The Chronicle are reporting that senior sources at Newcastle have confirmed to them there is indeed interest in a takeover from Dubai-based billionaire Sheikh Khaled bin Zayed Al Nehayan.
However, while there have been claims the deal is almost done, the sources said there are still some steps to complete – some way to go.
But if it’s true that the signed contracts have been sent to the Premier League for their approval the deal could be completed within a reasonable time frame.
The Chronicle are reporting that officials at Newcastle have confirmed t them that discussions have actually been held with a member of the Abu Dhabi royal family.
And the club – quite rightly in our opinion – are refusing to make any further comment about the situation.
They should be moving fast to confirm the deal and to do that as quickly as possible.
Good and successful takeovers are done quietly and with some stealth, and this is what seems to have happened with this proposed deal.
One of the next steps is for the Premier League to pass the Premier League’s Owners’ and Directors’ Test.
Its good in a way that this has gone public because any player associated with Newcastle in this summer transfer window will wait to see what happens.
That’s good for Newcastle, and that’s good for Rafa Benitez.
It’s also excellent for our long-suffering fans spread all over the world.