The reasons Newcastle's takeover was delayed so long

Newcastle United drinks break

Newcastle United supporters have arguably never been so angry.

A petition has now been signed by over 79,000 fans (at the time of writing) demanding an independent investigation into why the takeover suddenly collapsed.

Things were reportedly close to being completed, but in a remarkable turn of events, the Saudi Arabian Prince Investment Fund withdrew their bid.

Mohammed Bin Salman had initially lodged a £300m swoop to buy Newcastle from Mike Ashley but after months and months of trying, eventually got fed up.

Richard Masters claimed a resolution was close over a month ago but that it seems, was never in the frame, particularly after the Saudi's banned beIN Sport from their country. 

The whole situation has been a mess from start to finish and it's getting no easier now with letters being sent to parliament alongside the ongoing petition. 

Whether any answers are received appears unlikely given the Premier League's silence over the last week.

Mike Ashley

However, some insight has now been delivered as to why everything was so delayed, and why the top-flight failed to make a quick decision. 

That was issued by French journalist Philippe Auclair who was speaking to The Guardian's Football Weekly podcast.

He revealed the following:

“The Premier League actually didn’t take a decision. And the reason why [they] didn’t take a decision, so I’m told, is that there was a great lack of clarity about the ownership structure of this consortium. So who would be in charge of what? Who would be the chief executive? Who would be the president or chairperson or whatever? And apparently there was a great lack of clarity for that.

“Also, you add to that the fact that they had the WTO [World Trade Organisation] report – it’s got nothing to do with Qatar, or other clubs, supposedly having put pressure on the PL [Premier League] to prevent them from taking a decision."

Premier League ball

GIVEMESPORT'S Matt Dawson says...

Not knowing about the proposed ownership structure of PIFs bid to buy the club sounds like a viable excuse on the face of it, but the fact that nothing concrete has come out of the Premier League simply isn't good enough.

Ashley thought he was finally leaving St James' Park this year but now he has to face up to the idea of potentially investing more money into the club so that they can spend in the transfer market.

Mike Ashley

Ashley has historically struggled in the window and that could continue this summer with the current owner unlikely to be truly interested in Newcastle.

The only person who may come out of this the better is Steve Bruce, a man whose future was in danger if PIF walked through the door and had alternative ideas.

Mediocrity looks like it'll be looming again next season.

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