Early on Saturday, the Chronicle reported that a second consortium interested in purchasing Newcastle United was in the early stages of due diligence.
That report said that the unnamed group was going through the books at Newcastle. However, they were quick to note that it was still business as usual as far as the club was concerned.
This would be a second ‘serious’ consortium along with the Saudi-backed group led by Amanda Staveley. The Chronicle also reported that they have approached both the club and the Saudi group but received no new information.
So the most recent information on the PIF consortium is that American entrepreneur Carla DiBello may have been the one to suggest the idea of purchasing Newcastle to the Saudis.
There had been speculation that more bidders were in talks to buy Newcastle. The news that another group is looking at the books is not too surprising if accurate.
However, that doesn’t mean they are anywhere close to reaching an agreement with Mike Ashley, which will be where the real test lies.
The fact that this second group remains unidentified could be a positive sign and show that they are remaining tight-lipped about their plans.
Pete Graves, with Sky Sports, tweeted the following on Saturday, verifying that he too is aware of a second group.
Aware there's another serious bidder at the table yes. Reports are correct. But as I've maintained throughout. No idea how close any group is to a major breakthrough yet. The recent quietness tho is not necessarily a bad thing. #nufc https://t.co/d4DFCF8H0u
— Pete Graves (@PeteGravesSky) February 15, 2020
It’s all at a standstill as far as Newcastle fans go. There’s still a faint hope that something concrete will develop in the coming weeks and months.
However, it’s all far too much of an unknown to raise our expectations too high.