If the Newcastle takeover goes through, they will be one of the wealthiest clubs in the world. That is because of the Public Investment Fund of Saudi Arabia.
However, they are also the problem.
It was their involvement that the Premier League queried, with uncertainty about Crown Prince Mohammed Bin Salman’s involvement.
The buyer’s claimed they were separate, while the Premier League thought otherwise.
That led to the deal stalling, and PIF walking away in July 2020.
It is now April 2021, and the deal is still rumbling on.
Mike Ashley has taken legal action against the Premier League, as we await results from the arbitration hearing. However, that process is yet to begin.
But one question that keeps getting asked is ‘are PIF still interested?’. What would be the point of this legal battle if 80% of the buyers weren’t willing to come back to the table?
However, the Athletic have reaffirmed their position. Despite walking away last year, privately they are still keen.
The Athletic report that a source told them: “What they’ve (PIF) said in private is, ‘Come back to us when this is sorted and we’ll get on with it’, but their public position is that they’re not there.”
The Saudis aren’t getting involved in Ashley’s legal battle. Instead, they wait to be given the green light.
But will that green light ever come? We will have to wait until the end of the season to find out, as the Chronicle claim there is no chance of arbitration being completed before then.