on Thursday that, while there has not been a confidence boost within the camp, there is an unwavering belief that the takeover will eventually be completed.

He wrote: “Needless to say confidence in the Saudi camp isn’t growing.

“Despite the frustrating and needless delay by the Premier League, the Saudi’s have never wavered from believing this deal will eventually be done.”

A deal was initially agreed in April, meaning that the club have been waiting for ratification from the league for two months at this point.

The Saudi-backed consortium is led by Crown Prince Mohammed bin Salman, and the PIF are said to have assets worth more than £260 billion, per talkSPORT.

GIVEMESPORT’S Harry Sherlock says…

It could finally happen.

It is understandable that the fanbase are growing restless; this is a football club that is used to being disappointed at the last moment.

They desperately want rid of Mike Ashley, regardless of the potential buyer.

It matters little that this is backed by a Gulf state who have a patchy human rights record – if we’re being kind.

The fans merely want to see cash being splashed and results taking a positive turn on the pitch.

As Smith writes, there has been much frustration but if this gets over the line, expect socially distanced street parties up and down Tyneside.

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