Newcastle United takeover could be announced this week

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Newcastle United's takeover could be completed this week, according to The Daily Mail.

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.

The club are currently waiting on a verdict from the Premier League as to whether the £300million deal can go ahead.

The authorities have previously urged caution with regards to a breakthrough, however if reports are to be believed then it's thought that an announcement is being prepared for this week.

The report reads: "The Premier League are nearing an announcement on the Saudi-led takeover of Newcastle with the expectation it will be approved, sources have told Sportsmail.

Those close to the process who have previously urged caution with regards timing are now saying they have been told a formal statement on the decision is close and, barring any further revelations, it could be this week.

"They also believe the £300million deal is likely to go through given what they say has been an increased level of involvement by the UK government, who it is said are keen to strengthen ties with Saudi Arabia."

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.

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