Tuesday night brought takeover dread for Newcastle fans, but the Chronicle’s latest report should ease some of those fears.
A report from the Guardian claimed that the deal was in ‘serious doubt’ after the World Trade Organization found that Saudi Arabia own a pirate TV channel that provides illegal coverage of sports, including the Premier League.
According to the Guardian, the Saudi government are behind the pirate channel, leading to fears it could derail their attempt to buy Newcastle United.
However, the Chronicle have provided an update on the situation. They claim that the potential new owners have not been contacted by the Premier League regarding any issues with the deal, and that they are still hopeful it will be given the go-ahead.
The Chronicle claim that the Premier League checks are in the closing stages, but were unable to offer any timescale on when the deal might be completed.
This has been a long, drawn-out process which is exactly what Toon fans didn’t want.
The soap opera of Mike Ashley possibly selling the club has gone on for years and years, and even the final hurdle is proving to be a massive leap.
But the lack of contact between the Premier League and the prospective owners is surely a good thing, suggesting that no red flags have emerged as it stands.
It continues to be a messy situation. All Newcastle fans want is an answer.
But with this lengthy process coinciding with ‘project restart’ and the global health crisis, there is no indication as to when PCP Capital Partners will find out if they can complete a deal to buy Newcastle United.