Worrying Newcastle United takeover verdict emerges

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Newcastle United have had a tough 2020 by Premier League standards.

After months and months of speculation the expectation was that the club would become one of the richest in world football.

That never materialised.

A £300million deal for Amanda Staveley and PIF to buy the club was all-but completed when it was submitted to the Premier League for formal ratification - something that never came.

This was down to concerns over who would be running the club on a day-to-basis, with the Saudi group PIF set to hold a majority share despite numerous violations being linked with leader Mohammed bin Salman.

But this issue proved to be fatal in the context of the club's takeover, leaving Newcastle United fans angry and frustrated at the collapse of the deal.

One man who has been covering the saga closely is Luke Edwards of The Telegraph who claims that a deal remains unlikely with negotiations over the issue now 'stuck'.

Speaking on the NUFC Late Show by Gallowgate Shots, Edwards said: "“The buyers said, ‘No, no, no, the PIF is completely separate, [Mohammed bin Salman] will have nothing to do with the football club, the running of the football club, so why are you asking?’

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“So, the Premier League said ‘okay, we will go to independent arbitration to get over this logjam; they couldn’t progress because the Premier League were asking for something the buyers didn’t think they needed to give.

“They didn’t go to independent arbitration, they didn’t provide the information they were after, so it just got stuck, and nothing’s changed, it’s still stuck.”

GIVEMESPORT'S Phil Spencer says...

You have to feel for Newcastle supporters on this one.

Tyneside was a vibrant place as talks of a potential takeover continued with many hoping that a deal could be done.

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A £300million deal could have seen the club return to their former glory and push them towards a challenge at the top end of the table.

But this now seems to be further away than ever.

Fans will be hopeful that a deal can be reignited, but with no real news since the summer it now seems to be a case of wishful thinking rather than substantial hope.

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