Newcastle will have to wait longer for takeover

St James' Park

Newcastle's potential takeover has become as much about money as it has about time.

For three months we've been waiting for answers from someone but they've never really been forthcoming.

Richard Masters suggested early last week that a solution was close but ten days later, we're still very much in the dark.

PIF initially lodged a bid of £300m months ago and come the beginning of July, you'd have expected them to be settling into their new surroundings.

However, when are things ever easy on Tyneside?

Newcastle supporters have been given an agonising wait as the Saudi's struggle to pass the owners' and directors' test set out by the top-flight.

Piracy has wreaked havoc with the completion of the takeover while the country's human rights record is also a contentious debate.

Saudi flag

Every week there are claims that the takeover is very close and that was no different with actor and writer Steve Wraith on Tuesday.

However, Chronicle Live reporter Mark Douglas thinks we'll have to wait another couple of weeks before things are wrapped up.

Speaking on the latest episode of the Everything is Black & White podcast, he revealed when we could expect to see some sort of announcement.

Douglas stated:

"It's getting onto a Thursday of another week where it's not happened. So we'll just have to wait and see, but obviously, once you get the green light, let's build maybe a few days after that when before a big announcement can come and everything can happen.

"We're going to be looking at the middle of July at the earliest now for something to happen and it could even be towards the end of the season, which would be the 26th of July, which wouldn't be for another three weeks."

MBS

GIVEMESPORT'S Matt Dawson says...

If Douglas is correct, you can expect to hear plenty more updates on the proposed takeover in the next couple of weeks.

As far as he is concerned, everything is far from being done.

After all, money will have to be exchanged, papers signed, pictures taken and an official announcement from the club will need to take place before PIF can begin their work in the north-east of England. 

However, there are clear signs that proceedings might be starting to ramp up.

Bruce

The British government showed an improvement in relations by opening up their weapons to Saudi Arabia again whilst KSA also introduced new IP measures on Thursday.

Both of those announcements could be a boost to Newcastle's hopes of finally seeing Mike Ashley depart.

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