Newcastle United takeover delayed due to 'complications'

p1ec2gc1oi33d1q4al05192712759.jpg

Newcastle United's takeover continues to rumble on.

Fans of the Magpies are waiting with bated breath after news broke three 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 deal can go ahead.

There's been a distinct lack of dialogue from the decisions makers during this time, but quizzed on the Newcastle United takeover, the Premier League's chief executive Richard Masters provided an update on the delay.

Quoted by Chronicle Live, Masters said: "I do appreciate the uncertainty.

"Obviously I cannot comment in terms of timing or the specifics on any particular takeover.

"But in a perfect world, takeovers would happen clearly, cleanly and in a timely fashion. Sometimes things get complicated.

"It is very difficult because it is an entirely confidential process that involves all sorts of due diligence and the application of the owners and directors test.

"We've always said those processes would need to be entirely confidential and when it drags on sometimes there is a requirement for information. It is a relatively rare occurrence.

"I think it is very difficult to keep a constant dialogue with fans about what is an entirely confidential process.

"We can't provide a running commentary on things and I can't really talk about the specifics of the process. There are legal requirements in place that need to be observed."

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.

News Now - Sport News