Newcastle United takeover 'has not been blocked' by Premier League


Newcastle United have been handed a significant boost as they look to force through a takeover.

According to Chronicle Live, the Premier League's executive director Bill Bush has told the Newcastle United supporters trust that a deal to sell the club has not been blocked.

Supporters of the Magpies are waiting with bated breath after news broke two months ago about a prospective £300million deal to buy the club.

Amanda Staveley is the figurehead of the Saudi-backed consortium who are said to be leading the charge for the club, but so far there’s been no news of a confirmed deal.

Fans are growing increasingly annoyed at the lack of progress, with many suggesting that perhaps the deal to sell the club is going to be blocked.

But speaking at a Premier League Network Meeting, Bush said that the takeover was 'still not completed, but ongoing'.

GIVEMESPORT'S Phil Spencer says...

While patience is obviously key during such uncertain times, you can hardly blame the Newcastle United fans for growing restless.

For many, a potential announcement of a full takeover is exactly what they’ve been wishing for several years while enduring a turbulent reign under Mike Ashley.

The Sports Direct owner has been a hugely unpopular figure on Tyneside, and that’s why talk of interest from the Saudi-based consortium is such a hot topic of conversation.

But Newcastle fans must still be cautious.

If anyone knows what it’s like to see their club owned by an unpopular figure, it’s Newcastle United fans.

That’s why they must remain patient – after all, the last thing they want is to jump out of the frying pan and into the fire.

News Now - Sport News