Last transfer news Newcastle United takeover on the cards amid behind-the-scenes talks breaking sport news
MetiNews.Com - Football Insider can reveal a Newcastle United takeover by a Saudi-backed consortium is firmly on the cards amid continuing behind-the-scenes talks
Breaking News ! 1225060268">Newcastle United are privately confident they will get the green light from the Premier League for the Saudi-backed takeover to be completed a year after it was rejected, Football Insider has been told. United owner Mike Ashley has taken legal action against the ruling body after it put the block on the proposed £300m deal last summer. A well-placed financial source has told Football Insider that the deal is still in place and both parties are committed to it being concluded in the coming months. Indeed, there is hope that it could be completed as early as July, or even June. Talks have continued behind the scenes since the Premier League refused the takeover last summer.
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Ashley has taken action to secure Premier League approval for the proposed takeover, hiring high-profile lawyer Nick De Marco to enter into an arbitration process.
The United owner was unhappy how last summer’s takeover was dealt with by the authorities.
The consortium is a joint venture between Saudi Arabia’s public investment fund, the billionaire UK-based Reuben Brothers and Amanda Staveley.
Source = Metinews.com