The good news keeps coming in for Newcastle fans about the Amanda Staveley led consortium, which has significant financial backing from the Saudi Arabia Wealth Fund – one of the biggest in the world.
The Mail reported on this yesterday, which we covered, and while we cannot say absolutely that it’s all a done deal, the Mail do report there’s no turning back now.
But we all know with a certain Mr. Mike Ashley, everything and anything is possible, and usually on the negative side of things.
All documents are in with the Premier League, a deposit has been paid, and the Mail report the owners and directors test process will take about three weeks,
But that could be from a week last Wednesday when it seemed all the work had been completed and paperwork was sent to the Premier League.
Some additional good news is that finally, we should be able to get the revenues increasing through some attractive sponsorships.
That will allow our commercial income, which has lagged pathetically behind other big clubs these last 13 years, to finally start to rise.
With Newcastle about to become a global brand in world football, we should be able to attract some outstanding sponsors who would b willing to pay big bucks to be associated with Newcastle United.
Maybe some new sponsorships have already been lined up?
And they could even be referenced in the announcement when the club has been sold – whenever that happens.
And the consortium seems to have done their job well, with the strategies for the next three years sent to the Premier League all signed, sealed and delivered in a hefty document.
Here is one exciting extract from the Mail report:
A 350-page document has gone to the Premier League which reveals details of ambitions to compete in the Champions League by offering fresh investment in three-year stages as well as new sponsorships.
So every three years the new owners will invest in the club in terms of infrastructure improvements and new players.
The consortium have laid out in detail what the first three years will look like.
And it looks there will be ample funds for training ground improvements, Youth Academy improvements, and new players coming in.
Exactly what we all want to see.
As Neil has reported, it seems like a waiting game now, and some of us will be hoping Mike Ashley doesn’t make an unexpected and sudden turnaround.
But that will be very difficult now, even if he wanted to do that.
Once the announcement is made, we can all celebrate.