The Chronicle today have tried to get some definitive news on the takeover but they have been unable to come up with what’s really going on and there are still conflicting reports.
On the positive side of things, the Bin Zayed Group – led by Sheikh Khaled – have been very outspoken be issuing two statements to fans so far.
The latest one said that a deal has been agreed for £350M with Mike Ashley, and proof of funds were sent to the owners’ lawyers last month (April 17) which is six weeks last Wednesday.
Also signed contracts from both sides have been delivered to the Premier League.
If that’s true and it’s all in order, then the next thing is for the Premier League to investigate and say that Sheikh Khaled bin Zayed al-Nahyan is a fit and proper person to own a football club.
Then the deal would be closed – so if we believe what Bin Zayed Group is true it’s not far from being closed.
However, there always Mike Ashley who could try to slow it up – even though it’s in Newcastle’s best interests to get it completed quickly so they can sign Rafa up and then some top players.
Sheikh Khaled – the upcoming owner of Newcastle United
When the deal broke that Manchester City had been bought by Sheikh Mansour in August 2008, everything had been completed including the fit and proper person test.
And when the news came through via the Sun last Sunday night, you would have expected that everything had been done – by the rules – to acquire Newcastle United.
They would not have allowed the news to break unless everything had been done and they were simply waiting on the Premier League.
That’s what you would expect to happen if a valid bid had – for the first time that met Ashley’s price – had been made.
And the two statements issued by Sheikh Khaled have validated everything the Sun reported.
But there’s a skeptical view at Newcastle on any takeover – because we’ve been burned by Ashley before and people are finding it all hard to believe.
Where’s the catch this time?
But then Newcastle said no valid offer had been received and they have kept to that story every single day this week.
If Newcastle had said nothing we would not have been in the confusion we are right now.
If this deal is real – then it could be closed within two weeks or earlier, once the Premier League have conducted their fit and proper person review on Sheikh Khaled.
There – I’ve said it.