A new update was given on the Newcastle United takeover, which contains good news and bad news for Toon fans, who are desperate for it to happen.

The negotiations regarding the sale of the club is becoming a saga of epic proportions – typical of events at Newcastle United nowadays.

(Photo by Michael Regan/Getty Images)

Journalist Duncan Castles, speaking on The Transfer Window Podcast, made two claims – one that will give fans hope, and another that may snatch it away again.

The Daily Star report Castles as saying that two more parties are still in the frame to buy the football club from the derided Mike Ashley, rivaling the Bin Zayed Group (BZG), who are thought to be the front-runners, and most likely buyer.

(Photo by Stu Forster/Getty Images)

It then adds, however, that both other groups are struggling with “financial issues in terms of raising cash”, and they are uncertain about the valuation of the club, which has Ashley wanting £250 million plus a further £100 million to clear debt owed.

Of course, BZG have claimed to have agreed that price with Ashley, and if a takeover is to happen, it would seem that they are at the head of the field.


Nothing is ever straightforward at St James’ Park

But in contrast to the promising news of three interested parties, on negotiations for the club to get an outcome “one way or the other”.

(Photo by Tony Marshall/Getty Images)

This suggests, as with previous alleged bids, Ashley is not convinced that a serious bid is in the offing, and that any talks are not as far along as has been suggested.

Fans will be desperate to hear something… anything… from the BZG, who were quick to let fans know of their intentions, but have recently gone silent.

It definitely seems a case of now or never for the deal, and failure to get it through could lead to many more years of Ashley’s disastrous blueprint and mismanagement.

So the time for real action from the Middle East is now, and we all hope that we hear something positive very soon.

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