Mike Ashley makes key decision as Newcastle takeover uncertainty continues

p1ecprtko719vp1a2p52rqabcm1d.jpg

Supporters continue to face an anxious wait as a decision over Newcastle United's takeover.

News broke over three months ago about a prospective £300million deal to buy the club, meaning that the fans have been on tenterhooks ever since.

Amanda Staveley is the figurehead of the Saudi-backed consortium who are said to be leading the charge for the club, with just one final test standing in their way.

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

There's been plenty of speculation as to why such a delay has occurred, with issues such as human rights violations and piracy both being investigated amid the interest from Saudi Arabia.

But while the Premier League make their decision, Mike Ashley is feeling the economic pressure of such uncertainty.

With COVID-19 affecting all businesses as the pandemic continues, the Newcastle United owner has made a big decision with regards to his other business ventures.

According to Chronicle Live, Ashley is holding back rent payments the Fraser Group until trading levels go back to normal. 

p1ecprn46t2lq5381q661l1a1vdq9.jpg

The group consists of chains such as Sports Direct, House of Fraser, Flannels, Game, USC, Evans Cycles, Agent Provocateur and Jack Wills.

This is due to a slow month following the reopening of the chains following lockdown.

What this means for the Newcastle United takeover remains to be seen, but it could be construed as a sign that Ashley is hoping for a deal to be finalised sooner rather than later to help subsidise his other ventures through a challenging time.

GIVEMESPORT'S Phil Spencer says...

You've got to feel sorry for the Newcastle United supporters.

p1ecprp0smtspjqp1anv1dv817pqb.jpg

The club is the heart and soul of the community on Tyneside and fans just want an answer - and rightly so.

Mike Ashley is a universally unpopular figure in the North East and so it's no surprise that so many are keen to see the back of him.

However with plenty of controversy surrounding the potential investors, there's plenty to consider.

It's the right thing for the Premier League to do as they do a thorough examination of the key figures in the Saudi-based consortium, but surely a decision must be close.

If it's not, then I think it's key that the Premier League make their concerns public as transparency has to be key in this situation.

Otherwise I think supporters will continue to be hugely frustrated until a decision.

News Now - Sport News