Investors could 'pull the plug' on Newcastle United takeover

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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.

That has led to a lengthy delay from the Premier League as they investigate the latest goings on.

While a decision on this deal continues to stall, Henry Mauriss is still said to be waiting in the wings to make a move should a deal fall through.

However according to Danny Mills, Mike Ashley must be careful with the way he manages the increased interest in the club.

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Speaking to Football Insider, Mills said: “The problem is, is this American bid concrete? Is that going to happen?

"Because if you start to explore that while you’re dealing with the Saudis, having worked several times in the Middle East, what they they don’t like being is undermined.

“They’re in poll position. As far as their concerned, it’s their deal until it’s not their deal, until it’s finished.

“The moment you go an talk to another party, I expect they would pull the plug on it.

"That would be my only concern.

"Therefore, If your American deal isn’t a concrete one, you’d be left with nothing."

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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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